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R95-04 ACCEPTING THE PROPOSAL AND AUTHORIZING A CONTRACT
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R95-04 ACCEPTING THE PROPOSAL AND AUTHORIZING A CONTRACT
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7/12/2016 11:23:11 AM
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Resolution/Ordinance
Res Ord Num
R95-04
Res Ord Title
ACCEPTING THE PROPOSAL AND AUTHORIZING THE EXECUTION OF A CONTRACT - FINANCIAL AUDIT - GEORGE S. OLIVE & CO. LLC
Approved Date
1/17/1995
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. , . <br /> Scope of Services <br /> The auditor selected will be expected to perform the following services for the fiscal year <br /> May 1, 1994, to April 30, 1995. <br /> 1. The Auditor shall perfonn an audit of the entire City of Decatur, in accordance with <br /> Governmental Auditing Standards, for inclusion in the Comprehensive Annual Financial , <br /> Report. � <br /> 2. The Auditor shall perform a financial audit of all City of Decatur Funds in order to ', <br /> determine whether the statements present fairly the financial position and results of 'I <br /> operation of the funds in conformance with generally accepted accounting principles. ' <br /> 3. The Auditor shall advise City staff in preparation of the Comprehensive Annual Financial <br /> Report document for submittal to the Government Finance Officers Association I <br /> Certificate of Achievement Program. <br /> 4. The Auditor will comply with the requirements of the Single Audit Act of 1984 (OMB <br /> A-128) as described in the Standards for Audit of Governmental Organizations, <br /> Programs, Activities and Functions. <br /> 5. The Auditor shall prepare a management letter identifying either weaknesses of internal <br /> controls or efficiency changes which could improve the City's operations. <br /> 6. As part of the annual audit, the following special reports shall be audited and/or prepared <br /> by the Auditor: <br /> Water Fund Audit and Report as of April 30, 199�, completed before August 31 st. <br /> Mass Transit Audit and Report as ofJune 30th, in accordance with the audit guide for <br /> Illinois Department of Transportation Grants. <br /> Assist with Illinois Department of Insurance Police Pension Report as of April 30th. <br /> Assist with the Illinois Department oflnsurance Fire Pension Report as ofApril 30th. <br /> Review of the City's annual CostAllocation Plan as ofApril 30th. <br /> Review the 1995 State of Illinois Comptrolle��'s Annual Financial Report <br /> 7. The Auditor shall complete their audit work and submit the Comprehensive Annual <br /> Financial Report within 165 days of the fiscal year end or no later than October 15th. <br /> Other required reports must be submitted in a timely fashion based on reasonable due <br /> dates to be established. <br /> Page 2 <br />
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