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I <br />REQUEST FOR COUN'C IL, ACTION Date: 11113/90 <br />Item No,,: 7--3 <br />Department Approval: <br />1 /0 <br />FA-doillM®R <br />a <br />Item DescrIptioLon. Proposals for Outside Auditors <br />Background <br />Reports and <br />1 10 <br />As part of the F iscal Pol, ic ies adopted by the City Counc *11 in th <br />A. <br />19910 budgeti the City is to secure new, outside auditor proposal <br />every three years., The new three year period is 1990 throug <br />1992, and new, proposals have been received, <br />A, review committee made up of the Assistant City Manager, Admin- <br />iBtrative Assistant,j Assistant Finance Director, and Finance <br />Di.rector received and reviewed the submJ-tted proposals. <br />Eight proposals were received with the not to exceed costs fo <br />the three year period ranging from $61,575 to $37,325, (Se <br />Schedule A Attached) <br />Three f irms were selected for interview by the committee on the <br />A <br />basis of their, proposals which Included costs, experience, and <br />staff. All three f irm,s 'were of highest, quality and would provide <br />4P <br />excellent services to the City. <br />-11 jTz4-;r* F. <br />� I <br />Upon a revi" ew, of all f iaict,ors, staf f i s recommending the lowest <br />cost proposial olf $37,3I25i, submitted by Eidej Helmeke & Co. b(t <br />accepted, i. <br />140,11 J",, �14 10 FW-5WWe-7k Nzi 6".1011 <br />Motion accepting\re"ectiong the proposal of Eide, Heimeke & Co. tv <br />.&. 3 <br />be the City,s outside auditor for the fioscal years of 1990, 1991, <br />and 1,992 0 <br />