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Action Item # 10 October 5, 2011 the 2011 Financial AuditConsideration of a Contract for
Contract for the 2 solicit proposals for 2011 auditAt the July 6, 2011 Board Meeting, Board requested staff to •2010–Baker Tilly/Virchow Kraus performed audits 2005 •Background / History
2011 Financial Audit
New Information 2011 Financial AuditContract for the 3 Baker Tilly –Adams-Moss–BKD–Three qualified responses•3 were qualified–1 was disqualified due to lack of utility industry experience–Four
audit firms submitted proposals•Advertised in local newspaper–Requests for proposals mailed to 13 audit firms–August 17, 2011•
Fiscal Impact 2011 Financial AuditContract for the 4 The pricing of the proposals are as follows:•FY11 Budget provides $61,600 for the financial audit•
Recommendation 2011 Financial AuditContract for the 5 contract for up to two yearsthe 2011 financial audit with the option to extend the Authorize a contract with the selected audit
firm to perform •