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Item L4BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date:. January 16, 2008 Bulk Item: Yes X No Division: Commissioner DiGennaro Department: Commissioner DiGennaro Staff Contact Person: Commissioner DiGennaro AGENDA ITEM WORDING: Approval to utilize professional accounting services of Bishop, Rosasco & Co. to assist the County with financial/consulting services concerning budget reductions for FY 08 and FY 09 on an as needed basis and approval to waive the County's Purchasing Policy. ITEM BACKGROUND: During the FY 07-08 budget preparation, the County utilized the professional accounting services of Bishop, Rosasco & Co. to review and assist with the preparation of financial and budgetary reports, support for compliance with State or Florida Truth in Millage (TRIM) requirements and other financial/consulting services as requested with a cost not to exceed $24,000 which is within the Administrator's purchasing authority level. Their services are further needed to assist with ongoing budget reductions. Since they are experienced and very familiar with the County's finances, it is being requested that we continue to utilize their services. PREVIOUS RELEVANT BOCC ACTION: As stated above. CONTRACT/AGREEMENT CHANGES: STAFF RECOMMENDATIONS: Approval. TOTAL COST: $150 - 230/hr. COST TO COUNTY: $150-230/hr. BUDGETED: Yes X No SOURCE OF FUNDS: Ad Valorem REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year APPROVED BY: County Atty OMB/Purchasing _ Risk Management DOCUMENTATION: Included Not Required X DISPOSITION: AGENDA ITEM #