HomeMy WebLinkAboutAGENDA REPORT 1986 0616 CC REG ITEM 10JJAMES D. WEAK
Mayor
THOMAS C. FERGUSON
Mayor Pro Tern
ALBERT PRIETO
Councilmember
DANNY A. WOOLARD
Councilmember
LETA YANCY- SUTTON
Councilmember
DORIS D. BANKUS
City Clerk
THOMAS P. GENOVESE
City Treasurer
TO:
FROM:
DATE:
SUBJECT:
MOORPARK ITEM IOS
MEMORANDUM
The Honorable City Council
Steven Kueny, City Manager
June 12, 1986
Agreement For Auditing/ Financial Services
STEVEN KUENY
City Manager
CHERYL J. KANE
City Attorney
RICHARD MORTON
Director of
Community
Development
R. DENNIS DELZEIT
City Engineer
JOHN V. GILLESPIE
Chief of Poiice
Attached is the letter of proposal from Arthur Young to perform an audit
and provide combined financial statements for the 1985 -86 Fiscal Year. The
amount for this service is not to exceed $3,300.00 and is consistent with
their original proposal to the City received prior to their audit services
provided for the 1983 -84 Fiscal Year.
In addition, related services will be needed to assist in closing the City's
books and preparation of the annual Gas Tax and Controller's reports for
submission to the State. The proposed 1986 -87 budget includes funds
for both purposes.
Recommendation:
Authorize the City Manager to accept the attached proposal for auditing
services in an amount not to exceed $3,300.00.
MOORPARK, CALIFORNIA
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By
799 Moorpark Avenue Moorpark, California 93021
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(805) 529 -6874
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hink A MEMBER OF ARTHUR YOUNG INTERNATIONAL
Arthur Young
May 15, 1986
Mr. Steven Kueny
City Manager
Moorpark
Post Office Box 701
Moorpark, California 93021
Dear Mr. Kueny:
433 North Camden Drive
P.O. Box 5553
Beverly Hills, California 90210
Telephone: (213) 278 -9600 or 272 -0965
This letter confirms our relationship as certified public accountants
for Moorpark and provides an understanding of our scope of services.
Our recurring assignment is examining and reporting on the City's
annual combined financial statements. We also would like to be
helpful on any problems that may arise, and hope that you will
call at any time you think we can be of assistance.
We will make our examination of the City's annual combined financial
statements in accordance with generally accepted auditing standards
and, accordingly, include such tests as considered necessary in
the circumstances. An audit is based on the concept of testing
the data being examined; therefore, there is risk that material
errors, irregularities and illegal acts, if they exist, will not
be detected. Unless unusual conditions not now foreseen make it
impracticable to do so, we will submit a report on our examination
of these financial statements which will express an opinion as
to the fairness of their presentation in conformity with generally
accepted accounting principles.
During the course of the examination, we may observe opportunities
for economies in or improved controls over your operations and
bring them to the attention of an appropriate level of management,
either orally or in writing.
Our fee for the examination of the City's June 30, 1986 combined
financial statements will be based on hours worked by the various
grades of our personnel, at our standard governmental rates
applicable to each. We will bill you monthly on this basis, plus
out -of- pocket expenses. The total cost of this examination will
not exceed $3,300. This fee contemplates maximum assistance from
— RECEIVED --
MAY 2 7 1986
City of Moorpark
Arthur Young
Mr. Steven Kueny
May 15, 1986
Page 2
your personnel in preparing schedules for the audit and performing
related tasks. Fees for additional services, if any, will be based
on hours worked by the various grades of our personnel at our
standard rates applicable to each. Naturally, we will discuss
fee arrangements for specific projects with you and come to an
agreement before the work is started.
If these arrangements are acceptable to you, please sign one copy
of this letter and return it to us.
We appreciate the opportunity to act as your independent auditors
and we would be pleased to furnish any additional information you
may request concerning our responsibilities and functions.
Very truly yours,
MOORPARK
Steven Kueny
City Manager
Date: