12-17-2002 Council Agenda - Laserfiche WebLink

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Taft es Redpath, Ltd. Certified Public Accountants and Consultants October 8, 2002 Joel Hanson, City Administrator City of Little Canada 515 Little Canada Road Little Canada, MN 55117 Dear Joel: Enclosed are two copies of our standard Agreement for Auditing /Accounting Services for the year ending December 31, 2002. This contract is similar to last years contract. The scope of our services include the following: • Financial audit of the City • State of Minnesota Legal Compliance Audit • Preparation of the Annual Financial Report • Management Letter Federal law requires that the City have an Annual Federal Compliance Audit if the City expends $300,000 or more of federal grants or aids per year. Please advise our office of your expected level of federal aid so that we may plan for an expanded scope of audit as may be required. For the 2002 audit, we estimate our fee to be $19,200, which is a 2% percent increase over last years fee of $18,800. This fee is based on anticipated cooperation from City personnel and the assumption that unexpected circumstances will not be encountered. If significant additional time is necessary, we will discuss it with you before we incur additional costs. Upon the approval of this agreement by your Council and execution, please return one copy to our office and retain the other copy for your files. Your early consideration of this contract will assist us in preparing our 2002/2003 audit schedule and will be greatly appreciated. If you have any questions, please don't hesitate to call. Sincerely, I-ILB TAUTGES REDPATH, LTD. Mark C. Gibbs, CPA Enclosure 4010 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004 HI.B bugles Redpah. IN. Is a member uf 11➢8 LNnmanonal A worldberide nr9omeanon of accoununp firms and business advisers.