HomeMy WebLinkAbout1976-08-09 321 AD RESOLVE321 M
i Introduced b Cawcilcx Her ereon, August 9, 1976
CITY OF BANGOR
(TITLE.) PS01tiCf_]Cspendi$ure_ior.. Audi...oi..Cooper_s.&_Lybrand_
By City Cooull of W Citm ofBaMpor
RRBOLVRD, THAT a sum not to exceed $8,500 be transferred from
the Contingent Account to the Council budget for the purpose of
providing funds to conduct an audit of the category labeled
Miscellaneous Expense contained in the Coopers &. Lybrand draft
report dated May 2, 9975.
321 AO
7 IN CTAP COUNCIL
August 9, 1946
Amended by adding 3Ttdr "1975",
"the details of the method of R E S O L V E
:.'providing the audit to be
authorized 'by the Finance Cosmentee " Expenditure for Audit of Coopers &
As amended, passed by the following Lybrand Misee
" yes and no vote: Comcllore voting RECEIVED
yes, Mallon, Rroontae, Fip�gan, � CITY OF BANGOR
Case, Henderson, Mooney, SducY, CITY CIEP.A'S OFFICE
Houles. Couveilor voting no:
Ragney' '76 AUG 5 A0 11 40
CITY CLER
Bangor, the roam of Maine -Me Gateway to Maine's North Woods and Seashore Resorts
GAtg of Pangs, eU9lnuu
August 5, 9976
TO: Members of the City Council C
FROM: Ted Jellison, Finance Director
SUBJECT: Coopers and Lybrand Miscellaneous Expense
included in the agenda for Monday night is a resolve requested by
Councilor Henderson which would provide funding for some form of
audit of the $85,223 included in the Coopers and Lybrand report and
labeled "Miscellaneous Expense^.
The $8,500 budget appears to be the upper limit of cast to the City
to have Coopers and Lybrand conduct a thorough audit of the -
"Miscellaneous" category. This figure is based on approximately 900
man hours of time plus expenses and supervision.
A second alternative, would still involve Coopers and Lybrand however,
City personnel would do much of the detailed time consuming work.
Coopers and Lybrand would then conduct an audit of the information
supplied by City personnel and submit a report to the council. This
alternative would cost approximately $4,000-$5,000 plus expenses and
City personnel time. I
A third alternative would be to obtain as little input from Coopers
and Lybrand as is necessary under the circumstances and then engage a
local auditor to perform the audit. Ihave contacted Brooks and Carter
and discussed this matter with them. They indicated a willingness to
perform if asked. The combination of Brooks and Carter and Coopers
and Lybrand would cost the City somewhere in the $3,000 to $4,000
range.
TCJ/br