HomeMy WebLinkAboutIII (E) Acceptance and Approval of Extension of Contract with Auditors for Fiscal Year 95-96 AGENDA 6-6-95
Item III E
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE"
0004343S.SCOTT VANDERGRIFT
Cror, COMMISSIONERS
RUSTY JOHNSON
rys
a CITY OF OCOEE PAUL W.FOSTER
v (3) O 150 N.LAKESHORE DRIVE SCOTT A.GLASS
l+� ?C1 OCOEE,FLORIDA 34761-2258 JIM GLEASON
4y4, s%• (407)656-2322 CITY MANAGER
Of GELLIS SHAPIRO
MEMORANDUM
DATE: June 2, 1995
TO: The Honorable Mayor and Board of City Commissioners
Ellis Shapiro, City Manager
FROM: Montye E. Beamer, Director (7)1
Administrative Services
SUBJECT: Auditing Services - McDirmitt, Davis, Lauteria and Company, P.A.
The contract for auditing services between the City of Ocoee and McDirmitt, Davis, Lauteria and
Company terminated September 9, 1993. The term of this contract was three (3) years following
an advertised bid, review/selection and award. In March, 1994 the contract was extended for an
additional year.
City Staff is still in the process of renewing new computer systems and software. The current
financial computer system has created more challenges than solutions, and there will be a profound
effect on the financial records. The firm is familiar with the financial metamorphosis that has
already occurred. They continue to work with the Finance department in adopting/refining
accounting policies and procedures which comply with the Florida Statutes, Generally Accepted
Accounting Principles and Governmental Auditing Standards. They also have extensive
experience with municipal finance and multiple computer systems and software utilized by other
municipal clients; they have worked extensively with the financial packages currently in review.
This experience coupled with their familiarity of the City would be most beneficial during the
computer conversion process.
Staff recommends an additional one year extension of the existing contract for auditing services
with the accounting firm of McDirmitt, Davis, Lauteria and Company, P.A. - Certified Public
Accountants. There would be no increase in the hourly rates and the fee of $29,800 will be
identical to FY94. As with FY94, no separate audit reports for the water and wastewater funds
will be prepared. The issuance date for the CAFR (Comprehensive Annual Financial Report)
would be no later than December 31st.
MEB/jbw