Res 1995-066 - Laserfiche WebLink

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., .. 83 This AGREEMENT is made this the 28th day of March , 1995, between the CITY OF SAN MARCOS, TEXAS (the "CITY"), 630 East Hopkins, San Marcos, Texas 78666, and PADGETT, STRATEMANN & COMPANY, L.L.P., 1635 N. E. Loop 410, Suite, 700, San Antonio, Texas 78209-1684 (the "AUDITOR"), for auditing services in connection with the CITY's annual audit requirements for the CITY's fiscal years ending September 30, 1995, September 30, 1996, September 30, 1997, September 301 1998 and September 30, 1999 (the "Audit Period"). WITNESSETH: CITY and AUDITOR do hereby agree as follows: ARTICLE 1 i AUDITOR'S SERVICES AND RESPONSIBILITIES t i 1 . 1 STANDARDS OF PERFORMANCE 1.1.1 AUDITOR will conduct an independent annual audit of all City accounts for each CITY fiscal year during the Audit Period. The AUDITOR will perform the audits in accordance with generally accepted auditing standards as prescribed by the American Institute of Certified Public Accountants (AICPA), Government Auditing Standards (1994 Revision) Governmental Accounting Standards Board (GASB), the U.S. General Accounting Office/s (GAO) Standards, OMB Circular A-128, and the Single Audit Act of 1984 (SAA). All of these standards and requirements are incorporated by reference into this Agreement. 1.1.2 Both parties hereto agree and understand that the City is relying on the AUDITOR as an expert in the field. of governmental accounting. The AUDITOR certifies that its personnel assigned to this project are properly trained accountants. 1.1.3 For each audit 1 the AUDITOR will provide the CITY with a project team experienced in serving governmental entities. The project team will work closely with CITY staff yet have overall responsibility for the successful completion of the audit. The initial proJect team will include: I ¡ Partner-In-Charge - Donald H. Cormiel C.P.A. Manager - Barbara M. Janssen, C.P.A. Supervising Auditor - Susan T. Yeatts, C.P.A. The AUDITOR's Basic Services for the audit for each CITY fiscal year during the Audit Period will consist of the following phases described in Paragraphs 1.2 through 1.5. 1.2 PLANNING PHASE The AUDITOR will: 1.2.1 Conduct initial meetings with CITY staff. 1.2.2 If available, review the working papers of prior CITY auditors as necessary. 1.2.3 Review CITY's interim financial reports and CITY staff qualifications.