BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Consider the June 17, 2025, Board Audit Committee Recommendation to Approve Amendment No. 2 to Agreement A4570A with Sjoberg Evashenk Consulting, Inc., to Provide Board Audit Consultant Services, Extending the Agreement Term to November 22, 2026, and to Increase the Not-to-Exceed by $600,000, Resulting in a Total Not-to-Exceed Fee of $1,400,000.
End
RECOMMENDATION: Recommendation
Adopt the June 17, 2025, Board Audit Committee Recommendation to Approve Amendment No. 2 to Agreement A4570A with Sjoberg Evashenk Consulting, Inc., to provide Board Audit Consultant Services, extending the Agreement term to November 22, 2026, and to increase the Not-to-Exceed by $600,000, resulting in a total Not-to-Exceed fee of $1,400,000.
Body
SUMMARY:
With this agreement, the consultant serves as advisor to the Board of Directors' Audit Committee (Board Audit Committee) in fulfilling its duties, responsibilities, and functions. More specifically, the consultant assesses operational risks and advises on potential audits to ensure Santa Clara Valley Water District is in compliance with its policies, procedures and any local, state, and/or federal regulations as appropriate. The recommended audits may or may not be conducted by the Consultant. The consultant will also assist in preparing an annual program of audits with associated calendars, schedules and budgets and prepare formal and informal reports and presentations to the Audit Committee and to the full Board of Directors.
Prior Board Actions re Agreement No. A4648G
On November 23, 2021, the Board approved the Standard Consultant Agreement with Sjoberg Evashenk Consulting, Inc., to provide Board Audit Consultant Services for a not-to-exceed amount of $800,000 and a term of three (3) years.
On June 18, 2024, the Board of Directors' Audit Committee (BAC) approved recommending Amendm...
Click here for full text