HomeMy WebLinkAbout121-83 RESOLUTIONRESOLUTION NO. 121-83
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A 140DIFICATION IN THE CITY'S AUDIT CONTRACT
WITH ARTHUR YOUNG & COMPANY.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
That the Mayor and City Clerk are hereby authorized and
directed to execute the modification of audit contract attached
hereto, marked Exhibit "A", and made a part hereof.
PASSED AND APPROVED this 18th day of October, 1983,
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Clt, Clerk
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APPROVED:
By:
Mayor
MODIFICATION OF AUDIT CONTRACT
THIS Modification of Audit Contract executed this
day of (yC412i 1983, by the City of Fayetteville,
Arkansas, hereinafter referred to as "the City," and Arthur
Young & Company, hereinafter referred to as "the Auditor."
WHEREAS, the City entered into an audit contract with
Russell"Brown and Company, dated December 15., 1981, which
contract,is incorporated herein by reference thereto; and
'WHEREAS, Russell Brown and Company has merged with
Arthur Young & Company; and
WHEREAS, the City and the Auditor desire to modify the
aforesaid audit contract.
NOW, THEREFORE, the City and the Auditor hereby mutually
agree as follows:
1. The aforesaid audit contract, dated December 15,
1981, is hereby modified in the following respects:
(a) For the audit ended December 31, 1983,(which will
contain five months of audit of the water and sewer Y
fund and sanitation fund, and twelve months audit of
the
general fund) the
City
shall pay the
Auditor
according
to
the billing rates
shown
in Attachment
"B".to
the afore-
said contract., The maximum -not -to -exceed amount shall
total the combined amount of the July 31, 1983, water
and sewer fund and sanitation fund charges and the
December 31, 1983, general fund charge according to
billing rates shown in said, -Attachment "B". The City
shall pay only for hours actually worked. ; ;
'^- ^'" (tS) The Audi=torm�shal=lTperf'orm*�all Attachment="P!'
audits as prescribed by Federal Regulations for City of
Fayetteville grants. The Auditor shall add to the
general fund audit the City of Fayetteville pension
fund. For said services, the Auditor shall be paid
according to the billing rate shown in said Attachment
"B". The maximum -not -to -exceed amount shall be as
rYWIRIT e
Page Two
Modification of Audit Contract
'specified in paragraph (a) above.
(c) The Auditor shall perform the Community Develop-
ment Audit for a two and one-half year period, ended
Declember 31, 1983. The Auditor shall prepare two
seplarate audit reports, one ending December 31, 1982,
and the other ending December 31, 1983, which audits
shall include all Attachment "P" requirements. For
these services, the Auditor shall be paid a fee of
$4,950.00.
2. The aforesaid contract, dated December 15, 1981,
is hereby amended by amending paragraph (b)(1) to read as
follows:
1. The Auditor shall conduct an examination of the
records, accounts, and procedures of the City for the
years 1981-1984.
IN WITNESS WHEREOF, the parties have executed this
Modif-ication�of-Audits-..Contract_on_the_date_first_abo_v_e
written.
CITY OF FAYETTEVILLE, ARKANSAS
By:
Mayor
'ATTESTc
^f
CityCler
ARTHUR YOUNG AND COMPANY
By:�. 4
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Titl �aiVL
.ATTEST:'