HomeMy WebLinkAbout(1994, 01/24) - F-15 - Adopted again - combing A-14 and F-15 into F-15ANNUAL AUDIT
PURPOSE:
F -15
To establish City policy regarding contracting for annual audit services from an
external accounting firm.
POLICY:
Consistent with the practices of other cities, as well as larger corporations in the
private sector, the City Council retains the services of an external accounting
firm to audit the City's financial procedures and records on an annual basis. The
primary staff point of contact for this contract and the day to day work done by
the auditors is the Finance Director, but the auditors will have direct access to
the City Manager or City Council" on any matters they deem appropriate.
After soliciting and receiving written proposals from interested accounting
firms, the City will normalli award an audit contract for a three year period.
The audit contract may be renewed for an additional three year period, without
going through a new invitation for bid procedure, with the same firm, if the City
Council is satisfied with the performance of the auditors and authorizes the
extension. Only one such extension is authorized without going through formal
bid procedure.
Adopted - January 24, 1994
Formerly A -14