HomeMy WebLinkAboutresolution.council.013-95
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RESOLUTION NO. l ~
Series of 1995
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING A PROFESSIONAL SERVICE AGREEMENT BETWEEN THE CITY OF
ASPEN, AND BONDI & COMPANY ENERGY TO AUDIT THE CITY'S ANNUAL
FINANCIAL STATEMENTS; AND AUTHORIZING THE CITY MANAGER TO EXECUTE
SAID AGREEMENT ON BEHALF OF THE CITY OF ASPEN, COLORADO.
WHEREAS, there has been submitted to the City Council a professional service
agreement between the City of Aspen and Bondi & Company to audit the City's annual financial
statements, a true and accurate copy of which is attached hereto as Exhibit "A";
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ASPEN,
COLORADO:
That the City Council of the City of Aspen hereby approves that professional service
agreement between the City of Aspen, and Bondi & Company to audit the City's annual fmancial
statements for the year ended December 31, 1994, a copy of which is annexed hereto and
incorporated herein, and does hereby authorize the City Manager of the City of Aspen to execute
said agreement on behalf of the City of Aspen.
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INTRODUCED, READ AND ADOPTED by the City Council of the City of Aspen on
the J?.:J- day of
~ ,1995.
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John S. Bennett, Mayor
I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing
is a true and accurate copy of that resolution adopted by the City Council of the City of Aspen,
Colorado, at a meeting held on the day hereinabove stated.
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44 INVERNESS DRIVE EAST
BUD...DINGS A & B
DENVER; COLORADO 80112
P.O. BOX 131
GRANBY, COLORADO 80446
DENvER OFFICE
(303)7~.6826
FAX(30J) 799.6926
GRANDY OFFICE
(303)S87-2493
BONDI&Co.
CERTIFIED PUBLIC ACCOUNTANTS
MANAGEMENT CONSULTANTS
February 7,1995
City of Aspen
c/o Mr. Doug Smith, Director of Finance
130 S. Galena Street
Aspen, CO 81611
Dear Mr. Smith:
This letter conflnns our arrangements With the City of Aspen to audit the City's annllaLfina'ncial
statements for the year ended December 31, 1994.
We will audit the City's general purpose financial statements as of and for the year ,endediDecewbet
31, 1994, Our audit will be. in accordance With generally accepted auditing standards and \Vi11 in91ude
such tests of the accounting records and other auditing procedures as we consider necessary to express
an opinion on the general purpose financial statements.
The general purpose financial statements of the City of Aspen ate thetesponsibility of I11lU1age~ent.
Accordingly, your staff must, take ownership of those statements and the responsibility for their
accuracy. We will provide our opinion on your financial statements.
We are not considering a detailed examination of all transactions, nor do we expect that we will
necessarily discover fraud, should any exist. We will, however, inform you of findings that appear
unusual or abnormal. If matters of significance come to our attention during our audit, we will then
also submit, in writing, our suggestions for improvements in the City's internal control structure and
overall financial operation.
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Affiliate Offices Worldwide
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City of Aspen
Mr. Doug Smith, Director of Finance
Page 2
Fees for the 1994 audit will not exceed $22,700. plus actual out-of-pocket expenses which are-
t1/.:rL<- ",,,r B~ft~ted te be .muut $3,000. Statements will be submitted every month as the work progresses and
are payable upon presentation. Any additional non-audit services requested of us by the City of ASpen,
will be performed as requested at our standard hourly rates (1995 rate schedule is attached),
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This agreement will serve as a basis of understanding between our firm and the City of Aspen from this
point forth until either party notifies the other of any change in writing.
Please indicate your agreement to these arrangements by signing below and returning the original of
this letter to us in the envelope provided. The copy is for your files.
Sincerely,
~~Co
BONDI & Co.
APPROVED:
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Date 51 It.<, r~ S-