HomeMy WebLinkAboutAuditing Services Agreement 1973 DELAHUNT VOTO & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
WHITE BEAR LAKE, MINNESOTA 55110
PHONE 426.3263 310 WASHINGTON AVENUE
May 30, 1973
To the Honorable Mayor and Members of
the Village Council
Village 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 Village of Oak Park Heights
and our firm for the year ending December 31, 1973.
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
1973 audit schedule and would be greatly appreciated.
Kindest personal regards,
DE LA HUNT VOTO & CO., LTD.
Ronald J. De La Hunt, CPA
RJD /mr
enc /2
cc: Reading File
Correspondence File
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
AGREEMENT FOR AUDITING SERVICES
THIS AGREEMENT, dated this day of 1973
by and between the Village of Oak Park Heights, hereinafter referred to as
"The Village" and the accounting firm of DE LA HUNT VOTO & CO., LTD., Certified
Public Accountants, a professional corporation, hereinafter referred to as the
"Auditors ", WITNESSETH:
I .
The Auditors agree to make a limited general audit of the financial
transactions and records of the Village for the year ended December 31, 1973.
Such examination shall be conducted in accordance with the 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 cir-
cumstances will be called to the attention of the Village 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.
III.
The Auditors shall provide the Village with seven 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 Village.
IV.
The Village 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:
Senior Auditors $18.00 @ Hour
Semi - Senior Auditors 15.00 @ Hour
Junior Auditors 13.00 @ Hour
Statistical Typing r 7.00 C@ Hour
The Auditors shall provide the Village with a detailed statement
as to the names of auditors, classifications and hours worked. Payment of the
Auditors' fees shall be made by the Village 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.
B
Y
(May9t
42 � (Clerk
(Seal)
DE LA HUNT VOTO & CO., LTD.
Certified Public Accountants
B y
Ronald J.4)e La Hunt, CPA