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<br />( <br /> <br />. < <br /> <br />~ <br /> <br />...... ' <br /> <br />. <br /> <br />(c) Defects in accounting policies and procedures that make accounting <br />and/or auditing time consuming and/or inefficient. <br /> <br />(d) Any failure of the accounting department to prepare and distribute <br />financial reports required or needed for administrative purpose. <br /> <br />(e) Any other information deemed appropriate of City Council <br />consideration. <br /> <br />III. <br /> <br />The 1984 Annual Financial Report of the City shall be prepared in accor- <br /> <br />dance with generally accepted accounting principles and the "Minimum Reporting <br /> <br />Requirements - City Financial Reporting" prepared and issued by the Office of the <br /> <br />Minnesota State Auditor. Should the City require assistance in preparing and com- <br /> <br />piling its financial data and records to meet these requirements, the Auditors <br /> <br />agree to assist the City as required and as determined jointly by the Auditors and <br /> <br />City Administration. Fees for such services (if required) shall be billed on the <br /> <br />basis of the hourly rates contained herein, but shall be billed separate from <br /> <br />audit fees. <br /> <br />IV. <br /> <br />The City herewith engages the Auditors for the work hereinbefore specified <br /> <br />and agrees to pay the Auditors on the basis of; <br /> <br />Staff Auditors; <br />Senior <br />Semi-Senior <br />Junior <br /> <br />$62.00 @ Hour <br />$55.00 @ Hour <br />$38.00 @ Hour <br />$29.00 @ Hour <br />$25.00 @ Hour <br />$17 .00 @ Hour <br />$17 . 00 @ Copy <br /> <br />Partner <br /> <br />Audit Supervisor/Manager <br /> <br />statistical Typists and <br />Report Processors <br /> <br />Charge per Copy of <br />Financial Statements <br />