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HomeMy WebLinkAbout98-105RESOLUTION 98-105 RESOLUTION APPROVING Tl~E OPTION OF EXTENDING AUDITING SERVICES TO ABDO, ABDO, LICK & MEYERS FOR AUDIT YEARS 1998, 1999 AND 2000 MOTION BY: KEDROWSKI SECOND BY: PETERSEN WI-IEREAS, The City of Prior Lake has the option of extending the contract for audit services for a period of three more years; and WHEREAS, The certified public accountant firm of Abdo, Abdo, Lick and Meyers has been instrumental in improving the administrative controls of the City's financial operation; and The financial reports of the City of Prior Lake's fiscal condition has resulted in an unqualified opinion for the past three years; and The proposed annual cost for such audit services over the next three years is determined to be reasonable and cost effective. NOW TltEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the City of Prior Lake hereby exercises its option to engage Abdo, Abdo, Lick and Meyers to perform the audit services for the following years and cost: Year Audit Fee 1998 $10,560.00 1999 $10,885.00 2000 $11,215.00 Passed and adopted this 21st day of September, 1998. YES NO Mader X Mader Kedrowski X Kedrowski Petersen X Petersen Schenck X Schenck ~ {Seal} City manj~ / I 16200 La§lo Creek Ave. S.E., Prior Lake, Minnesota b~7~t-~/a~h. (612)447-4230 / Fax (612)447-424S AN EQUAL OPPORTUNITY EMPLOYER H:'d~E$'0LF. S98XX.DOC