City Council Agenda and Packet 1987 01 07

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the City's 1986 annual audit. rive of those firms responded to the request from which staff then selected three for interviews with the Finance Committee members on Jovember 12th. Szymanski briefed Council on the interviews the Finance Committee had with the three firms: Fortner. Baynes, Lsvkulich i Co. (the City's current auditors), Edwards i Oliver, and Bondi i Company. The main consideration of the Committee was the firm's knowledge, experience and .expertise, resources, ability to do the job, and which firm could potentially provide the most benefit to the City of Louisville. The recommendation of the Finance Committee to Council is to appoint Bondi a Company as the City's Annual Auditor fo- 1986. Douglas Oliver, 226 Juniper, addressed Council stating that he was one of the three firms • interviewed for the City's audit. Mr. Oliver expressed his disappointment in not being selected as the firm was qualified and the "price was right." The firm is located in Louisville it 932 Walnut St. Mayor Fauson askid if Mr. Oliver is currently auditing any municipalities. Mr. Oliver stated that he was not, however, he had been the auditor for the City of Brighton for two years and has ten years audit experience. Szymanski stated that the Committee felt it was in the City's best interest to have a firm that has everyday experience in municipal auditing and Bondi and Co. met thin requirement. They have multiple resources and audit for several cities. We would like to keep our City's money in the City wherever possible. But we also have to consider what the City is paying for and what it is getting...and we have to spend the City's money wisely. ' :undley stated that City staff was satisfied with the work that the City's current auditing firm has performed to' the past six years. It was time to look at alternative proposals and is appropriate to do that every few years just to make sure that the City is getting "the biggest bank for its buck. " 2