HomeMy WebLinkAbout30. 2017 Annual Audit Contract - SchenckIM $
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RAN
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Oshkosh
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson Director of Transportation
DATE: September 5, 2017
RE: Annual Audit Engagement
BACKGROUND
The City of Oshkosh has a long history of engaging Schenck to provide audit services
annually. 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.
ANALYSIS
With the city's transition to the new Enterprise Resource Program accounting modules, I
believe it is important to maintain some consistency with an audit firm that is familiar with
our current system until the transition is complete. As a result, staff believes it is appropriate
to engage the services of Schenck for the year ending December 31, 2017
FISCAL IMPACT
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 $48,900.
RECOMMENDATION
Staff recommends adoption of Schenck auditing services.
Respectfully Submitted,
la
Trena Larson
Finance Director
Approved:
Mark A. Rohloff
City Manager
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