01-25-1993 CC - Laserfiche WebLink

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,7..., Agenda Section: 8.A nior MHOS REQUEST FOR COUNCIL CONSIDERATION Report Number: 93_6 h 1 r. Report Date: 1-21-93 ENSTAFF REPORT Council Action: 0 Special Order of Business CITY COUNCIL MEETING DATE January 25, 1993 0 Public Hearings KJ Consent Agenda ❑ Council Business Item Description: Approve Contract for a SIngle Audit with Tautges, Redpath, and Company, Ltd. , at a Cost Not to Exceed $1,900 and Authorize a Transfer of $1,900 from Ce i- s.rtry *a-11.rreu11.ty100-4150-343 Administrator's Review/Recommendation: L�" - No comments to supplement this report - Comments attached. Explanation/Summary (attach supplement sheets as necessary.) SUMMARY; During 1992 the City received two CDBG grants from Ramsey County. The amounts of the grants are greater than $25, 000. CDBG grants are a form of federal aid. As a consequence of receiving more than $25, 000 of federal aid the City is subject to provisions of the Single Audit Act of 1984 which require a single audit of City records to determine compliance with applicable laws and regulations regarding the expenditure of CDBG grant monies. The CDBG grant agreements specify that the cost of the Single Audit is the responsibility of the City. I have received a proposal from Tautges Redpath & Co. , LTD, the City's auditing firm, to perform the Single Audit for a fee not to exceed $1, 900. I recommend Council accept the proposal. This audit was not a budgeted item, therefore, I request a budget transfer from the contingency account of $1, 900 to account 100-4150-303 Finance,Professional Services to cover the cost of the Single Audit. ‘D3 -0-) 7k 1.-I/• .&...r- ,./• `--- Don Brager, Fina e Director-Treasurer RECOMMENDATION: 1) Accept the proposal of Tautges, Redpath & Co.,LTD to perform a Single Audit at a cost not to exceed $1,900. 2) Authorize a budget transfer from the contingency account of $1,900 to account 100-4150-303 Finance,Professional Services to cover the cost of the Single Audit.