2009-08-26 Handouts @ Mtg. - Laserfiche WebLink

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1. The City of Centerville purchases all of its insurance through the League of Minnesota Cities Trust. As suggested by the League of Minnesota Cities Trust, the City of Centerville requested proposals for and hired an insurance agent of record to represent the City for a three-year period. An agent of record's duty is to process claims on the City's behalf as well as to assist with the insurance application. 2. The City received three bids for an insurance agent of record. The City Council accepted the proposal received from Paul Steffel, dated February 2, 2006, that stated that services would be provided for a flat rate of $700 per year. Proposals were not required to include offers of discounts on insurance to City of Centerville officials or employees. None of the proposals included any such offers or discounts. Disbursements made by the City to Paul Steffel for the period February 2006 through December 2008 were in accordance with the proposed rate. Based on our review, the process the City of Centerville followed to secure an insurance agent of record was appropriate. CONCLUSION We were not engaged to and did not perform an audit, the objective of which would be the expression of an opinion on specified elements, accounts, or items relating to the petitioners' concerns as identified in this report. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters may have come to our attention that we would have reported to you. This report has been prepared for the information of the petitioners of the City of Centerville, the Mayor and City Council, and the management of the City, but is a matter of public record, and its distribution is not limited. ~ A~Y~ GREG lllERLINGER. CPA - . - DEPUTY STATE AUDITOR REBECCA OTTO STATE AUDITOR April 14, 2009 Page 19 i L