10-09-1985 Council Agenda - Laserfiche WebLink

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V. The Auditors shall provide the City with detailed statements as to the classifications and hours worked. Payments of the Auditor's fees shall be made by the City within thirty days after submittal of an itemized claim correctly showing the amount due the Auditors. Claims for payment will be submitted for payment upon completion of the interim audit; upon completion of the final field work; and, upon completion of the entire audit and submittal of the Annual Financial Report and the Auditor's Management Comments and Recommendations thereon. VI. If any circumstances disclosed by the audit and examination call for a more detailed investigation than would be necessary under ordinary circumstances, such circumstances will be called to the attention of the City authorities before pro- ceeding further with such investigation. If authorized to proceed further with an investigation in this area, compensation for these additional services shall be at the regular rates designated in this agreement. VII. The Auditors will expand the scope of the examination to comply with audit regulations as promulgated by the Single Audit Act of 1984 (P.L. 98 -502) if the City receives $100,000 or greater of federal aid during the year of audit. The audit scope will be expanded for compliance with said legislation unless the Auditors receive a written request to not expand the scope of the examination. Non - compliance with the Single Audit Act of 1984 will require disclosure in the Auditor's report and we will notify the City of potential sanctions for such non- compliance. 3 i