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It is anticipated the selection of a firm will be completed by July 28, 2011. <br />Following the notification of the selected firm it is expected that a contract <br />will be executed between both parties by August 8, 2011. <br />B. TERM OF ENGAGEMENT <br />A three-year contract with three (3) one-year renewable options is <br />contemplated, subject to satisfactory perFormance, the satisfactory <br />negotiation of terms (including price acceptable to both the City and the <br />selected firm), and the concurrence of the City Council and the annual <br />availability of an appropriation. However, if funds are not made available <br />after such request, then the City of La Porte may terminate this agreement <br />with thirty (30) days written notice. <br />C. SUBCONTRACTING <br />Subcontracting of any portion of the audit process will not be allowed <br />without the prior written consent of the City. <br />II. NATURE OF SERVICES REQUIRED <br />A. GENERAL <br />The City is soliciting the services of qualified firms of certified public <br />accountants to audit its financial statements for the fiscal years ending <br />September 30, 2011, 2012, and 2013, with option to audit the City's <br />financial statements for each of the three subsequent fiscal years. These <br />audits are to be perFormed in accordance with the provisions contained in <br />this request for proposals. <br />B. SCOPE OF WORK TO BE PERFORMED <br />The City desires the auditor to express an opinion on the fair presentation <br />of its governmental activities, its business type activities, its aggregate <br />discretely presented component units, each of its major funds and its <br />aggregate remaining fund information in conformity with generally <br />accepted accounting principles. <br />The City also desires the auditor to express an opinion on the fair <br />presentation of its combining and individual fund financial statements and <br />schedules in conformity with generally accepted accounting principles. <br />The auditor is not required to audit the supporting schedules contained in <br />the comprehensive annual financial report. However, the auditor is to <br />provide an "in relation to" opinion on the supporting schedules based on <br />the auditing procedures applied during the audit of the basic financial <br />statements and the combining and individual fund financial statements <br />and schedules. The auditors are not required to audit the introductory <br />section of the report or the statistical section of the report. <br />12 <br />