Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: Au ust 12 2002 <br /> <br /> <br />Appropriation <br /> <br />Requested By: <br /> <br />Source of Funds: <br /> <br />General Fund <br /> <br />Department: <br /> <br />Fillalll:e <br /> <br />Account Number: 001-6146-515-5001 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />xx <br /> <br />Amount Budgeted: 46,000 <br /> <br />Exhibits: <br /> <br />Engagement Letter <br /> <br />Amount Requested: 15,000 <br /> <br />Exhibits: <br /> <br />Ordinance <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />On July 30, 2002, the La Porte Audit Committee interviewed auditing firms for the purpose of selecting a <br />consultant to audit credit card transactions. After defining a Scope of Services, nine firms were <br />considered, and four were selected for interviews. The interviewees were: <br /> <br />Tiller and Company, of Bay town, Texas (represented by Mark Tiller); <br /> <br />Sanderson, Knox and Belt of Sugarland, Texas (represented by Robert Belt); <br /> <br />Patillo, Brown & Hill, of Waco, Texas (represented by James Curry); and <br /> <br />Mosher, Siefert, and Co, (represented by Ken Siefert), <br /> <br />Although all firms were well qualified, Tiller & Company was selected. A brief synopsis of the Scope of <br />Services is: to perform a comprehensive audit of American Express and Visa credit card transactions for <br />the past six years; to review credit card purchases and determine if the expenditure was undertaken for <br />official City business; and to determine whether expenditures complied with City purchasing and travel <br />policies, and any employment contract in effect at the time of the expenditure. We expect this review to <br />cost no more than $15,000. <br /> <br />Action Required by Council: <br /> <br />Adopt Ordinance approving and authorizing a Contract with Tiller and Company, a Professional <br />Corporation of Certified Public Accountants, for an Agreed Upon Procedures engagement regarding the <br />review of American Express and Visa credit card transactions for a six year period. <br /> <br /> <br />B/? loR <br />Date I ( <br />