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HomeMy WebLinkAboutAgenda Report - March 19, 1986 (99)rte. CITY COUNCIL MEETING MUM 19, 1986 ANNUAL AUDIT Council was reminded that for the. past several years the City Council has retained the firm of Ernst and Whinney to CC -6- perform the annual audit for the City of Lodi. The firm 63- 21 (a)-> has advised the City that it is again desirous of performing the audit for fiscal 1985-86. The cost will be $22,000 which represents an increase of $1,700 over last year. The increase, according to Ernst and Whinney, is solely attributable to the effects of recent federal legislation which requires that the scope of the audit b-- expanded ?expanded to include detail testing of such federal grants as Caanunity Development Block Grants. Following discussion, with questions being directed to the City Manager, Council, on motion of Mayor Pro Tempore Reid, Snider second, retained the fi.Lin of Ernst and Whinney to perform the Annual Audit for 1985-86 at a dost of $22,000 and determined that the City would solicit bids next fall for the performance of the annual audit for next year.