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13-en C--/A 61 10/24/11 Item 7. i Attachment B From: Chris Miller Sent: Friday, October 21, 2011 9:15 AM To: *RVCouncil Subject: 7.i attach FW: item 7.1 -audit services Dear Council, Per the Mayor's request(see email below), here is some supplemental information regarding the agenda item on a new audit services contract. The 201 1 Budget for audit services was $39,000. The actual cost was $45,125. The cost was higher than expected due to the unplanned capture of federal funding to purchase the Police Department's Bearcat vehicle. This put the City over a specific dollar threshold that triggers what is called a Federal Single Audit. The Auditors had to perform additional auditing procedures at a cost of about $6,000 as a result. As noted in the RCA, the City received 5 bids. The bids for the 3-year contract period ranged from $93,180 to $114.200. The Bids were as follows: $93,180 KDV $94,081 Abdo, Abdo. & Eick. $100,500 MMKR $106,275 Larson Allen $114.200 HLB Tautges The 2012 Budget for audit services is $40,000. KDV's bid was $30,400 exclusive of any potential single audit requirements—which could drive the price to approximately$36,000 - $37,000. The bids came in a few thousand dollars less than expected. Primarily because there is not any significantly new auditing requirements that are expected during the next few years. This is in contrast to the previous 3 years in which numerous auditing changes were taking place in the industry, which increased the eventual cost of the audit. Let me know if you have any further questions. Thanks. Christopher K. Miller Finance Director City of Roseville, MN 55113 651-792-7031 From: Bill Malinen Sent:Thursday, October 20, 2011 3:46 PM To: Chris Miller Subject: Fwd: item 7.1 -audit services Please address. Thanks. Sent from my iPhone Begin forwarded message: 1