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HomeMy WebLinkAboutO-2002-2570 .. . ; . e ~ ORDINANCE NO. 2002- J.S'10 AN ORDINANCE APPROVING AND AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF LA PORTE AND TILLER AND COMPANY, CERTIFIED PUBLIC ACCOUNTANTS, TO PROVIDE INDEPENDENT AUDITING SERVICES, APPROPRIATING NOT TO EXCEED $15, 000 . 00 , TO FUND SAID CONTRACT, MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECT, FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW, AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council hereby approves and authorizes the contract, agreement, or other undertaking described in the title of this ordinance, in substantially the form as shown in the document which is attached hereto and incorporated herein by this reference. The Mayor is hereby authorized to execute such document and all related documents on behalf of the City of La Porte. The City Secretary is hereby authorized to attest to all such signatures and to affix the seal of the City to all such documents. City Council appropriates the sum not to exceed $15,000.00 from the City of La Porte General Fund Auditing Account No. 001-6141-515- 5001 to fund said contract. Section 2. The City Council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. __ t " e e . ORDINANCE NO. 2002 - if. S '1'0 P1V3E 2 Section 3. This Ordinance shall be effective from and after its passage and approval, and it is so ordered. PASSED AND APPROVED, this 12th day of August, 2002. CITY OF LA PORTE BY'~~ ~~ an L. ~ ne Mayor ATTEST: ~~ a ,Jiua4 Mar a A. Gillett City Secretary APP~ v) Knox W. Ask/ins City Attorney " e e TillER ANd COMPANY A PROFESSIONAL CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS August 1, 2002 Chuck Engelken City Council Audit Committee Chairman City of LaPorte, Texas We are pleased to confirm our understanding of the nature and limitations of the services we are to provide the City of LaPorte, Texas, We will apply the agreed-upon procedures which the City of LaPorte has specified, listed in the attached schedule, to the documentation related to certain expenditures of the City of LaPorte for the six years ended June 30, 2002. This engagement is solely to assist the City of LaPorte in evaluating the propriety of certain American Express and Visa credit card expenditures and the related adequacy of documentation and to evaluate compliance with internal controls over, American Express and Visa credit card expenditures, Our engagement to apply agreed-upon procedures will be conducted in accordance with attestation standards established by the . American Institute of Certified Public Accountants, The sufficiency of the procedures is solely the responsibility of those parties specified in the report. Consequently, we make. no representation regarding the sufficiency of the procedures described in the attached schedule either for the purpose for which this report has been requested or for any other purpose. If, for any reason, we are unable to complete the procedures, we will describe any restrictions on the performance of the procedures in our report, or will not issue a report as a result of this engagement. Because the agreed-upon procedures listed in the attached schedule do not constitute an examination, we will not express an opinion on the financial impact the reviewed transactions had or might have on the City's financial condition, In addition, we have no obligation to perform any procedures beyond those listed in the attached schedule. We will submit a report listing the procedures performed and our findings, This report is intended solely for the use of the City of LaPorte, and should not be used by those who did not agree to the procedures and take responsibility of the sufficiency of the procedures for their purposes, Our report will contain a paragraph indicating that had we performed additional procedures, other matters might have come to our attention that would have been reported to you, We plan to begin our procedures on approximately August 6, 2002, and unless unforeseeable problems are encountered, the engagement should be completed on or around August 31, 2002, We plan to review a draft of our report with the City's audit committee prior to issuance of our final report. At the conclusion of our engagement, we will require a representation letter from key management that, among other things, will confirm management's responsibility for presenting to us all documentation they believe to be related to the expenditures in question and 1300 ROLLlNGBROOK / POST OFFICE BOX 563/ BAYTOWN, TEXAS 77522.0563/ (281) 427-7517/ FAX (281) 422-5013 MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS - THE TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS '" e . a statement indicating they have informed us of all significant events and circumstances related to the reviewed expenditures that might influence their proper analysis. Our fees for these services will be billed at $95 per hour and we estimate the hours required to complete the engagement to range from 120 to 180 hours. You will also be billed for out-of-pocket costs such as report production, typing, postage, etc, Additional expenses are estimated not to exceed $80.00. The fee estimate is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the engagement. If significant additional time in necessary, we will discuss it with you and arrive at a new hour estimate before we incur the additional costs. Our invoice for these fees will be rendered each month as work progresses and are payable on presentation. We appreciate the opportunity to assist you and believe this letter and related schedules accurately summarizes the significant terms of our engagement. If you have any questions, please let us know, If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. If the need for additional services arises, our agreement with you will need to be revised. It is customary for us to enumerate these revisions in an addendum to this letter. If additional specified parties of the report are added, we will require that they acknowledge in writing their responsibility for the sufficiency of procedures. v;ti:;L Mark R. Tiller Tiller and Company A Professional Corporation of Certified Public Accountants This letter correctly sets forth the understanding of the City of LaPorte. CW,~ Chuck Engelken City Council Audit Committee Chairman Date ~!I L/ ()?.- 1i1z;{1J ~~ ~an ~one Mayor Date 11/ fAi 07' I I Attest: v()lltfA -1V1111 M a illett City Secretary Date ~//~/D~ ( ( " e . SCHEDULE OF AGREED-UPON PROCEDURES 1. Review historical information surrounding City use of credit cards (American Express and VISA) leading to request for special agreed-upon procedures engagement. 2. Discuss specific engagement needs related to credit cards with Audit Committee Chairman, 3. Review relevant written City policies, procedures, manuals, employment contracts, ordinances and department directives that might govern the handling and payment of City credit card expenditures. 4. Determine adequacy of written policies and procedures related to City credit card expenditures based on review of documents outlined in number 3 above. 5, Interview relevant City personnel to determine if written policies and procedures were being followed and, if not, what procedures were followed. In addition, our interviews might be used to confirm our understanding of certain credit card expenditures detailed in the monthly credit card statements. 6. Review existing support behind paid City credit card statements for the six year period for all City credit cards and categorize expenditures by type/nature and level of attached support. 7. Interview certain individuals related to the City to determine if additional support for credit card expenditures exists outside the official City payment/disbursement records. 8. Review all paid per diem travel and expense requests during the audit period that might relate to the expenditures paid by City credit cards. 9. Review relevant City documents related to reimbursements made to the City by cardholders for items or services purchased by City credit cards, 10. Summarize the information reviewed which will include our related analysis, for purposes of inspection, review, and analysis by the Audit Committee. '. tit e REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested: Au ust 12 2002 Requested By: Source of Funds: General Fund Department: FiAllAce Account Number: 001-6146-515-5001 Report: Resolution: Ordinance: x...x Amount Budgeted: 46,000 Exhibits: Engagement Letter Amount Requested: 15,000 Exhibits: Ordinance Budgeted Item: YES NO Exhibits: SUMMARY & RECOMMENDATION On July 30, 2002, the La Porte Audit Committee interviewed auditing firms for the purpose of selecting a consultant to audit credit card transactions. After defining a Scope of Services, nine firms were considered, and four were selected for interviews. The interviewees were: Tiller and Company, of Baytown, Texas (represented by Mark Tiller); Sanderson, Knox and Belt of Sugarland, Texas (represented by Robert Belt); Patillo, Brown & Hill, of Waco, Texas (represented by James Curry); and Mosher, Siefert, and Co. (represented by Ken Siefert). Although all firms were well qualified, Tiller & Company was selected. A brief synopsis of the Scope of Services is: to perform a comprehensive audit of American Express and Visa credit card transactions for the past six years; to review credit card purchases and determine if the expenditure was undertaken for official City business; and to determine whether expenditures complied with City purchasing and travel policies, and any employment contract in effect at the time of the expenditure. We expect this review to cost no more than $15,000. Action Required bv Council: Adopt Ordinance approving and authorizing a Contract with Tiller and Company, a Professional Corporation of Certified Public Accountants, for an Agreed Upon Procedures engagement regarding the review of American Express and Visa credit card transactions for a six year period. John E. BhJ,~ Date I {