10-12-1988 Council Agenda - Laserfiche WebLink

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VOTO, TAUTGES, REDPATH & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS Birch Lake Professional Building • 1310 E. Hwy.-96 • White Bear Lake, MN 55110 • Phone 426 -3263 September 26, 1988 Joseph Chlebeck, City Clerk City of Little Canada 515 Little Canada Road St. Paul, MN 55117 Dear Joe: ROBERT I. VOTO, CPA ROBERT G. TAUTGES, CPA TAMES 5. REDPATH, CPA Enclosed are two copies of our standard Agreement for Auditing /Accounting Services for 1988/1989. This contract is similar to last year's contract except for rate changes necessitated by general economic factors. Rates have increased an average of 5 %. Similar to last year's contract, Section VII relates to the Federal Single Audit Act of 1984. In general, this new Federal law requires an Annual Federal Compliance Audit if your City receives more than $100,000 in Federal money per year. Our review of your 1987 Annual Financial Report indicates that your City does not receive this level of Federal money and you will not require this expanded audit. If this is not true for 1988 or if this situation changes, please advise our office accordingly so that we may plan for such an expanded scope. 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 1988/1989 audit schedule and will be greatly appreciated. If you have any questions, please don't hesitate to call. Very truly yours, VOTO, TAUTGES, REDPATH & CO., LTD. Robert J. Voto, CPA RJV /smp enc /2 cc: Correspondence File MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • PRIVATE COMPANIES PRACTICE SECTION MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS GOVERNMENT FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS Page 60