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Ordinance No. 9,231ORDINANCE NQ'. ,9,31. ® AN ORDINANCE AUTHORIZING AND DIRECTING THE CITY MANAGER AND THE CITY CLERK OF THE CITY OF BAYTOWN TO EXECUTE AND ATTEST TO AN AGREEMENT WITH TILLER AND COMPANY, P.C., FOR FINANCIAL AUDITING SERVICES; AUTHORIZING PAYMENT BY THE CITY OF BAYTOWN, THE SUM OF SIXTY -NINE THOUSAND ONE HUNDRED THIRTY AND NO /100 DOLLARS ($69,130.00); MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes and directs the City Manager and the City Clerk of the City of Baytown to execute and attest to an agreement with Tiller and Company, P.C., for financial auditing services. A copy of said agreement is attached hereto, marked Exhibit "A," and made a part hereof for all intents and purposes. Section 2: That the City Council of the City of Baytown authorizes payment to Tiller and Company, P.C., for financial auditing services the sum of SIXTY -NINE THOUSAND ONE HUNDRED THIRTY AND NO 1100 DOLLARS ($69,130.00), pursuant to the Agreement. Section 3: That the City Manager is hereby granted general authority to approve any change order involving a decrease or an increase in costs of TWENTY -FIVE THOUSAND AND NO/ 100 DOLLARS ($25,000.00) or less; however, the original contract price may not be increased by more than twenty-five percent (25 %) or decreased by more than twenty-five percent (25 %) without the consent of the contractor to such decrease. Section 4: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 13t day of September, 2001. PETE C. ALFARO, Nfayor ATTES - Jl APPRO v'UD %S TO FORM: (=4L C- ® ACIO RAMIREZ, SR., ity ttorney d:1MyDocuments\ Counci1\00 -01\ September\ FinancialAuditingServicesAgreementWithTiller ® AGREEMENT FOR FINANCIAL AUDITING SERVICES STATE OF TEXAS § COUNTY OF HARRIS § WHEREAS, on the 11 `" day of July, 2001, the City of Baytown, hereinafter referred to as the "City," received the proposal from Tiller and Company, P.C., a Texas corporation, hereinafter referred to as the "Company," for the performance of the audit of the general purpose financial statements of the City of Baytown, Texas, and related entities, for the fiscal years ending September 30, 2001, 2002 and 2003, hereinafter the "Agreement"; WHEREAS, based upon such proposal, the Company and the City desire to enter into an agreement specifying the terms and conditions of such audits; and NOW THEREFORE, for and in consideration of the foregoing premises and the mutual covenants and agreements herein contained, the Parties hereto do hereby mutually agree as follows: I. Company's Obligations The Company shall diligently perform all services specified in its proposal for the financial audits of the City of Baytown, Texas, dated July 11, 2001, which proposal is attached hereto as Exhibit "A" and incorporated herein by this reference for all intents and purposes. These services shall be for the fiscal years ending September 30, 2001, 2002 and 2003 and are expressly subject to the contingency specified in Article 1X. II. Fees The Company hereby commits to performing the financial auditing services required by the City's Director of Finance at the fees stated below for each audit: 2001 $ 39,425.00 1 $ 6,090.00 $ 8,060.00 $ 8,535.00 $ 7,020.00 $ 69,130.00 2002 $ 39,425.00 $ 6,090.00 $ 8,060.00 $ 8,535.00 $ 7,020.00 $ 69,130.00 2003 $ 50,225.00 $ 6,090.00 $ 8,060.00 $ 8,535.00 $ 7,020.00 $ 79,930.00 $218,190.00. Agreement for Financial Auditing Services, Page 1 EXHIBIT A III. Indemnity THE COMPANY AGREES TO AND SHALL INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ANY AND ALL CLAIMS, LOSSES, DAMAGES, CAUSES OF ACTION, SUITS, AND LIABILITY OF EVERY HIND, INCLUDING ALL EXPENSES OF LITIGATION, COURT COSTS, AND ATTORNEYS' FEES, FOR DAMAGE TO ANY PROPERTY, LOSS OF REVENUE, OR ANY OTHER INJURIES OR DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE SERVICES PERFORMED BY THE COMPANY PURSUANT TO THIS AGREEMENT, 'THE CONDUCT OR MANAGEMENT OF THE COMPANY'S ACTIVITIES, OR FROM ANY ACT OR OMISSION BY THE COMPANY, ITS AGENTS, EMPLOYEES, OR SUBCONTRACTORS, WHERE SUCH DAMAGES, LOSSES OR INJURIES ARE CAUSED BY (I) THE JOINT NEGLIGENCE OF THE CITY AND ANY OTHER PERSON OR ENTITY OR (II) THE JOINT OR SOLE NEGLIGENCE OF THE COMPANY. IT IS THE EXPRESSED INTENTION OF THE PARTIES HERETO, BOTH THE COMPANY AND THE CITY, THAT THE INDEMNITY PROVIDED FOR IN THIS PARAGRAPH IS INDEMNITY BY THE COMPANY TO INDEMNIFY AND PROTECT THE CITY FROM (I) THE CONSEQUENCES OF THE CITY'S OWN NEGLIGENCE, WHERE THAT NEGLIGENCE IS A CONCURRING CAUSE OF THE RESULTING INJURY, DEATH OR DAMAGE AND /OR (II) THE CONSEQUENCES OF THE COMPANY'S SOLE OR JOINT NEGLIGENCE. FURTHERMORE, THE INDEMNITY PROVIDED FOR IN THIS PARAGRAPH SHALL HAVE NO APPLICATION TO THE CITY FOR ANY CLAIM, LOSS, DAMAGE, CAUSE OF ACTION, SUIT AND LIABILITY WHERE THE INJURY, LOSS OR DAMAGE RESULTS FROM THE SOLE NEGLIGENCE OF THE CITY, UNMIXED WITH THE FAULT OF ANY OTHER PERSON OR ENTITY. In the event that any action or proceeding is brought against the City by reason of any matter from which the City is indemnified herein, the Company further agrees and covenants to defend the action or proceeding by legal counsel acceptable to the City. This article shall survive the expiration or termination of this Agreement. IV. Payment The City shall pay the Company only for services actually performed and accepted. Such payment shall be within thirty (30) days after the City's receipt of an invoice for such services or upon receipt and acceptance of the services, whichever is later. Agreement for Financial Auditing Services, Page 2 V. Release The Company hereby assumes all liability and responsibility for injuries, claims or suits for damages to person or property, of whatever kind or character, whether real or asserted, occurring during the term of this Agreement, arising out of or by reason of the services to be provided by the Company. This article shall survive the expiration or termination of this Agreement. VI. Insurance The Company'shall provide the City with Certificates of Insurance evidencing the coverages required in Exhibit `B," which is attached hereto and incorporated herein for all intents and purposes. VII. No Assignment The Company shall not sell, assign, or transfer any of its rights or obligations under this Contract, in whole or in part, without prior written consent of the City. VIII. Termination The City, besides all other rights or remedies it may have, shall have the right to terminate this Agreement with or without cause upon ten (10) days' written notice from the City Manager to the Company of the City's election to do so. Furthermore, the City may immediately terminate this Agreement if the Company breaches the terms hereof. A breach of this Agreement shall include, but not be limited to, the following: failing to pay insurance premiums, claims or other charges; 2. failing to pay any payments due the City, State or Federal Government from the Company or its principals, including, but not limited to, any taxes, fees, assessments, liens; or any payments identified in this Agreement; 3. the_ institution of voluntary or involuntary bankruptcy proceeding against the. Company; 4. the dissolution of the Company; ® 5. the violation of any provision of this Agreement; and/or Aereement for Financial Auditing Services, Page 3 6. the abandonment of the Agreement or any portion thereof and discontinuance of the Company's services! or any portion thereof, as determined by the City Manager. Upon delivery of any notice of termination required herein, the Company shall discontinue all services in connection with the performance of the Agreement. Within ten (10) days after receipt of the notice of termination, the Company shall submit a final statement showing in detail the services satisfactorily performed and accepted and all other appropriate documentation required herein for payment of services. IX. Contingency It is expressly understood and agreed by both the Company and the City that this Agreement for fiscal years 2002 and 2003 are contingent upon funds being appropriated by the City Council of the City of Baytown for financial auditing services. Should funds not be appropriated, this Agreement shall become null and void and both parties shall be relieved of any and all obligations hereunder. without liability to the other party or to any other person or entity, with the exception of the liabilities assumed by the Company pursuant to Articles III and V hereof X. Notice Unless otherwise provided in this Contract, any notice provided for or permitted to be given must be in writing and delivered in person or by depositing same in the Unites States mail, postpaid and registered or certified, and addressed to the party to be notified, with return receipt requested, or by delivering the same to an officer of such party. Notice deposited in the mail as described above shall be conclusively deemed to be effective, unless otherwise stated in this Contract, from and after the expiration of three (3) days after it is so deposited. For the purpose of notice, the addresses of the parties shall be as follows unless properly changed as provided for hereinbelow: CITY OF BAYTOWN Attn: City Manager P. O. Box 424 Baytown, Texas 77522 -0424 TILLER AND COMPANY, P.C. Attn: Mark R. Tiller, CPA 1300 Rollingbrook, Suite 507 Baytown, TX 77522 -0563 Agreement for financial Auditing Services, Page 4 I El Each party shall have the right from time to time at any time to change its respective address and each shall have the right to specify a new address, provided that at least fifteen (15) days' written notice is given of such new address to the other party. XI. Non - waiver Failure of either party hereto to insist on the strict performance of any of the agreements herein or to exercise any rights or remedies accruing thereunder upon default or failure of performance shall not be considered a waiver of the right to insist on and to enforce by an appropriate remedy,-; strict compliance with any, other obligation hereunder to exercise any right or remedy occurring as a result of any fature, default or failure of performance. XII. Choice of Law and Venue This Agreement shall in all respects be interpreted and construed in accordance with and governed by the laws of the State of Texas, regardless of the place of its execution or performance. The place of making and the place of performance for all purposes shall be Baytown, Harris County, Texas. XIII. Severability All parties agree that should any provision of this Agreement be determined to be invalid or unenforceable, such determination shall not affect any other term of this Agreement, which shall continue in full force and effect. XIV. No Third -Party Beneficiaries This Agreement shall not bestow any rights upon any third party, but rather, shall bind and benefit the Company and the City only. XV. Entire Agreement This Agreement contains all the agreements of the parties relating to the subject matter hereof and is the full and final expression of the agreement between the parties. Agreement for Financial Auditing Services, Page 5 XVI. Ambiguity In the event of any ambiguity in any of the terms of this Agreement, it shall not be construed for or against any party hereto on the basis that such party did or did not author the same. XVII. The officers executing this Agreement on behalf of the parties hereby represent that such officers have full authority to execute this Agreement and to bind the party he represents. IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiple copies, each of which shall be deemed to be an original, but all of which shall constitute but one and the same agreement, this day of September, 2001. ATTEST: GARY W. SMITH, City Clerk APPROVED AS TO FORM: 4ACIO RAMIREZ, R. City Attorney CITY OF BAYTOWN, TEXAS MONTE MERCER, City Manager TILLER AND COMPANY, P.C. MARK R. TILLER, CPA ® Managing Shareholder Azreement for Financial Auditing Services, Page 6 STATE OF TEXAS COUNTY OF HARRIS Before me on this day personally appeared Mark R. Tiller, in his capacity as Managing Shareholder of Tiller and Company, P.C., on behalf of such corporation, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. SUBSCRIBED AND SWORN before me this day of September, 2001. Notary Public in and for the State of Texas ® c: ldh277\Financel FnancialAuditingContract \TilerAgreement Agreement for Financial Auditing Services, Page 7 0'.. U PROPOSAL FOR THE FINANCIAL AUDITS OF THE CITY OF BAYTOWN, TEXAS TILLER AND COMPANY, P.C. CERTIFIED PUBLIC ACCOUNTANTS 1300 ROLLINGBROOK, SUITE 507 P.O. BOX 563 BAYTOWN, TEXAS 77522 -0563 (281) 427. -7517 CONTACT PERSON: MARK R. TILLER, CPA JULY 11, 2001 E=ff A �1 0 � 0,; TABLE OF CONTENTS 0 DESCRIPTION SECTION PAGE TITLE PAGE TABLE OF CONTENTS LETTER OF TRANSMITTAL AND EXECUTIVE SUMMARY QUALIFICATIONS AND EXPERIENCE OF FIRM .... ............................... E & F 4 QUALIFICATIONS AND EXPERIENCE OF PARTNER AND AUDITING STAFF SIMILAR ENGAGEMENTS .............. ............................... H & R 8 APPROACH AND STRATEGY TO THE EXAMINATION I 9 . ... ............................... MISCELLANEOUS AND ADDITIONAL DATA _ .. _ _ . _ . . COST OF SERVICES INCLUDING HOURS AND RATES ........................................................ N O P Q & S 15 REQUEST FOR PROPOSALS KI HIM ANd COMPANY C & D A PROFESSIONAL CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS LETTER OF TRANSMITTAL AND EXECUTIVE SUMMARY July 11, 2001 To the Honorable Mayor and City Council, City of Baytown, Texas Gentlemen: We are pleased to have been asked to submit a proposal for the audit of the general purpose financial statements of the City of Baytown, Texas (the City) for the years ending September 30, 2001, 2002 and 2003. We will examine the City's Comprehensive Annual Financial Report for each of the years noted above and will express an opinion as to the fair presentation of the data contained therein. We will audit the general purpose . financial statements in accordance with generally accepted auditing standards, as adopted by the memberships of the American Institution of Certified Public Accountants and the Governmental Accounting Standards Board, the standards for the financial audits set forth in the U.S. General Accounting Office's (GAO) Government Auditing Standards (1994), the provisions of the federal Single Audit Act of 1996 and the provisions of U.S. Office of Management and Budget (OMB) Circular A -133, Audits of State and Local Governments as well as the following additional requirements: examination for compliance with procedures established by City Charter, City Ordinance or, where applicable, State and Federal Laws, or Regulations. The combining, individual fund and account group statements containing all funds and account groups maintained by the City will be subjected to the auditing procedures applied in the audit of the general purpose financial statements. The accompanying statistical information provided for the purpose of additional analysis shall be examined to the degree necessary. for an opinion satisfactory for the City to apply for the Certificate of Achievement for Excellence in Financial Reporting. • As part of the audit of the general purpose financial statements, transactions and records pertaining to federal programs will be tested for material compliance with federal laws, rules, and regulations, and all instances of noncompliance will be reported to the City. A management letter detailing any improvements that can be made in internal controls, the accounting system and the financial reports as noted during the audit will be reported to the City. A separate report will be issued for the Baytown Area Water Authority. 1300 ROLLING BROOK / POST OFFICE BOX 563 I BAYTOWN, TEXAS 77522 -05631 (281) 427 -7517 / FAX •(281) 422 -5013 MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBUC ACCOUNTANTS - THE TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS A separate report will be issued on the Harris County Organized Crime and Narcotics ®� Task Force which, from an accounting perspective, is a special revenue fund of the City. Currently the Task Force grant year ends May 3151 of each year. A separate report will be submitted after the first six months of each year (2002, 2003, 2004) based upon Council's direction. This report will be an audit of a particular distinct. area for compliance, economy of efficiency or an investigation of specific matters. At the completion of the audits, we will meet with the Finance Committee of the City Council, the City Manager and City finance staff to discuss audit findings and to answer any concerns of the Council Finance Committee. In addition, we will meet with the Baytown Area Water Authority (BAWA) staff and the BAWA Board to answer any concerns they might have. A Shareholder will be present at the City Council meeting when the Comprehensive Annual Financial Report is presented to the full City Council. We will expect to begin final field work during the second week in November and shall present the Comprehensive Annual Financial Report to the full City Council on the second Thursday in January of the year following the year on which our opinion is being expressed. We understand that the Comprehensive Annual Financial Report will be prepared by City staff. However, we will be available for assistance as requested. Prior to submission of the completed financial report, we will review a draft of the proposed report and management letter with the Finance Director. The fees for the annual audits for the fiscal years ending September 30 and other periods outlined in the request for proposal, are as follows (See detail .in requested format later in this proposal): September 30, 2001 $ 69,130 September 30, 2002 69,130 September 30, 2003 69,130 10,800 (GASB #34) These fees include all services contemplated by the request for proposal (RFP 0105 -02) issued by the City of Baytown, Texas. The person authorized to make representations for our firm concerning this proposal is: Mark R. Tiller, CPA Managing Shareholder 1300 Rollingbrook, Suite 507 Post Office Box 563 Baytown, Texas 77522 -0563 ® 281 -427 -7517 -2- The person signing this letter is authorized to bind Tiller and Company, P.C. to the terms of this proposal. Tiller and.Company, P.C. is licensed to practice in the state of Texas and this proposal shall be valid and irrevocable for a minimum period of 60 days subsequent to the RFP closing date. Tiller and Company, P.C. is independent of the City of Baytown, Texas and any component units as defined by the U.S. General Accounting Office's Government Auditing Standards (1994) . We appreciate very much this opportunity to submit this proposal and you can be assured of our desire to render a high standard of service. If selected, we are committed to performing the services covered in this proposal in a timely, professional manner and as specified by the request for proposal. We would be most pleased to be the independent certified public accountants retained by the City of Baytown, Texas. - Very truly yours, Mark R. Tiller, CPA Tiller and Company A Professional Corporation of Certified Public Accountants -3- v E & F QUALIFICATIONS AND EXPERIENCE OF FIRM Tiller and Company, P.C. is a local public accounting firm of certified public accountants. The Firm maintains an office on the fifth floor of the Southwest Bank of Texas (Rollingbrook Branch), 1300 Rollingbrook, Baytown, Texas, and conducts all of its audit practice from that office. The current breakdown of our professional and support staff is as follows: 2 Shareholders 2 Managers 2 Seniors 1 Staff 2 Para professionals 3 Support staff - CPA's - CPA's - CPA's - Degreed - Non- degreed Our Firm provides a wide range of auditing, accounting, tax and management consulting services to our existing clients. The Firm is committed in its efforts to provide quality service based on client needs. Great emphasis is placed on continuing education. The key staff members indicated in this proposal have completed continuing education courses offered by The Texas Society of Certified Public Accountants and the American Institute of Certified Public Accountants, specifically related to the audits of local governmental units. Tiller and Company, P.C.has an extensive audit practice and has performed annual audits and special service engagements for a number of local governmental units, school districts, and for -profit clients for over 30 years. All engagements have been properly completed on time and in full compliance with related regulatory guidelines and reauirements. Our Firm believes that all professional and para professional personnel should possess skills and knowledge in the area of computer science. Therefore, all Firm personnel working on the City audit would be skilled in areas related to computer science and application. Our Firm currently audits a number of companies /entities with varied, sophisticated computer systems and therefore, our personnel have the capability of auditing computerized information and accounting systems. Our Firm is a member of the Texas Society of Certified Public Accountants, The American Institute of Certified Public Accountants and the Private Companies Practice Section, Division for Certified Public Accounting Firms of the American Institute of 'Certified Public Accountants. In 1998, we successfully completed our most recent peer review which included review of selected government engagements and are currently preparing for our next review scheduled for September of 2001. -4- EI HENRY PETERS PC CERTIFIED PUBLIC ACCOUNTANTS November 17, 1998 To Mr. Mark Tiller, CPA Tiller and Company, P.C. We have reviewed the system of quality control for the accounting and auditing practice of Tiller and Company, P.C. (the firm) in effect for the year ended March 31, 1998. Our review was conducted in conformity with standards established by the Peer Review Board of the American Institute of Certified Public Accountants ( AICPA). We tested compliance with the firm's system of quality control to the extent we considered appropriate' These tests included a review of selected accounting and auditing engagements. In performing our review, we have given consideration to the quality control standards for an accounting and auditing practice issued by the AICPA. Those standards indicate that a firm's quality control policies and procedures should be appropriately comprehensive and suitably designed in relation to the firm's size, organizational ational sr*ucture, operating policies, and the nature of its practice. They state that variance in an individual's performance and understanding of professional requirements or the firm's quality control policies and procedures can'affect the degree of compliance with a firm's prescribed quality control policies and procedures and, therefore, the effectiveness of the system. In our opinion, the system of quality control for the accounting and auditing practice of Tiller and Company, P.C. in effect for the year ended March 31, 1998, has been designed in accordance with the quality control standards for an accounting and auditing practice established by the AICPA and was being complied with for the year then ended to provide the firm with reasonable assurance of conforming with professional standards in the conduct of that practice. Tiller and Company, P.C. is a member of the Private Companies Practice Section of the AICPA Division for CPA Firms (the section) and has agreed to comply with the membership requirements of the section. In connection with our review, we tested the firm's compliance with those requirements to the extent we considered appropriate. In our opinion, the firm was in conformity with the membership requirements of the section for the year ended March 31, 1998, in all material respects. �pju Y r. PE HENRY TERS, P.C. -5- 3310 S. Broadway, Suite 100 - Tyler, Texas 75701 -7851 -903 -597 -6311 - Fax 903 =597 -0343 1127 Judson Road, Suite 233 - Longview, Texas 75601 -5157 - 903 -758 -0648 - Fax 903 - 758 -0409 www.henrypcters.com - E -mad: info@henryperers.com ® G QUALIFICATIONS AND EXPERIENCE OF PARTNER AND AUDITING STAFF n Key employees who will perform substantially all of the planning and field work on the engagement are: Mark Tiller CPA - Partner Mark Goodin CPA - Manager Consultant engaged by Tiller and Company, P.C. to assist in quality assurance related to the engagement: David Holt CPA - Governmental Financial and Accounting Consultant and Instructor Resumes for these individuals are as follows (all are licensed to practice as a Certified Public Accountants in Texas): Mark R. Tiller, CPA - Partner Mr. Tiller will be the shareholder responsible for the timely completion and delivery of this engagement if selected. He will be in daily contact with staff working on the engagement and will be heavily involved in the planning process and field. supervision. Mr. Tiller will be easily and actively accessible to Mrs. Sams and her staff during all phases of the engagement. Mr. Tiller has over 30 years of experience in evaluating accounting systems and related controls in public accounting. Mr. Tiller holds a BBA in accounting from Texas A &M University. Mark D. Goodin, CPA - Manager Mr. Goodin is a 1980 graduate of the University of Houston - Clear Lake with over 15 years experience in audits of Local Governmental Units and School Districts. He has experience with City, School District and Not - for -Profit audits. Mr. Goodin has fulfilled the continuing professional education requirements of the AICPA, the Texas State Board of Public Accountancy and Governmental Auditing Standards. Mr. Goodin has been the lead auditor on the City of Baytown engagement under the terms of our prior contracts. David W. Holt, CPA, MBA Received an Outstanding Instructor Award from the AICPA for CPE courses taught during 1993 - 94. He is a frequent discussion leader for numerous continuing education sponsors and a contributing author of the PPC "Guide to Preparing Governmental Financial Statements". David is also the author of CPE courses entitled: - Governmental Accounting and Auditing Update - Nonprofit Accounting and Auditing Update - Accounting and Auditing Update and Review His professional experience includes more than fifteen years in public accounting with "Big 6" and local CPA firms, and as a sole practitioner. He has provided consulting accounting and auditing services for diverse client base. He is an honors graduate (BBA in accounting) from the University of Houston and received his MBA from the University of St. Thomas (Houston, Texas). The following is a list of the continuing professional education courses that were attended by Tiller and Company, P. C. employees within the last several years which would relate directly or indirectly to the audit of the City: Course Description Audits of State and Local Governments Governmental Accounting Texas School District Auditing Analysis of School District Accounting Auditing and. Accounting Update Advanced Texas School District Auditing Compliance Auditing - Risk Assessment Nonprofit Organizations Advanced Financial Reporting for Governments Audits of State and Local Governments L.J -7- Sponsor TSCPA AICPA TSCPA TSCPA AICPA TSCPA TSCPA TSCPA TSCPA AICPA r3 i SIMILAR ENGAGEMENTS The following is a representative list of Tiller and Company, P.C.'s audit clients and references: Client Contact Person Telephone San Augustine Independent School District - Patti McCleran (936) 275 -2301 High School Drive San Augustine, Texas 75972 Citizens Bank and Trust Company /Southwest Bank of TX Connie Magouirk (281) 427 -5771 1300 Rollingbrook Drive Baytown, Texas 77521 Houston Distributing Company, Inc. P (281) 880 -2701 7100 High Life Drive Houston, Texas 77066 San Augustine City — County Hospital District Terry Wall (9a&T,27� P.O. Box 671 San Augustine, Texas 75972 City of Baytown Donna Sams (281) 420 -6501 2401 Market Street Baytown, Texas 77522 C El APPROACH AND STRATEGY TO THE EXAMINATION Audit Approach Tiller and Company., P.C.'s anticipated approach to the examination is outlined in the proposed draft audit budget (see attached this section). The budget is on first hand knowledge of the City's specific circumstances of prior years. However, we anticipate amendments to the budgets during the formal planning process. This first draft budget is presented as an outline and general indication of the audit approach. Regardless of the required audit hours necessary to complete the audit's of the City's general purpose financial statements accurately and on time, Tiller and Company P.C. will commit itself to the feq quoted in this proposal. We view this pledge as our investment in a long term relation -W,, based on our knowledge that the City continues to strive for quality performance in its accounting function. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore,. our audit will involve judgment about the number of transactions to be examined and the areas to be tested. The primary purpose of the examination will be to express an opinion on the general purpose financial statements. Therefore, we will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. However, because of the concept of reasonable assurance and because we will not perform a detailed examination of all transactions, there is a risk that material errors, irregularities, or illegal acts, including fraud or defalcations, may exist and not be detected by us. We will promptly advise you, however, of any matters of that nature that come to our attention. Our responsibility as auditors is limited to the period covered by our audit and does not extend to matters that might arise during any later periods for which we are not engaged as auditors. No extended services will be performed unless they are authorized in the contractual agreement or in an amendment to the agreement. Whenever services not contemplated by our fee estimate are requested, we will meet with you in advance of undertaking such work and provide you with an estimate of the costs involved. KIM Audit Strategy One characteristic of governmental units that has an overriding influence on audit approach is the lack of a profit motive and the corresponding expected relationship between revenues and expenditures. Other characteristics of governmental units that have an important effect on audit approach are as follows: Fund -type balance sheet account balances are relatively small dollar amounts in comparison to the level of revenues and expenditures that flow through the fund types in an annual period. There is a high public interest and reaction to fraud, waste, and abuse involving governmental resources. The Single Audit requires the auditor to obtain an understanding of the internal control structure policies and procedures established to ensure compliance with laws and regulations affecting expenditures of federal grant funds and perform tests of controls of those policies and procedures. These characteristics of governmental units mean that a governmental audit will have a more focused consideration of compliance with laws and regulations, a greater emphasis on transaction testing, and more concern with internal control structure. In considering assertions, objectives, and procedures for a governmental engagement, it Js useful to consider audit approach by the following broad categories of fund types or account groups: Governmental and aeencv funds Proprietary Funds General fixed assets and long -term debt account groups -10- Important overall aspects of d ® relate to substantive tests of transa engagement, transaction testing is rel categories of transactions that should of transactions within the revenue ca Generally, it is necessary to specify au those objectives for each major class transactions also need to be identified. personnel services (salaries, wages, expenditures. In specific circumstanc category may be important, e.g., in services. igning audit programs for a governmental engagement ions and analytical procedures. In a governmental vely more important. Generally, there are two broad tested - revenues and expenditures. The major classes gory need to be identified to plan the audit process. t objectives and select appropriate procedures to achieve revenue transaction. The major classes of expenditure ..or most governmental units, major classes will include nd benefits), goods and other services, and capital , other major classes of transactions in the expenditure rect cost allocations or encumbrances for goods and Because .of the relative importance of transaction testing in a governmental engagement, we will use some audit programs that are directed primarily to a transaction class rather than the related balance sheet account balances The common areas in a governmental engagement where the focus is primarily on transactions are as follows: Revenue, Expenditures for Payroll (salaries, Also, there are other areas in balance sheet account balances and tra Property, Debt and debt Tiller and Company uses a p, Practitioners Publishing Company, wl specialized audit programs and workpa., generated materials have been approv conforming with professional standards complete several other extensive plann Form, Planning Materiality Workshe( which will help us ensure that the enga the assigned staff will incorporate the u audit objectives as defined by the Practi developed for local governmental units. and receipts and services and accounts payable , and benefits) and related liabilities rental engagements that are concerned with both classes. The primary examples are as. follows: and capital expenditures expenditures age (software and printed materials), developed by 1 provides the ability to tailor design and produce 's for local governmental units. These programs and by the AICPA as reliable aids to assist users in ding with audits of local governmental units. We will documents such as a Governmental Audit Planning and Governmental Engagement Budget Projection ment is properly planned and executed. In addition, of personal computers to assist them in achieving the ners Publishing Company audit programs specifically - 11 - _ The workpapers and related reports for this engagement would be subjected to a three ® tier quality control review and reporting compliance review by our firm before issuance of our reports. The audit manager assigned to this engagement would have the primary responsibility of ensuring that the staff has properly completed their assigned segments of the engagement. Once his review is completed and the reports drafted, the assigned shareholder would review the workpapers, reports and various compliance review checklists. In addition, we have engaged a third party governmental reporting specialist to review the reports and workpapers (David Holt). All three reviews would incorporate the use of specialized documents such as: Governmental Fund Structure and Accounting Checklists Auditing Standards for Governmental Audits Checklists Governmental Audit Engagement Checklists The shareholder to be assigned to this engagement would be: Mark Tiller, CPA A 1976 graduate of Texas A &M University. Before joining the Firm in 1980, Mr. Tiller obtained five years of extensive audit experience with the national accounting firm of Coopers & Lybrand. Managing shareholder since 1983, Mr. Tiller is currently responsible for the Firm's overall audit practice. His annual continuing education hours average in excess of 40 hours and they include annual participation in courses offered on the audits of local governmental units. -12- J,K,L & M MISCELLANEOUS AND ADDITIONAL DATA i Tiller & Company, P.C. has been the most recent independent outside accounting firm for the City of Baytown. There have been no other professional relationships involving the City. A conflict of interest relative to performing the proposed audits does not exist. As a result of our prior involvement with the City as independent auditors we understand the level of technical assistance and advice concerning accounting and auditing issues that may arise during the course of the audit and are prepared and qualified to provide those needs. As outlined in our audit approach we have the necessary capabilities to audit computerized systems and can provide the needed support to assist the City in successfully participating in the Certificate of Achievement Program of the Government Financial Officers' Association. We do not anticipate a need for any increase in City staff support over the prior three years to complete the proposed audit. We agree with and can meet the time line as outlined in the RFP and would anticipate that information as provided by the City in prior years will be adequate to meet reporting deadlines. Based on information provided by city financial staff we are to anticipate the "6 Month Report" to require approximately', 70 to 125 hours and our fee proposals are based on that expectation. We would anticipate working closely with council and city staff in defining that engagement each year. In our industry we generally refer to these types of engagements as "Agreed Upon Procedures" engagements. Before', beginning this type of engagement we, with city staff, would define in detail the scope of the work to be performed. We would anticipate our report for the "6 Month Report" to generally read as follows: i To the Mayor and City Council, City of Baytown, Texas At your request, we ',have applied the procedures enumerated below with respect.to the accounting records of The City of Baytown, Texas for the period ended (agreed upon date). Our procedures and findings are as follows: (Describe procedures and findings). Because the procedures noted above do not constitute an audit made in accordance with generally accepted auditing standards, we do not express an opinion on any of the accounts or items referred to above. -13- I—] LL In connection with the procedures referrdd to above, no matters came to our attention that caused us to believe that the specified accounts or items should be adjusted. Had we performed additional procedures or had we made an audit of the financial statements in accordance with generally accepted auditing standards, matters might have come to our attention that would have been reported to you. This report relates only to the accounts and items specified above and does not extend to any financial statements of The City of Baytown, Texas taken as a whole. There is no further additional data we wish to present at this time. MEE N,O,P,Q & S COST OF SERVICES SCHEDULES INCLUDING HOURS AND RATES The total hours and hourly rates required by staff classification are as outlined in the attached schedules (pages 16 - 24). We anticipate the use of data processing during our examination, but do not anticipate the need for an unusual amount of time from the City's data processing staff based on our current knowledge of the City's accounting system. However, in our detail planning of the audit, we will define any significant segment of City staff time needed in this area, if any. If selected, we understand that payments will be made on the basis of hours of work completed during the course of the engagement in accordance with the dollar cost bid proposal. Our maximum fee estimates for the audits of the City, as more fully described below, are: Total Detail Financial Single Six Audit Audit BAWA HCOCNTF Months 2001 $ 69,130 $39,425 $6,090 $8,060 $8,535 $7,020 2002 $ 69,130 $39,425 $6,090 $8,060 $8,535 $7,020 2003 $ 69,130 $50,225 $6,090 $8,060 $8,535 $7,020 $10,800 (GASB #34) OPTION PERIOD FEE ESTIMATES The two elements that have the greatest potential for influencing the option period audit costs are the unknown recurring impact of GASB #34 on the audit process and inflation driven by the general economy. But for these two elements, and the impact they might have on the audit hour budget and the cost of maintaining qualified personnel, we do not anticipate adjustments to the audit cost for the option period. However, considering the ever changing nature of reporting requirements and thus audit requirements we believe presenting detail cost numbers for the option period would at this time, be impracticable. - 15 - TILLER AND COMPANY, P.C. BUDGETED AUDIT ENGAGEMENT TIME FOR THE YEARS ENDED SEPTEMBER 30, 2001 AND 2002 STAFF BUDGETED HOURLY DESCRIPTION LEVEL HOURS RATE FINANCIAL AUDIT PLANNING PARTNER MANAGER GENERAL PROCEDURES PARTNER MANAGER STAFF MINUTES, CONTRACTS, MANAGER ORDINANCES AND LAWS STAFF CASH MANAGER STAFF INVESTMENTS MANAGER STAFF REVENUE, RECEIVABLES AND RECEIPTS - MANAGER GOVERNMENTAL FUNDS STAFF SERVICE REVENUE AND RECEIVABLES - MANAGER PROPRIETARY FUND TYPES STAFF EXPENDITURES FOR GOODS AND SERVICES AND MANAGER ACCOUNTS PAYABLE STAFF PAYROLL AND RELATED MANAGER LIABILITIES STAFF INVENTORIES MANAGER STAFF PROPERTY, EQUIPMENT AND MANAGER CAPITAL EXPENDITURES STAFF DEBT AND DEBT SERVICE MANAGER EXPENDITURES STAFF TRUST AND AGENCY FUNDS MANAGER STAFF FUND EQUITIES MANAGER STAFF GRANT AND SIMILAR MANAGER PROGRAMS STAFF -16- 16 $ 25 8 21 16 8 5 8 16 8 10 15 30 15 40 10 30 5 8 2 3 10 15 10 15 10 16 3 5 25 25 140 $ 95 140 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 95 75 FEE ESTIMATE ATSTANDARD 2,240 2,375 1,120 1,995 1,200 760 375 760 1,200 760 750 1,425 2,250 1,425 3,000 950 2,250 475 600 190 225 950 1,125 950 1,125 950 1,200 285 375. 2,375 1,875 -17- TILLER AND COMPANY, P.C. ® BUDGETED AUDIT ENGAGEMENT TIME FOR THE YEARS ENDED SEPTEMBER 30, 2001 AND 2002 FEE STAFF BUDGETED HOURLY ESTIMATE DESCRIPTION LEVEL HOURS RATE ATSTANDARD INSURANCE AND SELF- MANAGER 2 95 190 INSURANCE STAFF 3 75 225 CAFR REVIEW PARTNER 20 140 2,800 MANAGER 30 95 2,850 MANAGER'S REVIEW MANAGER 25 95 2,375 PARTNER'S REVIEW PARTNER 30 140 4,200 " TOTAL FINANCIAL AUDIT li 543 50,175 SINGLE AUDIT PARTNER 6 140 840 MANAGER 45 95 4,275' STAFF 13 75 975 TOTAL SINGLE AUDIT 64 6090 BAWA AUDIT PARTNER 9 140 1,260 MANAGER 40 95 .3,800 STAFF 40 75 3,000 TOTAL BAWA AUDIT 89 8,060 HCOCNTF AUDIT PARTNER 9 140 1,260 MANAGER 45 95 4,275 STAFF 40 75 3,000 TOTAL HCOCNTF AUDIT 94 8535 SIX -MONTH AUDIT PARTNER 13 140 1,820 MANAGER 35 95 3,325 STAFF 25 75 1,875 TOTAL SIX -MONTH AUDIT 73 7020 TOTAL AUDITS 863 79,880 LESS DISCOUNTED FEE FROM STANDARD (10,750) MAXIMUM FEE ESTIMATE ($80 PER HOUR AVERAGE ACTUAL) $ 69,130 -17- EXHIBIT A CITY OF BAYTOWN SCHEDULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES SUMMARY Item Quantity Total 1. a. 9/30/2001 Financial Audit 1 each $ 39,425 b. 9/30/2001 Single Audit 1 each $ 6,090 C. 9/30/2001 Baytown Area Water Authority Financial Audit 1 each $ 8,060 d. 5/31/2002 Harris County Organized Crime and Narcotics Task Force 1 each $ 8,535 e. 3/31/2002 Six -Month Audit l each $ 7,020 Total Item #1 $ 69,130 2. a. 9/30/2002 Financial Audit 1 each $ 39,425 b. 9/30/2002 Single Audit I each $ 6,090 c. 9/30/2002 Baytown Area Water Authority Financial Audit 1 each $ 8,060 d. 5/31/2003 Harris County Organized Crime and Narcotics Task Force 1 each $ 8,535 e. 3/31/2003 Six -Month Audit 1 each $ 7,020 Total Item #2 $ 69,130 3. " a. 9/30/2003 Financial Audit 1 each $ 50,225 b. 9/30/2003 Single Audit 1 each $ 6,090 c. 9/30/2003 Baytown Area Water Authority Financial Audit 1 each $ 8,060 d. 5/31/2004 Harris County Organized Crime and Narcotics Task Force 1 each $ 8,535 e. 3/31/2004 Six -Month Audit 1 each $ 7,020 Total Item #3 $ 79,930 Grand Total $ 218,190 C ® EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES FINANCIAL AUDIT FOR THE YEARS ENDING SEPTEMBER 30, 2001 AND 2002 HOURS HOURLY RATE TOTAL PARTNERS 74 $ 140 $ 10,360 MANAGERS 232 95 22,040 STAFF 237 75 17,775 OTHER (specify) Out -of Pocket expenses _ Meals and lodging _ Transportaion _ Total Less discounted fee Maximum fee estimate KI I 543 . _19- 50,175 (10,750) $ 39,425 EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES FINANCIAL AUDIT FOR THE YEAR ENDED SEPTEMBER 30, 2003 HOURS HOURLY RATE TOTAL NORMAL ANNUAL BUDGET PARTNERS —74–S— 140 $ 10,360 MANAGERS 232 95 22,040 STAFF 237 75 17,775 TOTAL. NORMAL ANNUAL BUDGET 543 310 50,175 ADDITIONAL GASB 34 IMPLEMENTATION COST PARTNERS 60 $ 140 8,400 MANAGERS 90 95 8,550 STAFF - 75 - TOTAL ADDITIONAL GASB 34 IMPLEMENTATION COST 150 310 16,950 OTHER (specify) .Out -of Pocket expenses _ Meals and lodging _ Transportaion _ Total budget 693 67,125 Less discounted fee (16,900) Maximum fee estimate $ 50,225 -20- EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES SINGLE AUDIT FOR THE YEARS ENDING SEPTEMBER 30,2001, 2002 AND 2003 HOURS HOURLY RATE TOTAL PARTNERS 6 $ 140 $ 840 MANAGERS 45 95 4,275 STAFF 13 75 975 OTHER (specify) Out -of Pocket expenses _ Meals and lodging _ Transportaion 1w Total -21- 64 . $ 6,090 LJ EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES BAYTOWN AREA WATER AUTHORITY FOR THE YEARS ENDED FOR THE YEARS ENDED SEPTEMBER 30, 2001, 2002 AND 2003 HOURS HOURLY RATE TOTAL PARTNERS 9 $ 140 $ 1,260 MANAGERS 40 95 3,800 STAFF 40 75 3,000 OTHER (specify) Out -of Pocket expenses _ Meals and lodging Transportaion _ Total 89 $ 8,060 -22- EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES HARRIS COUNTY ORGANIZED CRIME AND NARCOTICS TASK FORCE FOR THE YEARS ENDED SEPTEMBER 30, 2001, 2002 AND 2003 HOURS HOURLY RATE TOTAL PARTNERS 9 $ 140 $ 1,260 MANAGERS 45 95 4,275 STAFF 40 75 3,000 OTHER (specify) Out -of Pocket expenses Meals and lodging Transportaion Total -23- 94 $ 8,535 EXHIBIT B CITY OF BAYTOWN SCHDEULE OF PROFESSIONAL FEES, EXPENSES FOR PROFESSIONAL AUDITING SERVICES SIX -MONTH AUDIT FOR THE YEARS ENDING SEPTEMBER 30, 2001, 2002 AND 2003 HOURS HOURLY RATE TOTAL PARTNERS 13-$ 140 $ 1,820 MANAGERS 35 95 3,325 STAFF 25 75 1,875 OTHER (specify) Out -of Pocket expenses - Meals and lodging - Transportaion - Total 73 $ 7,020 Rate for hours in excess of those above or for services outside the specified scope: $80 per hour -24- Exhibit B: Minimum Insurance Requirements Throughout the term of this Agreement and any extension thereof, the Company at its own expense shall purchase, maintain and keep in force and effect insurance against claims for injuries to or death of persons or damages to property which may arise out of or result from the Company's operations and/or performance of the work under this Agreement, whether such operations and/or performance be by the company, its agents, representatives, volunteers, employees or subconsultants or by anyone directly or indirectly employed by any of them, or by anyone for whose acts any of them may be liable. The Company's insurance coverage shall be primary insurance with respect to the City, its officers, agents and employees, including the City. Any insurance or self - insurance maintained by the City, its officials, agents and employees shall be considered in excess of the Company's insurance and shall not contribute to it. Further, the Company, shall include all subconsultants as additional insureds under its commercial general liability policies or shall furnish separate certificates and endorsements for each subconsultant. All coverage for subconsultants shall be subject to all of the requirements stated herein. The following is a list of standard insurance policies along with their respective minimum coverage amounts required in this Agreement: Commercial General Liability (CGL) General Aggregate: $1,000,000 Per Occurrence: $500,000 Fire Damage: $50,000 a. Coverage shall be at least as broad as ISO CG 00 01 10 93 b. No coverage shall be excluded from standard policy without notification of individual exclusions being attached for review and acceptance. Errors & Omissions (E &O) Limit: $250,000 a. Claims -made form is acceptable. Coverage will be in force for two years after services are completed and accepted by the City. Workers' Compensation: Statutory Limits Employer's Liability: $500,000 a. Waiver of Subrogation required Upon execution of the Agreement, the Company shall file with the City valid Certificates of Insurance and endorsements acceptable to the City. Such Certificates shall contain a provision that coverage afforded under the policies will not be canceled, suspended, voided, or reduced until at least sixty (60) days' prior written notice has been given to the City via certified mail, return receipt requested. The Company shall also file with the City valid Certificates of Insurance covering all subcontractors. The following are general requirements applicable to all policies: ➢ AM Best Rating of A; VII or better. ➢ Insurance carriers licensed and admitted to do business in State of Texas will be accepted. ➢ Liability policies will be on occurrence form. ➢ The City, its officials and employees are to be added as Additional Insured to liability policies. ➢ Upon request of and without cost to City of Baytown, certified copies of all insurance policies and/or certificates of insurance shall be furnished to City of Baytown's representative. Certificates of insurance showing evidence of insurance coverage shall be provided to City of Baytown's representative prior to any work being performed at the site.. ➢ Upon request of and without cost to City of Baytown, loss runs (claims listing) of any and/or all insurance coverage shall be furnished to City of Baytown's representative. 18 c: klh277\ HumanResources\ InsuranceRequirements \Tillerinsurance 2