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Pros & Cons of Staying with MMKR <br />Pros: <br />Cons: <br />o Proposal that was submitted was competitive with other firms. <br />o Knowledge of City: COR Purchase, RALF property purchases, EDA, and HRA. Additional <br />staff time will be required to bring other firms up -to -date. <br />o Staff familiarity of what audit firm requires for workpapers <br />2010 was first year full year for Sr Acct. to complete majority of audit workpapers <br />o Worked with city on current GASB 54 Implementation <br />o Respond to city's inquiries in a timely manner: Via phone & one -on -one meeting <br />o Have never charged us for additional services. With change in finance staff and city <br />purchasing the COR, there were more questions asked of firm <br />o City has achieved the Certificate of Achievement in Reporting for the last 16 years <br />MMKR oversaw all reports submitted for this achievement <br />• The perception that longevity breeds complacency. <br />• New firm could bring a new perspective <br />