2007 08-21 CCP - Laserfiche WebLink

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CITY OF GEM LAKE REQUEST FOR PROPOSAL I. GENERAL INFORMATION The City of St. Gem Lake is requesting proposals from qualified firms of certified public accountants to audit its financial statements for the fiscal year ending December 31, 2007, with the option of auditing its financial statement for each of the four subsequent fiscal years. These audits are to be performed in accordance with the generally accepted auditing standards and the standards for financial audits set forth in the U.S. General Accounting Office's (GAO) Government Auditing Standards (1988) and State Legal Compliance audit requirements. There is no expressed or implied obligation for the City of Gem Lake to reimburse responding forms for any expenses incurred in preparing proposals in response to this request. To be considered, six copies of a proposal must be received by Bill Short, City Clerk, at White Bear Township offices by 4:00 PM, September 5, 2007. The City of Gem Lake reserves the right to reject any or all proposals submitted. The City of Gem Lake reserves the right, where it may serve the City's best interest, to request additional information or clarifications from the proposers, or to allow corrections of errors or omissions. At the discretion of the City, firms submitting proposals may be requested to make oral presentations as part of the evaluation process. The City of Gem Lake reserves the right to retain all proposals submitted and to use any ideas in a proposal regardless of whether that proposal is selected. Submission of a proposal indicates acceptance by the firm of the conditions contained in this request for proposals, unless clearly and specifically noted in the proposal submitted and confirmed in the contract between the City of Gem Lake and the firm selected. A. Term of Engagement A five-year contract is contemplated, subject to the annual review by the Gem Lake City Council and the annual availability of an appropriation. B. Subcontracting No subcontracting will be allowed without the express prior written consent of the City of Gem Lake. II. NATURE OF SERVICES REQUIRED A. General The City of Gem Lake is soliciting the services of qualified firms of certified public accountants to audit its financial statements for the fiscal year ending December 31, 2007, with the option to audit the City's financial statements for each of the four subsequent fiscal years. The audit is to be performed in accordance with the provisions contained in this request for proposal. B. Scope of Work to be Performed The City of Gem Lake desires the auditor to express an opinion on the fair presentation of its general purpose financial statements in conformity with generally accepted accounting principles. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board (GASB) as mandated by generally accepted auditing standards. 3