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Regular Council Meeting <br />May 21, 2001 <br />Page 8 <br />Roll Call: AYES: Mr. Busa <br />NAYS: Mr. Buckholtz, Mrs. Cinco, Mr. Ilacqua, Council President Marquardt <br />and Mrs. Mills <br />Variance Denied <br />OPEN PORTION - 3 minute limit imposed by Chair. Those who wish to speak must first state <br />their name and address. This open portion is limited to discussion pertaining to the items under <br />"Old Business" only. <br />There were no comments. <br />NEVV BiTSINESS <br />A motion to authorize an expenditure in arn amount not to exceed $10,000 to the Auditor of <br />State for audat fees <br />Mr. Ilacqua, seconded by Mrs. Mills, made a motion to authorize an expenditure in an amount <br />not to exceed $10,000 to the Auditor of State for audit fees. <br />Mayor Rinker said we submit annually to this audit program. This is something we initiated a <br />number of years ago. We started in 1993 because of transition. We found in 1995 that it makes <br />more sense to volunteer to do this on an annual basis. Over the years that this has been <br />undertaken, this is a pretty involved process from the Auditors of State. We think it is a good <br />benchmark and good to demonstrate to everyone in the community that this is a healthy way to <br />maintain the operation. I think money is well spent. <br />Mr. Busa said the audit report refers to the audit as a limited audit---limited to what for <br />$10,000? <br />Mr. Brett said the $10,000 is from a management letter. It is the upper bound of what the audit <br />will cost. It normally comes in less than that. The auditors explained at the audit committee that <br />in as much as I prepared the audit report for them that we saved some money. I am glancing <br />over the opinion letter and am not seeing the word limited anywhere. This is a full audit done in <br />accordance with government auditing standards. I see no reference... <br />Mr. Buckholtz said we went over this quite a bit in the Finance Committee. Mr. Ilacqua <br />questioned Mr. Brett on all details of the results of the audit. The word limited might refer to <br />samples are taken-from different departments. A full audit would be every piece. <br />Mr. Brett said unless there is a situation where you suspect fraud, it is not good practice to do <br />anything other than limited sampling. You wouldn't come in and pull every purchase order. <br />You wouldn't do that if you were Progressive or GM. Normal auditing procedures are that you