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I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />III. <br /> <br />REQUEST FOR PROFESSIONAL AUDIT SERVICES <br /> CITY OF RAMSEY, MINNESOTA <br /> <br />C. Accounting System <br /> <br />Most revenue and expenditure transactions are accounted for on a <br />modified cash basis during the year. At year-end, adjustments are made to <br />adjust all Governmental and Agency funds to a modified accrual basis and <br />to convert Enterprise funds to a full accrual basis. <br /> <br />General ledger, accounts payable, payroll and fixed assets are maintained <br />on the FundWorksTM governmental financial management system. Utility <br />billing and related services are provided through Anoka Electric <br />Cooperative through a joint powers agreement. <br /> <br />3. The estimated annual number of accounting transactions are. as follows: <br /> <br />3,500 Receipts <br />3,500 Accounts Payable Checks <br />1,700 Payroll Checks <br /> <br />4. Ramsey has the following fund types with the number of each listed: <br /> <br />General Fund 1 <br />Special Revenue Funds 14 <br />Debt Service Funds 13 <br />Capital Project Funds 16 <br />Enterprise Funds 4 <br />Trust and Agency Funds 6 <br />Account Groups 2 <br /> <br />o <br /> <br />The fee for the audit of the City and single audit was $I4,045 for fiscal <br />1995. The fee for the Fire Fighter's Relief Association was $1,265 <br />[defined contribution with less than $200,000 in assets]. <br /> <br />PERFORM, A. NCE STANDARDS <br /> <br />A. General Audit Requirements <br /> <br />Financial and compliance audits of all funds and account groups for fiscal <br />year ended December 31, 1996 with extensions for 1997 and 1998. City <br />staff will prepare the majority of the year-end work papers and draft copies <br />of the financial statements, schedules and tables of the report. <br /> <br /> <br />