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<br /> I .. <br /> , CITY OF ARDEN HILLS <br /> .. <br /> MEMORANDUM <br /> I <br /> I DATE: August 21, 1995 <br /> I TO: Brian Fritsinger, City Administrator <br /> FROM:@rerrance Post, City Accountant <br /> I SUBJECT: External Audit Engagement Letter <br /> I The City of Arden Hills has recently received an August 14, 1995 engagement letter from Abdo <br /> Abdo & Eick, Certified Public Accountants. The letter outlines the scope of services they <br /> I propose for the December 31, 1995 year-end audit examination. <br /> The fee they propose for providing these services is $7,995. This proposed fee compares <br /> I favorably with the 1994 fee of $7,795 (i.e., a 2.6% fee increase). The preliminary 1996 budget <br /> assumed an audit fee of$7,500. The additional $500 required will be assigned in a later budget <br /> it iteration equally between the General, Water, and Sanitary Sewer Funds at no overall increase in <br /> all-fund expenditures. <br /> I Recommendation <br /> Council should consider directing staff to execute the audit engagement letter with Abdo Abdo& <br /> Eick under consent at the August 28, 1995 City Council meeting. <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> Ie <br /> I <br />