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11587.3(47) <br />r <br />TO: Mark Bernhardson, City Administrator <br />R f <br />FROM: Tom Kuehn, Finance Director <br />DATE: November 4, 1988 <br />SUBJECT: Appoint Auditor for Fiscal Year 1988 <br />We have requested cost estimates from the audit firm of Pannell <br />Kerr Forster for performing the 1988 fiscal year audits. They <br />have submitted a total estimate of $14,000, excluding direct <br />expenses and excluding any additional expenses incurred as a <br />result of application to the Certificate of Achievement for <br />excellence in financial reporting. This compares with an actual <br />cost for the 1987 audits of $12,735 plus $751 for direct <br />expenses. The 1988 FY cost estimates are: <br />a. Annual audit for the City $12,200 <br />b. Single audit covering federal programs 750 <br />c. Minnesota legal compliance audit 1,050 <br />TOTAL <br />$14,000 <br />We have budgeted $14,110 in 1989 for the 1988 audits, plus $3,260 <br />for the Certificate of Achievement costs. <br />RECOMMENDATION - It is requested that Council approve the <br />appointment of the audit firm of Pannell Kerr Forster, C.P.A.'s <br />to perform the required audits of the 1988 fiscal year records. <br />TO: Mayor and City Council <br />FROM: Mark Bernhardson, City Administrat <br />Forwarded recommending approval. <br />PROPOSED MOTION - Moved by , seconded by _, to appoint the <br />audit firm of Pannell Kerr Forster to perform the required audits <br />for the 1988 fiscal year at an estimated cost of $14,000 plus <br />direct expenses. Ayes _, Nays _ <br />