Agenda Packets - 1982/11/08 - Laserfiche WebLink

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%,,&1\_T7 TO: Mayor & City Council FROM: Finance Director -Treasurer Brager DATE: November 10, 1982 RE: PROPOSALS FOR 1982 AUDIT Pursuant to Council direction I have obtained proposals from four C.P.A. firms for conducting the 1982 audit. Proposals were solicited from local firms only. Past experience has indicated that the rates charged by nationally known firms are substantially more than those of local firms and I did not sense that the Council wished to increase audit costs substantially at this time. Firms that proposals were received from are briefly described in the following paragraphs. A summary of their proposals is contained in later paragraphs. DeLaflunt, veto & Company, Ltd. is located at 1310 East Highway 96, White Bear Lake, Minnesota. Half of the firms fifteen staff members specialize in governmental audits. The firm currently audits fifteen cities, the majority of which are located in Ramsey and Dakota counties. All of the members of our data processing organization, the Ramsey County Consortium of Municipalities (RCCM), are presently audited by this firm. The George M. Hansen Company is located at Wayzata Boulevard and Highway 100, St. Louis Park, Minnesota. This firm specializes in the audit of governmental units. The firm currently audits twenty two cities, the majority of which are located in Anoka and Hennepin counties. Prior to the 1981 audit the George M. Hansen Company had been the City's auditors for over fifteen years. The firm of Anfinson, Hendrickson and Company is located at 5353 Wayzata Boulevard, St. Louis Park; Minnesota. The firm specializes in the audit of governmental units. The firm currently audits nine cities in the metro area. The firm of Wilkerson, Guthmann, and Johnson, Ltd. is located in the Northwestern Bank Building, St. Paul, Minnesota. It is an established local firm which is seeking to expand its operations to include governmental audits. In order to do so the firm hired a former employee of the Municipal Audit Section of the State Auditor's Office. The firm's only municipal client is the City of Eagan. The Finance Department feels that it is beneficial to both the City and the auditing firm to establish a continuing relationship. From the City's standpoint a continuing relationship is important because of quality of audit and cost-effectiveness. The quality of the audit will generally improve after the first year's audit due to the firm's familiarity with the City's accounting procedures and policies. During the first year with a new client, quite a bit of time is spent reviewing the City's policies, ordinances, and resolutions. This is time consuming and costly for both the auditor