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(c) Defects in accounting policies and procedures that make accounting <br />and /or auditing time consuming and /or inefficient, <br />(d) Any failure of the accounting department to prepare and distribute <br />financial reports required or needed for administrative purpose. <br />(e) Any other information deemed appropriate of City Council <br />consideration, <br />3. <br />The 1980 Annual Financial Report of the City shall be prepared in accordance <br />with generally accepted accounting principles and the "Minimum Reporting Requirements - <br />City Financial Reporting" prepared and issued by the Office of the Minnesota State <br />Auditor. Should the City require assistance in preparing and compiling its financial <br />data and records to meet these requirements, the Auditors agree to assist the City <br />as required and as determined jointly by the Auditors and City Administration. <br />Fees for such services (if required) shall be billed on the basis of the hourly <br />rates contained herein, but shall be billed separate from audit fees. <br />4, <br />The City herewith engages the Auditors for the work hereinbefore specified <br />and agrees to pay the Auditors on the basis of: <br />Partner $50.00 @ Hour <br />Audit Supervisor /Manager $38,00 @ Hour <br />Staff Auditors: <br />Senior $28.00 @ Hour <br />Semi- Senior $22.00 @ Hour <br />Junior $18.00 @ Hour <br />Intern $16,00 @ Hour <br />Statistical Typists and <br />Report Processors $13.00 @ Hour <br />Charge per Copy of <br />Financial Statements $12,00 @ Copy <br />12 <br />