HomeMy WebLinkAboutAuditing Services Agreement 1976 DELAHUNT VOTO & CO.. LTD.
CERTIFIED PUBLIC ACCOUNTANTS
WHITE BEAR LAKE. MINNESOTA 55110
PHONE 426 -3263 P. O. BOX 8678
August 25, 1976
Mr. Ken Heuer, Treasurer
City of Oak Park Heights
6141 Panama Ave. No.
Stillwater, MN 55082
Dear Ken:
Pursuant to your request we are transmitting herewith two copies of an
agreement for auditing services between the City of Oak Park Heights and
our firm for the year ending December 31, 1976.
Upon the approval of this agreement by your council and execution, please
return one copy to our office and retain one copy for your files.
Your early consideration of this matter will assist us in confirming our
1976 audit schedule and would be greatly appreciated.
Very truly yours,
DE LA HUNT VOTO & CO., LTD.
eG°g
Robert J. Voto, CPA
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cc: Correspondence File
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
AGREEMENT FOR AUDITING SERVICES
TH IS AGREEMENT, dated th is /,3' day of by and
between the CITY OF OAK PARK HEIGHTS, hereinafter referred to as the "City ",
and the accounting firm of DE LA HUNT VOTO & CO., LTD., Certified Public
Accountants, a professional corporation hereinafter referred to as the "Auditors ",
WITNESSETH:
In consideration of their mutual covenants and agreements as herein-
after set forth the parties hereto contract and agree as follows:
1.
The Auditors agree to make a - limited general audit of the financial
transactions and records of the CITY OF OAK PARK HEIGHTS for the year ending
December 31, 1976. Such examination shall be conducted in accordance with the
minimum procedures for auditing prescribed by the Minnesota State Auditor
pursuant to the provisions of M.S.A. Section 6. The Auditor's report shall
contain the Auditor's opinion of the financial statements contained in said
report. The examination shall encompass the following items on a test basis:
1. System of internal control
2. Details of all the books of account, subsidiary
records and supporting documents as to:
(a) Legality
(b) Mathematical accuracy
(c) Propriety
(d) Completeness of all transactions
(e) Application of accepted
accounting principles
11.
If circumstances disclosed by the audit tali for a more detailed
investigation than would be necessary under ordinary circumstances, such
circumstances will be called to the attention of the City authorities before
proceeding further with the investigation. If authorized to proceed further
with the investigation in this area, compensation for the additional services
will be at the regular rates designated later in this agreement.
111.
The Auditors shall provide the City with /O copies of the
report and the comments on their examination containing specific comments and
recommendations with regard to the following:
(a) Non- conformity with procedure prescribed by statute.
(b) Conformity to accepted principles of municipal accounting.
(c) Defects in accounting plan and financial procedure that make
proper accounting and auditing difficult.
(d) Any failure of accounting department to make financial reports,
required or needed for administrative purposes.
The report shall be addressed to the common council of the City.
IV.
The City herewith engages the Auditors for the work hereinbefore
specified and agrees to pay the Auditors for such work or such portion thereof
as completed on the basis of:
Partner, Supervision and Review $25.00 Co Hour
Field and Staff Auditors:
Senior Auditors $20.00 @ Hour
Semi - Senior Auditors $17.00 @ Hour
Junior Auditors $14.00 �,@ Hour t S t a t i s t i c a l 1 Typing $ 8.00 C@ Hour
Charge Per Copy of
Financial Statements $10.00 C@ Each a
n �
V.
The Auditors shall provide the City with a detailed statement as
to the names of auditors, classifications and hours worked. Payment of the
Auditor's fees shall be made by the City within thirty days after submittal
of an itemized claim correctly showing the amount due the Auditors. Claims
for payment will be submitted for payment upon completion of the interim audit
and upon completion of the entire audit and submittal of the audit report.
IN WITNESS WHEREOF the parties hereto have hereunto set their hands
and seals as of the day and year first above written.
,
B -1
�
Clerk
(Seal)
DE LA HUNT VOTO & CO., LTD.
Certified Public Accountants
By
v� v
Robert J. Voo, Vice President