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REQUEST FOR COTJ CIL CONSIDERATION Agenda Sec oa: 8.J <br /> 3 <br /> -'• epor:Nii,--;,er. 94-1374C <br /> ST REPORT Report Date: 11-10-94 <br /> .ni <br /> s:: Gourd Acton: <br /> November 14, 1994 C Special Order of 3usires <br /> CITY COITNCU,YIEZETZIG DATE r' Public Hearings <br /> DE Consent Agenda <br /> . Council].Business <br /> Itern Description: Consideration of Awaring COntract for Auditing Services for 1994-1996 <br /> Administrators 3eviewiRecommendation: <br /> - No comments to supplement this report IA/ �A ` <br /> - Comments attached. ( <br /> Explanation/Summary (attach suopietnent sheets as necessary.) <br /> 5TTMM A Ry; <br /> Pursuant to Council's request I contacted David Mol of Tautges, Redpath & Co., LTD, regarding the <br /> firm's proposal for 1994 - 1996 Auditing Services. Mr. Mol stated that the proposal for the 1994 <br /> Financial Audit was based upon the following factors: <br /> 1) Cost of 1993 financial audit($18,400 x 103%) $18,950 <br /> Additional fee for golf course operations 600 <br /> Total financial audit $19,550 <br /> 2) Cost of 1993 legal compliance audit $750 <br /> Total proposed costs of auditing services $20,350 <br /> • <br /> I informed Mr. Mol that only golf course construction was taking place in 1994 and that the course is <br /> projected to be open for play in July 1995. We then had a discussion of planned golf course operations <br /> and possible effects upon the financial audit. The result is a revised proposal for auditing services(copy <br /> attached). <br /> A summary of the revised proposal is presented below. <br /> Revised Proposal For Auditing Services <br /> Year Financial Percent Legal Percent Total Percent <br /> Audit Change Compliance Change Change <br /> Audit <br /> 1994 $18,950 3% $750 3% $19,700 3% <br /> 1995 $19,900 5% $775 3% $20,675 5% <br /> 1996 $20,500 3% $800 3% $21,300 3% <br />