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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 />