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presentation council will need to <br />accept the 1989 Audit as this is a <br />requirement. <br />Kim Higgins briefly covered the <br />Audit report with the council at <br />this time. Our opinion of the <br />audit is the best opinion that you <br />can get. It states that the <br />financial statements are fairly <br />presented in all material respects <br />and this is very objective. It <br />means if any other CPA firm within <br />the state came in and looked at the <br />same numbers they would give you <br />the same opinion that we have given <br />you. At this time Higgins <br />explained several exhibits with the <br />Council along with explaining the <br />management letter. <br />At this time Council discussed the <br />long term debt with regard to grow, <br />sick and vacation. Also discussed <br />were the exhibits that were pre- <br />sented by Higgins. <br />Mayor Fauson moved to accept the <br />1989 Audit, seconded by Carnival. <br />Motion passed. <br />APPROVAL OF 1990 AUDIT CONTRACT - ENGAGEMENT LETTER WITH BONDI & <br />CO. <br />Asti-Caranci stated that late in <br />1986, staff had requested proposals <br />for an annual auditor. The RFP <br />outlined that the City could enter <br />into a one year contract with the <br />successful auditing firm, with the <br />option of yearly renewals for a <br />period of three years. At the May <br />29th Finance Committee meeting, <br />members of the Finance Committee <br />discussed the procurement of a City <br />Auditor for 1990, and will <br />recommend that City Council approve <br />the attached engagement letter from <br />Bondi & Company. Finance committee <br />members also recommended that the <br />Finance staff request proposals for <br />auditing and accounting services <br />early in 1991 for fiscal year 1991. <br />The maximum fee for the 1990 audit <br />