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D. Audit Contract with Coopers S Lybrand <br />The Board reviewed the following memo dated 8/14/90: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: August 14, 1990 <br />SUBJECT: AUDIT CONTRACT WITH COOPERS & LYBRAND <br />CONSENT AGENDA <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />Pursuant to the requirements of Florida State Statutes 11.45, a committee was <br />formed comprised of Commissioner, Don C. Scurlock, Jr.; Clerk of the Circuit <br />Court, Jeffrey K. Barton; Property Appraiser, David C. Nolte; Tax Collector, <br />Gene E. Morris; Supervisor of Elections, Ann Robinson and Sheriff, R. T. "rim" <br />Dobeck, to review proposals for audit services. The committee sent out <br />Request for Proposals for audit services and received proposals from the <br />following Certified Public Accounting firms: <br />1. KPMG Peat Marwick <br />2. Coopers & Lybrand <br />3. Ernest & Young <br />After reviewing the proposals the committee short listed the Certified Public <br />Accounting firms in the order below: <br />1. Coopers & Lybrand <br />2. Ernest & Young <br />3. 'KPMG Peat Marwick <br />Staff has been able -to reach a contract they feel is reasonable with Coopers <br />& Lybrand. The contract is similar to the prior contract in that it includes 40 <br />hours a year of consulting services and the audit price increases $5,000 per <br />year. <br />The audit fee is as follows: <br />First Year: $ 95,000 <br />Second Year: $100,000 <br />Third Year: $105,000 <br />Fourth Year: $110,000 <br />Fifty Year: $115,000 <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the <br />attached contract for audit services. <br />5 <br />AUG 21 1990 <br />n.ocK <br />