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Motion carried. Voting Yes: Councilmembers Beyer, Beahen, Peterson and Zimmerman. Voting <br />No: None. Absent: Mayor Hardin. <br /> <br />Case #4: Schedule Staff/Council Finance Committee Work Session(s) on the <br /> Proposed 1997/1998 General fund Operating Budget <br /> <br />Finance Officer Hart stated that the week of August 5 ~ 9 had been originally adopted in the budget <br />calendar for the work sessions between staff and the Council Finance Committee. It is anticipated <br />that we will need about 6 to 8 hours to complete a detailed review of the requests and discuss <br />potential revisions. Staff is recommending two meetings, scheduled as follows: Monday, August <br />5 - 5:00 to 8:00 and Thursday, August 8 - 5:00 to 8:00. <br /> <br />Motion by Councilmember Beahen and seconded by Councilmember Beyer to schedule the budget <br />work sessions for Monday, August 5, 1996 (5:00 - 8:00 p.m.) and Thursday, August 8, 1996 <br />(5:00 - 8:00 p.m.) <br /> <br />Motion carried. Voting Yes: Councilmembers Beahen, Beyer, Peterson and Zimmerman. Voting <br />No: None. Absent: Mayor Hardin. <br /> <br />Case #5: Authorize Requests for Proposals for Auditing Services <br /> <br />Finance Officer Hart stated that the City has had the audit firm of Malloy, Montague, Karnowski, <br />Radosevich & Co., since 1990. Prior to that, Ken Malloy of MMKR was associated with the audit <br />through the finn of Pannell Kerr Forster. Over the past three years, the City has been able to cut <br />its costs for auditing services by preparing the majority of the working papers and schedules as <br />well as the entire comprehensive annual financial report. On the other hand, legal requirements <br />such as the Single Audit Act and compliance reporting, have caused additional increases. During <br />the past years, auditing services have been awarded to MMKR late in the years, for just that year, <br />without consideration being given to what the market may have to offer. In order to "see what's <br />out there" for auditing services for local governments, we are requesting that requests for <br />proposals be sent to a number of auditing firms that offer services to local governments. We will <br />be looking for at lest a three-year commitment with established not-to-exceed amounts for the audit <br />and set hourly rates for "other" services throughout the year. We will also be looking for the little <br />"extras" offered, such as enhanced management reports and Certificate compliance review. <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Beahen to recommend City <br />Council authorize the Finance Officer to prepare and distribute Requests for Proposals for Auditing <br />Services for a three-year commitment beginning with the audit for fiscal year 1996. <br /> <br />Motion carried. Voting Yes: Councilmembers Beyer, Beahen, ?eterson and Zimmerman. Voting <br />No: None. Absent: Mayor Hardin. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Beahen and seconded by Councilmember Beyer to adjourn the meeting. <br /> <br />Motion carried. Voting Yes: Councilemmbers Beahen, Beyer, Peterson and Zimmerman. Voting <br />No: None. Absent: Mayor Hardin. <br /> <br />Finance Committee/July 23, 1996 <br /> Page 3 of 4 <br /> <br /> <br />