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10/24/11
<br />Item 7.i
<br />From: Chris Miller
<br />Sent: Friday, October 21, 2011 9:15 AM
<br />To: *RVCouncil
<br />Subject: 7.i attach FW: item 7.1 - audit services
<br />Dear Council,
<br />Per the Mayor's, request (see email below), here is some supplemental information regarding the agenda item on
<br />anew audit services, contract.
<br />The 2011 Budget for audit services, was, $39,000. The actual cost was, $45,125. The cost was, higher than
<br />expected due to the unplanned capture of federal funding to purchase the Police Department's, Bearcat vehicle.
<br />This put the City over a specific dollar threshold that triggers, what is called a Federal Single Audit. The
<br />Auditors, had to perform additional auditing procedures, at a cost of about $6,000 as a result.
<br />As noted in the RCA, the City received 5 bids,. The bids, for the 3-year contract period ranged from $93,180 to
<br />$114,200. The Bids, were as follows:
<br />$931180
<br />KDV
<br />$941081
<br />Abdo, Abdo, & Eick.
<br />$1001500
<br />MMKR
<br />$1061275
<br />Larson Allen
<br />$1141200
<br />HL B Taut es
<br />The 2012 Budget for audit services, is $40,000. KDV's, bid was, $30,400 exclusive of any potential single audit
<br />requirements, — which could drive the price to approximately $36,000 $37,000. The bids, came in a few
<br />thousand dollars, less, than expected. Primarily because there is not any significantly new auditing requirements,
<br />that are expected during the next few years,. This is in contrast to the previous, 3 years, in which numerous,
<br />auditing changes, were taking place in the industry, which increased the eventual cost of the audit.
<br />Let me know if you, have any further questions,.
<br />Thanks,.
<br />Chri*stopher K. Miffier
<br />Fi*nance Di*rector
<br />CI*ty of Roseviffle, MN 55113
<br />651-792-7031
<br />Farm: Bill Ma�linen
<br />Sent: T'hursd�a�y, October 20, 20113:46 P,M
<br />To: Chris Miller
<br />Subjiect: Fwd : item 7'.1, audit services
<br />Please address. Thanks.
<br />Sent from my Whone
<br />I
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