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Res 1055 - Cont Harris & Eide COUNCIL BILL NO. 1303 RESOLUTION NO 1055 A RESOLUTION ENTERING INTO A CONTRACT WITH HARRIS & EIDE, CERTIFIED PUBLIC ACCOUNTANTS, FOR THE PURPOSE OF AUDITING AND EXPRESSING AN OPINION UPON THE FINANCIAL STATEMENTS OF THE CITY FOR THE THREE FISCAL YEARS ENDING JUNE 30,1991, JUNE 30,1992, AND JUNE 30,1993. WHEREAS, the City of Woodburn is required by law to be audited annually by an independent certified public accounting firm, and WHEREAS, the firm of Harris & Eide has a great deal of experience with municipal accounting and is familiar with the City's financial statements, NOW, THEREFORE THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. The Mayor and City Administrator are authorized to execute the contract with Harris & Eide which is attached hereto and, by this reference, incorporated herein. _A /} /J Approved as to formjl.~~ r - z 3 -q / City Attorney Date APPROVED: r~ u.J Kv,AJ f21./ FRED W. KYSER, 'MArrJR - - Passed by the Council May 28, 1991 Submitted to the Mayor May 29, 1991 May 29, 1991 Approved by the Mayor Filed in the Office of the Recorder May 29, 1991 ATTEST: ~~-r;:~ Mary Ten nt, Deputy Recorder City of Woodburn, Oregon Page 1 - COUNCIL BILL NO. 1303 RESOLUTION NO. 1055 HARRIS & EIDE CERTIFIED PUBLIC ACCOUNTANTS 991 Liberty Street S.E. P. O. Box 471 . . (503) 362-8644 Salem, Oregon 97308 Donald K. Harris, CPA Gregory M. Eide, CPA CONTRACT THIS CONTRACT made this 2nd day of May 1991, requirements of Oregon Revised Statutes 297.610 Harris & Eide, Certified Public Accountants of City of Woodburn, Oregon, provides as follows: in accordance with the through 297.740 between Salem, Oregon, and the 1. It hereby is agreed that Harris & Eide shall conduct an audit of the accounts and fiscal affairs of the City of Woodburn, Oregon, for the period beginning July 1, 1990 and ending June 30, 1991, and for the two years thereafter in accordance with the Minimum Standards for Audits of Municipal Corporations and Single Audit Act as prescribed by law. The audit shall be undertaken in order to express an opinion upon the financial statements of the City of Woodburn, Oregon, and to determine if the City has complied substantially with appropriate legal provisions. 2. Harris & Eide agree that the services they have contracted to perform under this contract shall be rendered by them or under their personal supervision and that the work will be faithfully performed with care and diligence. 3. The audit is to be conducted in accordance with generally accepted auditing standards, and will include such tests of the accounting records and such other auditing procedures as may be considered necessary. It is contemplated that a detailed examination of all transactions will not be made, such as to disclose defalcations or irregularities which may occur. Harris & Eide shall, however, advise you of any findings which appear unusual or abnormal, and they shall conduct a review of the system of internal control. 4. It is understood and agreed that, should unusual conditions arise or be encountered during the course of the audit whereby the services of Harris & Eide are necessary beyond the extent of the work contemplated, written notification of such unusual conditions shall be delivered to the City of Woodburn, Oregon, who shall instruct Harris & Eide in writing concerning such additional services, and that a signed copy of such notification and instruction shall be delivered immediately to the Secretary of State by the Party issuing the same. 5. The audit shall be started as soon after this contract is executed as is agreeable to the Parties hereto and shall be completed and written report thereon delivered within a reasonable time after the close of the audit period covered by this contract. Adequate copies of such report shall be delivered to the City of Woodburn, Oregon, and its form and content shall be in accordance with and not less than that required by the Minimum Standards for Audits of Oregon Municipal Corporations and the Federal Single Audit Act. .. '~n....'" . 6. It is understood and agreed that either Party may cancel this contract for cause by giving notice in writing to the other Party at least sixty days prior to July 1 of any year. Cause includes but is not limited to the failure of the City to obtain necessary funding from its voters. 7. In consideration of the faithful performance of the conditions, covenants, and undertakings herein set forth, the City of Woodburn, Oregon hereby agrees to pay Harris & Eide a sum not to exceed $15,450 for fiscal year 1990-91, $15,900 for fiscal year 1991-92 and $16,375 for fiscal year 1993-94 and the City hereby affirms' that proper provision for the payment of such fee has been or will be duly made and that funds for the payment thereof are or will be made legally available. 8. Harris & Eide will assist the City in the preparation of the City's financial statements for the year ending June 30, 1991. Our fee for these services will be based on our regular hourly rates not to exceed $5,000. In subsequent years the fee for this service will be renegotiated if the City requires assistance in this area. HARRIS & EIDE Certified Public Accountants by ~ t. ~ Pa tner CITY OF WOODBURN, Oregon by?;7dw~ Mayor Date: May 29, 1991 ~~. City Adrnini~ator ._.. _._~_...,-".._......-_._^-_.