HomeMy WebLinkAboutAuditing Services Agreement 1974 DELAI-...INT VOTO & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
WHITE BEAR LAKE, MINNESOTA 55110
PHONE 426 -3263 P. O. BOX 8678
March 22, 1974
To the Honorable Mayor and Members
of the City Council
City of Oak Park Heights
Route #1
Stillwater, Minnesota
Gentlemen:
In accordance with our policy, 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, 1974.
Upon approval of this agreement by your Council, please date and execute
the contract. Also, please indicate the number of copies of the financial
statements desired Article III of the contract. 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
1974 audit schedule and would be greatly appreciated.
Kindest personal regards,
DE LA HUNT VOTO & CO., LTD.
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Ronald J. a La Hunt, CPA
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cc- Correspondence File
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MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
AGREEMENT FOR AUDITING SERVICES
THIS AGREEMENT, dated this day of �41 1974
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:
1.
The Auditors agree to make a limited qeneral audit of the financial
transactions and records of the City for the year ended December 31, 1974. Such
examination shall be conducted in accordance with minimum procedures for
auditing prescribed by the Minnesota Public Examiner pursuant to the provisions
of M.S.A. Section 215.32. 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 municipal accounting
principles
II.
If circumstances disclosed by the audit call 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 ser-
vices will be at the regular rates designated later in this agreement.
III.
The Auditors shall provide the City with _$ 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 bases of:
Senior Auditors $18.00 @ Hour
Semi- Senior Auditors 15.00 @ Hour
Junior Auditors 13.00 @ Hour
Statistical Typing 7.00 @ Hour
Charge Per Copy of
Financial Statements 10.00 @ Each
The Auditors shall provide the City with a detailed statement as to
the names of auditors, classifications and hours worked. Payment of the
Auditors' 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 the'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.
By
4r (Mayor
(Clerk)
(Sea])
DE LA HUNT VOTO & CO. , LTD.
Certified Public Accountants
By
Ronald J. De. La Hunt, CPA