Title
To authorize and direct the City Auditor to enter into an agreement with Clark, Schaefer, Hackett & Co., Certified Public Accountants, for professional auditing services for calendar year 2011 and to authorize the expenditure of $354,705.00 from the General Fund ($354,705.00)
Explanation
This ordinance will authorize the City Auditor to enter into an agreement for professional auditing services for the calendar year 2011, of the City of Columbus and the Office of Franklin County Municipal Court Clerk, and to authorize the expenditure of $354,705.00
At the direction of the Auditor of State an extension to the original five year agreement should be awarded to Clark, Schaefer, Hackett & Co., Certified Public Accountants. Contract Compliance expires on 07/12/2012 for FID# 31-0800053.
Audit Period Audit Cost
2011 $ 354,705
Also received for auditing services for other political subdivisions. These other political subdivisions will, however, pay Clark, Schaefer, Hackett & Co. directly for the audit costs. Such costs will not be channeled through the City. The other political subdivisions and the respective awards are:
Franklin Park
Conservatory
Columbus Regional Joint Recreation RiverSouth Columbus-Franklin County
Year Airport Authority District Authority Finance Authority
2011 $ 65,484 $ 27,820 $ 13,910 $ 10,500
It should be noted that 15% of this contract will be subcontracted to a minority firm of certified public accountants. This has been a subcontracting requirement in the City's audit contract since 1985.
FISCAL IMPACT
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