My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5.1. ERMUSR 10-11-2016
ElkRiver
>
City Government
>
Boards and Commissions
>
Utilities Commission
>
Packets
>
2014-2024
>
2016
>
10-11-2016
>
5.1. ERMUSR 10-11-2016
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/10/2016 10:45:41 AM
Creation date
10/10/2016 10:45:41 AM
Metadata
Fields
Template:
City Government
type
ERMUSR
date
10/11/2016
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The transition in wholesale power provider, electric service territory acquisition, and the sale of a <br /> department are significant transactions, all of which occur very infrequently in the municipal <br /> world. In fact,most municipal utilities will never undergo all of these transactions within their <br /> existence much less have all three occurring at the same time. This situation creates a significant <br /> value add for AEM because of their involvement in the financial planning for these major <br /> transactions. <br /> While it is appropriate to evaluate a long standing relationship of an auditor and client,we have <br /> had other auditors in the history of our organization and don't feel the need to make a change this <br /> year, given our circumstances. And while we recognize the convenience of using the same <br /> auditor as the City,we're confident that AEM would work diligently with a new auditor at the <br /> City to ensure there is an appropriate transfer of information for the CAFR, especially knowing <br /> firsthand the work that it takes to prepare the documents. <br /> On October 3rd the City Council approved the five year contract with CLA. The City <br /> Administrator informed the Council that if ERMU selects a different auditor that it would not be <br /> a reporting issue for the City. Also, it should be noted that this would not have a negative <br /> financial impact to the City. Taking all these things into consideration, staff recommends <br /> retaining the auditing services of Abdo, Eick, and Meyers for the next five years. <br /> ACTION REQUESTED: <br /> Approve the staff recommendation of retaining the existing auditors for the next five years. <br /> ATTACHMENTS: <br /> • 2016 Audit Proposals Pricing <br /> POWERED BY <br /> _° Page 2 of 2 NATURE <br /> Reliable Public <br /> Power Provider POWERED To SERVE <br /> 137 <br />
The URL can be used to link to this page
Your browser does not support the video tag.