Notice/ Tabulation of Audit Proposals4:) JES /pjg
John E. Schedler
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HOPKINS, MINNESOTA 55343
TO William P. Crain
FROM John E. Schedler
SUBJECT Audit Proposals
A request for Audit Proposal was mailed to eight (8) .C.P.A. firms on October 1981.
All eight firms responded by the November 20, 1981 dead line. Seven of the eight
firms sent representatives to the City to discuss the proposal.
The proposed fees ranged from $9,800 (2) bids to $17,000.
Aft I have reviewed all of the proposals in detail and from my personal contacts of
people.within the firms or knowledge of the firms and considering the present•
range of audits being conducted by each firm I recommend that Fox Co. be
selected as the auditing firm for the city.
Fox is quite in involved in a variety of governmental audits municipalities and
block grants. Since Fox has already done some grant audit work for the city and
has merged with the cities former auditors, Strand Roe, I believe their back
ground would give Fox an edge in knowledge of the city operations. Fox Co.'s
bid is also tied for the low bid of not to exceed
INTER- OFFICE MEMO
DATE November 25
19 81
CPA FIRM
George M. Hansen
Olson, Clough Straumann
Laventhol Horwath 17,000 Maximum
Deloitle Haskins Sells
Anfinson, Hendrickson Co. $'13,900 not to exceed
Ernst Whinney
Arthur Anderson 10,500 to $11,500
Fox Co. 9,800 not to exceed
0 0
Audit Proposal Tabulation
Bids due November 20, 1981
BASIC FEE FOR 1981 AUDIT ADJUSTMENT TO BASIC FEE
9,800 not to exceed Actual time less than
anticipated reduce fee.
12,000 Printing, postage misc.
expense.
13,500 to $15,000 Actual time less than
anticipated reduce fee.
Out of pocket expenses
not to exceed $500