HomeMy Public PortalAboutORD08615 BILL NO. `>
INTRODUCED BY COUNCILMAN
ORDINANCE NO. L i;
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI , AUTHORIZING AND
DIRECTING THE MAYOR AND CLERK OF THE CITY TO EXECUTE AN AGREEMENT
WITH WILLIAMS-KEEPERS-OLIVER-PAYNE AND RACKERS, FOR AUDITING THE
RECORDS OF THE CITY DURING THE FISCAL YEAR NOVEMBER 1, 1972, TO
OCTOBER 31, 1973.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON,
MISSOURI, AS FOLLOWS:
Section 1. The Mayor and Clerk of the City are hereby
authorized and directed, for and in the name of the City, to
execute a written Agreement with Williams-Keepers-Oliver-Payne
and Rackers , for auditing the records of the City during the
fiscal year, November 1, 1972, to October 31, 1973.
Section 2. A copy of such Agreement is hereto attached.
Section 3. This ordinance shall take effect and be in
force from and after its passage and approval.
Passed_.,., �3 Approved
�P/ sident of tha Council �% Mayor
Attest
City .Cll�ie rk
Alk
AGREEMENT
(AUDIT SERVICES)
THIS AGREEMENT made and entered into by and between the CITY OF
JEFFERSON CITY, MISSOURI, hereinafter referred to as "City" and
Williams-Keepers-Oliver-Payne and Rackers, hereinafter referred to as
"Auditor", both of whom understand as follows:
1. Term of Agreement. This agreement shall be for the fiscal
year beginning November 1, 1972, and ending October 31, 1973.
2. Duties of Auditor. Auditor shall:
A. Audit all of the books, records, funds and all
other financial documents and information of City
for each fiscal year ending October 31st. , including
verification of fund balances at the beginning of
the audit period.
The audit shall be made in accordance with generally
accepted Auditing Standards, and shall specifically
follow, to the extent applicable, the audit procedures
recommended in "The American Institute of CPA's
Audits of State and Local Government Unit Audit Guide"
dated 1973, provided, however, the scope of audit shall
not be limited to that provided in the aforementioned
publication.
•
Shall schedule field work as soon as possible, bearing
in mind our extremely busy period of January through
April., 1974.
-2-
In the event that circumstances disclosed by the audit
indicate that more detailed verification is required in
addition to that which would be sufficient under ordinary
circumstances, Auditor agrees to provide the City all
ascertainable facts relative to the extraordinary
circumstances, together with an estimate of the additional
cost thereof, it being expressly understood between the
parties hereto that fees relating to such extension of
verification procedures are additional fees, as the services
relating thereto are not contemplated as being within the
scope of services to be performed under this contract.
The working papers developed during the course of the audit
shall be retained for a five year period and made available
upon request to the City or other independent auditors,
and governmental audit staffs.
B. The annual audit report and recommendations would be
addressed to the City Council and the agreement would be
between the City Council and the Auditors.
C. Supply to the City desired number of copies of an annual
audit report prepared in accordance with generally accepted
auditing standards.
D. Deliver each letter or audit report not later than ninety
(90) days following the closing of the books of the City for
the period covered by said letter or report.
-3-
3. Payment 12 City. City shall pay the Auditor on a per
diem basis as follows:
AOL Rate ner Hour
Partner $25.00-$30.00
Audit Manager $20.00-$25.00
Senior Accountant $15.00-$20.00
Assistant Accountant $10.00415.00
Clerical $ 6.00-$ 8.00
Based upon the estimated time required, the Auditor
guarantees a maximum annual fee for
1972-73 $ 6,160.00
4. Default. If Auditor shall fail to make any audit delivery,
as herein required, the City may, at its option, cancel
this contract and upon giving notice to Auditor of such
cancellation discontinue Auditor's services, without
further liability to Auditor for services rendered or
contractual rights hereunder, or City may elect to enforce
this Agreement by requiring Auditor's compliance with the
terms hereof.
5. Assignment. This agreement shall not be assigned by
Williams-Keepers-Oliver-Payne and Rackers without the
written consent of the City.
6. Notices. All notices herein required shall be in writing,
and delivered in person or sent by registered mail, postage
prepaid.
-4-
7. Relationshin of Parties. It is understood that the
contractual relationship of the Auditor to the City
is that of independent contractor.
IN WITNESWHEREOF, the payAies have reunto set their hands
on this day of 19
)AUDITOR CITY OF JEFFERSON CITY, MISSOURI
Bye