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CONSENT G2 <br />2/25/04 <br />ITEM: Authorization to sign three year contract with Kern DeWenter Viere <br />for auditing services <br />SUBMITTED BY: Heather Worthington, City Administrator <br />REVIEWED BY: Roland Olson, Finance Director <br />EXPLANATION: <br />Summary: In January, 2004, the Finance Director, Roland Olson, requested proposals from area <br />CPA firms for the city's annual audit. Three proposals were considered, and the council was <br />advised of this search and outcome at the January 28, 2004 meeting. At that time, staff <br />recommended that the city contract with Kern DeWenter Viere for audit services for the next <br />three years. KDV has made such a proposal to the city for athree-year contract, commencing <br />with the 2003 audit, and the cost per year is outlined below: <br />2003: $14,500 <br />2004: $15,000 <br />• 2005: $15,500 <br />This pricing schedule was the most competitive proposal received. KDV has provided excellent <br />service to the city, and has two years of experience with the City in preparing GASB-34 <br />compliant statements. In addition, KDV has assisted the city in obtaining more than 10 straight <br />years of GFOA awards for Excellence in Financial Reporting. <br />ATTACHMENT: <br />• Letter and proposal dated February 6, 2004 on pages 3" <br />ACTION REQUESTED: <br />• Authorization to sign athree-year contract with KDV for audit services, commencing in <br />2003, and ending in 2005 <br />• <br />~a <br />