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<br />~... - <br />- - <br />. . <br /> <br />'l.ouisville Housing Authority <br />To: LHA Board of Commissioners <br /> <br />@ <br /> <br />From: <br /> <br />Lisa Bangs, Finance Manager <br /> <br />Date: . <br /> <br />July 14,,2010 <br /> <br />Supject: <br /> <br />Audit Services,for2010 <br /> <br />As digcussedat'board meetings previously this year, the contract with Hiratsuk:a and Schmitt <br />expired with the 2009 audit fOl'the Louisville Housing Authority. Concurrently, the CQntract <br />for audit firms of BoulderCQuntyand the Boulder County Housing Authority expired at the <br />same time. The County wentout to bid fQr independent auditfirms with RFP#5274-1 0 and <br />incorporated the audit requirements for the, Louisville Hotlsing Authority, Lincoln Street <br />Elderly Limited Partnership, East Street Limited 'partnership and the LouisvilleHousing: <br />CQrporation. ' <br /> <br />, AnauditevaluatiQll committee,l11ade up of 12 CQunty Finance staff, including myself; <br />evaluated seven proposaHrfrom audit firms who responded to theRFP. Based on the <br />evaluation criteria of expertise and experience, audit approach and price, the evaluation <br />cQmmitteeproposed to the Board of County Commissioners toawardtheRFP to Clifton <br />Gunderson LLP for 2010, WIth an option to renew fQrthree ad<;litional consecutive years. The <br />Board of County CommissiQners, approved this action,on,July 1, 2010. <br /> <br />I recQmmend to the Board of Commissioners of the Louisville Housing Authority to also enter <br />into'an audit engageme,nt with Clifton Gunderson with the sameterms. Asa result Qfthe ' <br />aggregated bid, the cost for the Louisville HQusing Authority audit will not s~e an increase in <br />audit costs above what was paid in 2009 for the 2008 audit. Pricing will be as follows: <br /> <br />2010 = $21,701 <br /> <br />2011 = $22,352 <br /> <br />2012 = $23,023 <br /> <br />2013 = $23,714 <br /> <br />I will be happy to answer any further questions the board may have related tQ this topic' at the <br />July27th board meeting. <br /> <br />Thp" ',yOU"., ,,' <br /> <br />l1\m~ <br />Lisa Bangs . <br />Finance Manager <br /> <br />Post Office Box 471 Boulder, G~orado80306 (303) 441.3929 <br />