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FINANCE DEPARTMENT MEMORANDUM <br /> 4�89 - 13 <br /> January 10, 1989 <br /> T0: James C . Bacon, Jr . , City Manager <br /> FROM: Ron Lappi , Jr . Director of Finance <br /> SUBJECT: Auditing Services <br /> On December 5 , 1988 I requested audit proposals through a <br /> Request for Proposals to five different firms of Certified <br /> Public Accountants . The City has established a policy to <br /> solicit proposals every four years and this was last done in <br /> 1985 . <br /> Proposals to perform the City' s annual audit of all funds <br /> and accounts were received from two firms on January 6 , 1989. <br /> I expected to receive proposals from at least three firms based <br /> on their personal contacts and inquiries , however we only <br /> received two . I have now carefully reviewed and evaluated <br /> both, and although I believe both firms are well qualified , I <br /> hereby recommend the engagement of Peat , Marwick, Main & Co . of <br /> Decatur , Illinois for a fee not to exceed $29 , 500 for FY 1988- <br /> 89 . <br /> Since Peat Marwick has done our audit for a number of <br /> years we are quite familiar with their expertise and believe <br /> them to be the best technically qualified . <br /> I believe the annual fees that we have paid in the past <br /> to be very fair and the fee proposals from both firms are in <br /> keeping with that level. of costs . Fees therefore , are not a <br /> factor at all in my recommendation. <br /> Attached for yot!r information is the Request for <br /> Proposals , a Resolution authorizing the agreement and a copy of <br /> the Peat , Marwick, Main & Co . proposal for services for FY <br /> 1988-89 . <br /> If you concur with my recommendation please schedule the <br /> Resolution for City Council consideration as soon as possible , <br /> preferably January 17 , 1989 . <br /> Thank you . <br /> cc : Dan Sommerfeldt , Assistant City Manager <br />