| | | | | | | | Action Item - 13.
Title: Amendment of a Contract with Barbacane Thornton and Company Accounting Services ($225,000)
Board of Education Meeting Date: 5/28/2020
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| | | | | | | | Action under consideration
| | The Administration recommends that the Board of Education authorize The School District of Philadelphia, through the Superintendent or his designee, to execute and perform an amendment of a contract, subject to funding, as follows:
| | | With:
Barbacane Thornton & Company, LLP
| | | Purpose:
Accounting advisory services
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| | | | | | | | | | Original Start Date: 10/18/2015
| | | Current End Date: 6/30/2020
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| | | | | | | | | | Amended End Date: 6/30/2021
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| | | | | | | | | | Currently Authorized Compensation: $825,000
| | | Additional Compensation:
$225,000
| | | Total New Compensation: $1,050,000
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| | | | | | | | | | Location:
Administrative Office(s)
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| | | | | | | | | | Number of Options: 1
| | | Duration of each option to extend: Years: 1 Months:
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| | | | | | | | | | Maximum compensation authorized per option period: $225,000
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| | | | | | | | | | Description:
The School District has been working with Barbacane Thornton & Company LLP since approved by the School Reform Commission on August 20, 2015. This contract provides for accounting professional advisory services. Barbacane Thorton & Company LLP is a highly respected outside expert which advises the District on complicated accounting questions and provides guidance on District processes, including expertise essential to reforming our term pay process. Barbacane Thornton & Company LLP will continue to provide accounting professional advisory services set forth in the original Contract and RFP 469. We have maintained a good relationship with Barbacane and find their accounting advice and services more than sufficient for our needs.
| | | Anchor Goal(s) Supported: Anchor Goal 4 - 100% of funding for great schools is secured with zero deficit
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| | | | | | | | | | Related resolution(s)/approval(s):
August 20, 2015; A-8
April 26, 2018; A-11
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| | | | | | | | | | Funding Source(s):
FY20-21 Operating
FY20-21 Categorical |
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| | | | | | | | | | Office Originating Request: Finance
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