REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on Amendment No. 1 to the Agreement as Amended with The Pun Group, LLP for Auditing Services for the Santa Clara Stadium Authority
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi's Stadium
BACKGROUND
On September 10, 2020, the Stadium Authority (Authority) entered into an agreement with The Pun Group, LLP, to provide the Authority with auditing services by performing a review of the 2019 College Football Playoff National Championship Game (Game) financial statements and supporting documents provided by the Bay Area Host Committee (Committee). The agreement expired on December 31, 2021. Staff is requesting to extend the agreement until March 31, 2023 and modify the agreed upon procedures to provide ample time for the consultant to wrap up the necessary remaining procedures and report.
DISCUSSION
The Authority has engaged The Pun Group, LLP to provide auditing services to perform agreed upon procedures on the financial statements and supporting documents submitted by the Committee for the 2019 Game. The current contract with The Pun Group, LLP has a total not-to-exceed amount of $23,650 and terminates on December 31, 2021. Staff is recommending Amendment No. 1 to retroactively extend the termination date to March 31, 2023 and modify the agreed upon procedures to be performed. The completion of the audit requires additional time is due to unanticipated delays and a pause in the audit work from the COVID-19 pandemic and the need to coordinate and sign a Non-Disclosure Agreement with the Forty Niners Stadium Management Company, LLP. Additional procedures have been identified as well to ensure a complete review of the event.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" within the meaning of a California Environmental Quality Act ("CEQA") pursuant to the CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical ...
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