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December 20, 1995
<br />Page 3
<br />(continued)
<br />Gas -N -Go Inc., 2640 Rice St.
<br />Hardee's, 2300 Rice St.
<br />Hardee's, 3354 Rice St.
<br />Rapid Oil Change, 2680 Rice St.
<br />Freeway Land Company, 223 Little Canada Rd.
<br />Taco John's, 3338 Rice St.
<br />Tom Thumb, 2756 Lake Shore Ave.
<br />Venetian Inn, 2814 Rice St.
<br />McDonald's Restaurant, 2260 Rice St.
<br />Little Canada Unocal 76, 35E & Little Canada Rd.
<br />Harold's Shoe Repair, 2826 Rice St.
<br />Groundskeeper Landscape Supplies & Construction, 3101 Country Dr.
<br />Poolside, 121 E. County Road C
<br />Sunsations of Little Canada, 80 Minnesota Ave.
<br />Gordie's Place, 201 E. Little Canada Rd.
<br />Food -N -Fuel, Inc., 2650 Rice St.
<br />Champion Auto Stores, 2940 Rice St.
<br />Lenfer Transmissions, 75 E. Little Canada Rd.
<br />Fina Oil, 2250 Rice St.
<br />Rice Pet Clinic & Hospital PA, 111 W. County Road C
<br />I have visited with Joel Hanson over the last six years regarding the audit. When I learned what
<br />Little Canada paid for the audit and accounting services in 1990, I was surprised and suggested
<br />that something be done about getting the records in order so the City would have internally
<br />prepared financial statements. The fees were as follows:
<br />Tautges Redpath Company Ltd. - White Bear
<br />Actual and 1995 Proposed Fees
<br />Audit Acctg. Svcs. Special Projects Total
<br />Olsen, Thielen & Co. Ltd.
<br />Proposed Audit Fees
<br />1995 $ 17,000 $ 2,000* $ $ 19,000 $ 15,500
<br />1994 21,000 3,138 141 24,279 15,000
<br />1993 21,000 7,602 2,324 30,926 15,000
<br />1992 25,000 9,340 6,325 40,665 8,000 to $ 12,000
<br />1991 23,917 8,243 5,475 37,635 8,000 to 12,000
<br />1990 23,917 10,036 8,897 42,850 8,000 to 12,000
<br />1989 18,202 9,787 9,663 37,652
<br />TOTAL $ 150,036 $ 50,146 $ 32,825 $ 233,007
<br />* City of Little Canada staff estimate.
<br />I was told the 1989 fee was high because the City's records were in bad shape and the accounting
<br />firm had to do the bookkeeping before they could do the audit. The City did not want to change
<br />auditors because the new administrator needed time to get a handle on the City's total needs and had
<br />to rely on the auditing firm to do the bookkeeping, even though the City had a full-time accountant.
<br />Based on our fees plus Tautges' special projects fees it appears that the City has paid out $77,530 for
<br />accounting fees during 1990 - 1994 that should not have been necessary.
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