11-13-1996 Council Agenda - Laserfiche WebLink

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October 11, 1996 Joel Hanson City Clerk- Treasurer City of Little Canada 515 Little Canada Road Little Canada, MN 55117 Dear Joel: TAUTGES, REDPATH i :? T RECEIVED pCi 1 5 AO Enclosed are two copies of our standard Agreement for Auditing /Accounting Services for the year ending December 31, 1996. The contract is similar to last year's contract. Section I of the agreement defines the scope of services to be provided. The scope of services include the following: • Financial audit • State legal compliance audit • Preparation of the Annual Financial Report • Management letter Section IV of the agreement relates to our fees. The fee for 1995 was $17,000. For the 1996 audit, we commit to the $17,000 fee in accordance with our three year proposal approved at the December 20, 1995 City Council meeting. This fee is based on the anticipated cooperation from City personnel and the assumption that unexpected circumstance will not be encountered. Section VII relates to the Federal Single Audit Act of 1984. The federal law requires that the City have an Annual Federal Compliance Audit if the City receives greater than $100,000 of federal grants or aids per year. The City may elect to have individual program audits or a Federal Single Audit if federal aid exceeds $25,000 and does not exceed $100,000. 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. 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 1996/1997 audit schedule and will be greatly appreciated. If you have any questions, please don't hesitate to call. Sincerely, TAUTGES, REDPATH & CO., LTD. David J. Mol, CPA 4810 White Bear Peet• Page 21 .eto Bear Lase. Minnesota.: 110 ^ "o ra.t<