Dept./ Agency: Offices of Municipal Council/City Clerk Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Professional Service Contract (Non-Fair and Open) Exception to Public Bidding - pursuant to N.J.S.A. 40A:11-5(1)(a)(i) Purpose: To provide for the award of a contract for the Audit of the fiscal activities of the City of Newark for both Statutory Audit and the Single Audit - for the preparation and filing of the 2020 Annual Debt Statement, 2020 Annual Unaudited Financial Statement, the 2021 Municipal Budget and Budget Amendments, the Budget Appropriation CAP Calculation, the Budget Levy CAP Calculation Workbook and the Calculation for the Reserve for Uncollected Taxes. Entity Name: Samuel Klein and Company Entity Address: 550 Broad Street, 11th Floor, Newark, New Jersey 07102 Contract Amount: Not to exceed $485,000.00 Funding Source: 2020 Budget/Office of the City Clerk/NW011-025-0251-71250-B2020 Contract Period: One (1) year from the date of adoption by the Municipal Council Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS ( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: