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HomeMy WebLinkAbout26. 2015 Annual Audit Contract CITY HALL 215 Church Avenue P.O.Box 1130 Oshkosh,Wisconsin 54903-1130 City of Oshkosh OJHKOJH MEMORANDUM TO: Honorable Mayor and Members of the Common Council FROM: Mark A Rohloff, City Manager r1 DATE: September 15, 2015 RE: 2015 Audit Engagement The Department of Finance requested a proposal from Schenck to perform audit services for the year ending December 31, 2015. The City of Oshkosh has a long history of engaging Schenck to provide audit services. Schenck will audit the financial statements of the governmental activities, the business- type activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information, including the related notes to the financial statements, which collectively comprise the basic financial statements of the City of Oshkosh, WI. The objective of the audit is the expression of opinions as to whether our basic financial statements are fairly presented, in all material respects, and in conformity with U.S. generally accepted accounting principles. The fee for these services will be at their standard hourly rate plus out-of-pocket costs (such as report reproduction, typing,postage, travel, copies, telephone, etc.) except that they agree that their gross fee, including expenses, will not exceed the following: Audit of all individual funds of the City $47,500, Audit of the Redevelopment Authority of the City of Oshkosh $4,650. Please contact Trena Larson, Finance Director if you have any questions concerning this professional services agreement. 0