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HomeMy WebLinkAboutAgenda Report - May 6, 1987 (49)L�CIL CCMINICA'I'Id) TO THE CITY COUNCIL DATE- FROM. THE CITY MANAGER'S OFFICE Pta�+ 6, 198' SUBJKT: C^RSIf)FR RE-rrMi)ENDATION OF SCREENING -COMMITTEE FOR RETAINING. CITY L, AUDITING FIRM RECOMMENDED ACTION: That the City Council accept the proposal from Ernst & Whinney to provide audit services for fiscal year 1986-87 at a cost of S22,500. BACKGROUND INFORMATION: At the February 18, 1987, Council meeting, Council approved the Request for Proposals for Audit Services and authorized the Finance Director to advertise and solicit proposals. At this meeting, Mayor Fred Reid, with Council approva., appointed the following screening committee of five persons to review proposals submitted: Mayor Fred M. Reid Councilmember John R. (Ran dyl Snider Assistant City "tanager Jerry Glenn Finance Director Robert Holm Rich Emde, Plant Controller --General Mills, Inc. On March 30, 1987, proposals were received from the following firms: Bartig, Basler & Ray Citrus Heights Deloitte, Haskins, Sells Sacramento John Donovan & Co. Lodi Ernst & Whinney Sacramento Peat, Marwick, Main & Co. Sacramento Price Waterhouse Sacramento Touche Ross & Co. Sacramento The screening committee met April 15, 1987. After careful review and evaluation of each proposal in the areas of technical experience, qualifications of the audit team and comparison of costs, it was the unanimous agreement of the committee to continue with the services of Ernst & Whinney. Each resporlent was notified of the committee's recommendation by letter on April 28, 1987. Respectfully submitted, Fred M. Reid Council Member COUNCOM8 TXTA.02D CITY COUNCIL ,'Vt!)N "S.OLS' IN_;\43vor ii`i!ti � (RLr;c'A%SNIE?E t2 Pro i e•n;norr tA:.MISIN PtNKER10.N.Ir FRED til RHD CITY 0--F LOBI CITY HALL. 221 W S1 PIKE SiRE.ET CALL PDX LODI, CALIFORNIA 95241-1910 ,204) 334-5634 TELECOMR (209);71.6795 May 11, 1987 James B Olson Partner Ernst and Whinney 555 Capital Mall, Suite 650 Sacramento, CA 45814 Gentlemen: THO\AAS A PETERSON This letter will confirm that the Lodi City Council, at its regular meeting of May 6, 1987, accepted the proposal from Ernst and Whinney to provide audit services for fiscal year 1986-87 at a cost of $22,500. Further, Council approved an option to renew the contract with Ernst and Whinney for an additional four years. Section E entitled "Acceptance of Proposal Contents" of the Invitation to Submit Proposals for Auditing Services indicated that "After the Auditing firm is selected by the City, the contents of the submitted proposal will become a contractual obligation. We have therefore enclosed two copies of the Request for Proposal containing a signature page. Please execute these documents and return them at your earliest convenience. Should you have any questions regarding this matter, please do not hesitate to call this office. Very truly yours, Alice M. Reimche City Clerk AMR:JJ cqt Mxr;'ger C11V clerk Ctty Attorney Ernst & hinney March 30, 1987 . ldit Selection Committee City of Lodi 221 W. Pine Street Lodi, California 95241-1910 Dear Sirs: Capl!oi Salic 650 Ernst & Whinney is pleased to submit our proposal for reappointment as the independent accountants for the City of Lodi. We will perform an examination of the general purpose financial statements of the City of Lodi as of June 30, 1987, as well as a single audit of the City's compliance with grantor requirements in accordance with OMB Circular No. A-128 Uniform 'dmnistrative Requirements for Grants -in -Aid to State and Local Governments, and the Compliance Supplement for Single Audits of State and Local Governments issued by 9.43. We will also issue a report on the City's investment policy and issue a management letter at the conclusion of the engagement. Ernst & Whinney has' been proud to serve as the independent accountants for the City of Lodi. We have developed strong working relationships with City employees. Keeping with our commitment to provide quality service to the City, Ernst & Whinney will continue to maximize the use of audit team members ::ho have prior audit experience on this engagement. We understand the City's administrative accounting and internal control systems. We have also become familiar with the audit requirements of your cognizant agency. After reviewing our proposal we are sure you will agree that Ernst & Whinney will provide the City with the most efficient audit possible with a minimum disruption of your day-to-day operations. The request for proposal states that preliminary fieldwork may commence near June 30, 1987 and that the City's financial records will be closed by approximately September 30, 1987. Considering these facts, Ernst & Whinney will be able to finish field work and have an exit conference by October 30. and a final report by December 1, 1987. During the course of our work, if events arise which are beyond our control and would preclude us from meeting " these deadlines, we will immediately notify Robert H. Holm.;. C 77. a r. t I represent 7-rnst & Whinney in ali .,,atters concerning the City and am allthoriZed to bind Ernst .& W ,innelv in a contract with the City. You can contact me at the address indicated on the previous page or at (916) 447-3237. The all-inclusive fee included in a sealed envelope is based upon a number of factors including past experience, our knowledge of the City and the amount of assistance to be provided by the City's staff. It is our desire to continue to provide a full range of professional services to the City of Lodi and we believe there are many items in this proposal which distinguish us from other firms you will be considering. We will be glad to meet with the Council and City officials to elaborate upon our credentials and our commitment to continue serving the City. Very truly yours, 61a,es E. Olson Partner 3EO:tii -2-