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<br />I~ <br /> <br />the city that works for you <br /> <br />Re ort Number: <br />A enda Section: <br />Re ort Date <br />Council Meetin <br /> <br /> <br />N ov. 20, 2006 <br />Date Nov. 28, 2006 <br /> <br />. <br /> <br />REQUEST FOR COUNCIL CONSIDERATION <br /> <br />ITEM DESCRIPTION : APPROVAL OF AUDITING SERVICES AGREEMENT FOR YEAR <br />ENDING DECEMBER 31, 2006 <br />DEPARTMENT HEAD'S APPROVAL: <br /> <br />CITY MANAGER'S APPROVAL: <br /> <br /> <br />No comments to su lement this re <br /> <br /> <br />~mments attached <br /> <br />Recommendation: APPROVE AND AUTHORIZE EXECUTION OF AN AGREEMENT <br />WITH KERN, DeWENTER, VIERE FOR AUDITING SERVICES FOR THE YEAR <br />ENDING DECEMBER 31,2006. <br /> <br />Legislative History: The State of Minnesota requires that our Comprehensive Annual Financial <br />Report (CAFR) be independently audited. The firm of Kern, DeWenter, Viere has been <br />appointed as our auditor last year as a result of our Request for Proposal for Auditing Services <br />(RFP). The intent was to appoint auditors for a minimum ofthree years. In the RFP we <br />requested proposing audit firms to provide pricing for three years. Their pricing for 2006 <br />matches their proposal. We are very satisfied with the work of Kern, DeWenter, Viere. <br /> <br />. Financial Impact: <br /> <br />Explanation: Kern DeWenter Viere is a highly qualified and very capable Certified Public <br />Accounting firm. Their firm has over 90 employees, including a full-time government audit <br />staff of26 professionals with offices in Minneapolis and St. Cloud. Kern DeWenter Viere is <br />actively involved with the Minnesota Government Finance Officers Association, Certificate <br />of Achievement for Excellence in Financial Reporting program, Minnesota Clerks and <br />Finance Officers Association, League of Minnesota Cities, Minnesota Association of School <br />Business Officials, and the Minnesota Society of CPA's. They have numerous city clients <br />within the Twin Cities metropolitan area. <br /> <br />Costs and Funding: $38,375 for the audit ofthe City's 2006 financial statements and <br />$2,375 for a single audit if required and necessary. The 2006 Budget appropriations are <br />adequate for this professional service. Upon approval, the agreement will be executed. <br /> <br />Afz;1L >ttdL ;?? <br /> <br />Dan Maiers <br />Finance Director: <br /> <br />. <br />