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F <br /> REQUEST FOR COUNCIL CONSIDERATION AgendaeportNumber: <br /> Section: 95.F <br /> 1111706Q Report Number: 95-1310C <br /> STAFF REPORT Report Date: 4-20-95 <br /> Council Action: <br /> W ❑ Special Order of Business <br /> CITY COUNCIL MEETING DATE April 24, 1995 ❑ Public Hearings <br /> ❑ Consent Agenda <br /> XII Council Business <br /> Item Description: Consideration of Contracting with Tautges, Redpath and Co. Ltd to Conduct <br /> a Single Audit at a Cost not to Exceed $2,500 <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report fr <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> The City received more than $25,000 in federal grants during 1994. The Single Audit Act of 1984 <br /> requires a compliance audit (known as a single audit) be conducted whenever more than $25,000 of <br /> federal assistance is received by a governmental unit. The audit is conducted to determine the City's <br /> compliance with the grant agreement and applicable laws and regulations. <br /> Tautges, Redpath& Co., LTD, our auditors, have proposed conducting this audit for a cost not to exceed <br /> $2,500. This item was not budgeted for as it was not known, at the time the budget was prepared, <br /> whether we would be successful in obtaining any grants. It is proposed that the City contract with <br /> Tautges, Redpath & Co., LTD to conduct a single audit for a cost not to exceed $2,500, and that a <br /> budget transfer of$2,500 be authorized from the Contingency Account, 100-4700-910, to Account 100- <br /> 4150-303, Finance, Financial Reporting & Auditing, Professional Services. <br /> N00440 alh.0.10.... <br /> jtECOMMENDATION; Donald Brager, Finance irector <br />