07-10-2000 CC - Laserfiche WebLink

Home Browse Search

Mounds View City Council June 12, 2000 Regular Meeting Page 14 Mr. Wischman stated there were some housekeeping items in the management letter, which could be addressed at this time. He indicated the audit process went very well, and the City was very accommodating. He extended his appreciation, on behalf of Kern, DeWenter, & Viere, for the opportunity to work with and for the City. He advised that they are required to test for compliance with Minnesota Statues on various aspects of the audit, and there were zero findings, therefore, the City is in legal compliance with regard to all of items they examined. Council Member Stigney inquired if the tax rate table reflected the 4 percent Franchise Fee that has been levied upon the residents. Finance Director Kessel advised that it did not include the Franchise Fee. MOTION/SECOND: Marty/Quick. To Accept the Comprehensive Annual Financial Report for the Year Ending December 31, 1999. Mayor Coughlin inquired if copies of this document would be made available for review after it has been accepted. Finance Director Kessel stated it would be available for review at no charge, and the fee for a copy of the document was $15. Council Member Quick advised that copies would also be available at the library. Ayes – 4 Nays – 0 Motion carried. D. Consider Authorizing the Mayor and Interim Clerk-Administrator to Sign a Three-year Extension for Auditing Services with Kern, DeWenter & Viere for the Years Ending December 31, 2000, 2001, and 2002. Finance Director Kessel stated three years ago, the City received a proposal from Kern, DeWenter & Viere, which was approximately 30 to 40 percent less than the firm the City had contracted with prior to that time. He explained that over the term of that three-year contract, prices have increase in the range of 2 to 4 percent. He stated staff has been very pleased with this firm’s work, which has been presented in a timely manner. He indicated that this item has not been discussed with the Council, however, in light of the opportunity for discussion with Steve Wischman of Kern, DeWenter, & Viere at this time, staff decided to place it on the Agenda for consideration at this time. Finance Director Kessel advised that Kern, DeWenter & Viere has submitted a proposal, which reflects an increase in the range of 5 to 8 percent. He indicated there have been some changes in the educational requirements for Certified Public Accountants, and in his understanding, this has resulted in an increase in fees in the range of 5 to 10 percent, therefore, this proposal appears to be within an acceptable range, and is still significantly less than the City was paying three years prior. He stated staff recommends the City approve a three-year extension for auditing services with Kern, DeWenter & Viere. Council Member Stigney inquired if the 5 to 8 percent increase would occur annually, or over the three-year contract period. Finance Director Kessel stated the increase would occur on an annual basis.