To: Board of Supervisors
From: Monica Nino, County Administrator
Report Title: Approve and Authorize a Contract with Macias Gini & O'Connell, LLP for Inflation Reduction Act (IRA) Direct Pay Tax Credit Accounting and Consulting Services
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE and AUTHORIZE the County Administrator, or designee, to execute a contract with Macias Gini & O'Connell, LLP for Inflation Reduction Act (IRA) accounting and consulting services in an amount not to exceed $50,000 for the period January 1, 2025 through December 31, 2025, subject to approval by County Counsel.
FISCAL IMPACT:
Up to $50,000. Costs related to this contract will be paid from the funding sources for projects eligible for IRA tax credits. For example, costs related to claiming electric vehicle tax credits would be paid from the Fleet Internal Services Fund (ISF) because the Fleet ISF would be the recipient of any IRA tax credit revenue generated from this contract.
BACKGROUND:
On April 24, 2023, the County issued a solicitation for external audit services related to the County's financial statements and the federal Single Audit Act. Proposals were due from interested firms on May 12, 2023, and the County received two proposals from qualified, public-sector accounting firms: Macias Gini & O'Connell, LLP and Eide Bailly, LLP. Following receipt of the proposals, the County convened a review panel on May 17, 2023 to review each proposal and make a recommendation for contract award to the Board of Supervisors. The review panel used a consensus based, forced ranking approach to evaluate the proposals, and recommended Macias Gini & O'Connell, LLP (MGO) to be granted the contract award by the Board of Supervisors for a three-year period with two optional one-year extensions. The contract period, including optional extensions, is not to exceed five-years, at which point it will be necessary to proceed with a new RFP process ...
Click here for full text