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 2007 and to authorize the expenditure of $308,750 from the General Fund ($308,750)
Explanation
This ordinance will authorize the City Auditor to enter into an agreement for professional auditing services for the calendar year 2007, of the City of Columbus and the Office of Franklin County Municipal Court Clerk, and to authorize the expenditure of $308,750.
At the direction of the Auditor of State an extensive request for proposals and evaluation process was conducted. Two proposals were received. Evaluations of these proposals were conducted by both the City Auditor's Office and the State Auditor's Office, independent of each other. Both offices concluded that the contract should be awarded to Clark, Schaeffer, Hackett & Co., Certified Public Accountants. Contract Compliance expires on 09/06/2008 for FID# 31-0800053.
The audit agreement covers 5 years (2006-2010) with each year being subject to the authorizing appropriation of Council. This 2007 ordinance represents the second year of this five-year cycle. Annual costs of the audits are as follows:
Audit Period Audit Cost
2006 $ 308,750
2007 308,750
2008 325,000
2009 338,000
2010 347,750
Bids were also received for auditing services for the 2006-2010 five year period for other political subdivisions. These other political subdivisions will, however, pay Clark, ...
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