Res 1992-081 - Laserfiche WebLink

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110 This AGREEMENT is made this the 14th day of Jul Y , 19 92, between the CITY OF SAN MARCOS, TEXAS, hereinafter referred to as "CITY", 630 East Hopkins, San Marcos, Texas 78666, and ERNST &: YOURG, FROST BANK ".rOWER, SUITE 1900, 100 West Houston Street, San Antonio, Texas 78205 hereinafter referred to as "AUDITOR", for auditing services in connection with the City I S annual audit requirements for fiscal years ending September 30, 1992 through September 30, 1996. WITNESSETH: CITY and AUDITOR do hereby agree as follows: ARTICLE 1 AUDI'l'OR"S SERVICES AND RESPORSIBILI'.rIES AUDITOR shall conduct an independent annual audit of all City accounts. The Auditor shall perform the audit in accordance with generally accepted auditing standards as defined by the American Institute of Certified Public Accountants (AICPA), Governmental Accounting Standards Board (GASB), the U.S. General Accounting Office's (GOA) Standards, OMB Circular A-128, and the Single Audit Act of 1984. 1 . 1 STANDARDS OF PERFOlUIARCE 1.1.1 The 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.l.2 The AUDITOR shall provide the CITY with a project team experienced in serving governmental entities. The project team shall work closely with CITY staff yet have overall responsibility for the successful completion of the project. The project team shall include: Coordinating Partner - Jimmy Junkin Technical Partner - Wayne Welge Project Senior Manager - Ken Finch Audit Senior - Pam Wright The AUDITOR's Basic Services shall consist of the following phases described in Paragraphs 1.2 through 1.4. 1 . 2 PLARNING PHASE The AUDITOR shall: 1.2.1 Conduct initial meetings with CITY staff. 1.2.2 If available, review the working papers of prior CITY auditors as necessary.