1991-115e updocs\deltou o
ORDINANCE AO (?/-//67
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT BETWEEN
THE CITY OF DENTON AND DELOITTE & TOUCHE TO PROVIDE AUDITING SER-
VICES AS AUDITORS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1991,
AND PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the Mayor is authorized to execute an
Agreement between the City of Denton and Deloitte & Touche
designating them the auditing firm for the City of Denton for the
fiscal year ending September 30, 1991, in accordance with the
conditions set forth in the Agreement, a copy of which is attached
hereto
SECTION II That the expenditure of funds in an amount not to
exceed $39,500 is hereby authorized
SECTION III That this ordinance shall become effective imme-
diately upon its passage and approval
PASSED AND APPROVED this the day of 1991
BOB CASTLEBERRY, MAYOR
ATTEST
JENNIFER WALTERS, CITY SECRETARY
BY
APP OVED S TO LEGAL FORM
DEBRA A DRAYOVITCH, CITY ATTORNEY
BY c L/"
e wpdocs\79770
AGREEMENT FOR AUDITING SERVICES BETWEEN
THE CITY OF DENTON AND DELOITTE & TOUCHE
This Agreement, is entered into on 1991,
between the City of Denton (City), a munic al corporation, and
Deloitte & Touche (Auditor) For and in consideration of the
mutual covenants contained herein, the parties agree as follows
I SCOPE OF WORK
Auditor shall audit the City's general purpose financial state-
ments for the year ending September 30, 1991 The audit shall be
performed in conformity with generally accepted accounting stan-
dards and Government Auditing Standards, issued by the Comptroller
General of the United States, and shall include tests of the
accounting records and procedures sufficient to express an informed
opinion of the City's financial statements Auditor will also
perform a single audit of the City's Federal and state financial
assistance programs as required by the "Single Audit Act of 1984"
and the Office of Management and Budget's (OMB) Circular A-128
Auditor shall furnish the City its letter of opinion, together with
a written management report, setting forth the results of the audit
and Auditor's recommendations
Auditor shall attend one or more meetings of the City's City
Council for the purpose of discussing the audit and report
Auditor shall communicate to the City Council
1 Irregularities and illegal acts that are clearly not
inconsequential,
2 Significant deficiencies in the design or operation of
the internal control system that could adversely affect
the City's ability to record, process, summarize, and
report financial data consistent with the assertions of
management in the financial statements,
3 Significant accounting policies,
4 Management judgments and accounting estimates,
5 Significant audit adjustments (recorded and unrecord-
ed),
6 Consultation by management with other accountants on
significant matters,
7 Difficulties encountered in performing the audit, and
8 Major issues discussed with management prior to the
retention of Auditor
II. CITY'S RESPONSIBILITY
City is responsible for properly recording transactions in the
accounting records, for making appropriate accounting estimates,
for safeguarding assets, and for the overall accuracy of the
financial statements
III COMPLETION
Auditor shall complete the service in accordance with the
following schedule, subject to availability of records and
documents
Begin Complete
Auditing Performance Schedule
Planning and Interim 08/12/91 08/30/91
Year-end 11/11/91 12/20/91
Audit Communications
Report on Audited Financial Statements 01/15/92
Single Audit Reports 01/15/92
Other Communications
Reportable Conditions, if any 01/15/92
Conduct of the Audit Matters 01/15/92
Other Management Comments 01/15/92
IV COMPENSATION
In consideration of the work to be performed, City shall pay
Auditor thirty-nine thousand five hundred dollars ($39,500 00),
payable as follows $15,000 00 upon completion of the interim
audit, $14,000 upon completion of the audit field work, and $10,500
upon completion of all services
V INTEREST OF AUDITOR
Auditor covenants that it presently has no interest and shall
not acquire any interest, direct or indirect, financial or other-
wise that would conflict in any manner with the performance of this
Agreement Auditor certifies that no one who has or will have any
financial interest under this Agreement is an officer or employee
of the City
PAGE 2
VI ASSIGNMENT
This Agreement is one for personal services and cannot be
transferred or assigned by either party without the prior written
consent of the other
VII AUDITOR I8 INDEPENDENT CONTRACTOR
The Auditor is an independent contractor and shall not be
deemed to be or considered an employee of the city for the purposes
of income tax, withholding, social security taxes, vacation or sick
leave benefits, worker's compensation, or any other City employee
benefit
VIII VENUE AND LAW GOVERNING
This Agreement is executed and is to be performed in the City
of Denton, Denton County, Texas, and shall be construed under the
laws of the State of Texas Any action relating to this Contract
shall be instituted and prosecuted only in a court of competent
jurisdiction located in Denton County, Texas, and each party waives
any right it may have to a change of venue
IX ENTIRE
This Agreement embodies the whole agreement of the parties
There are no promises, terms, conditions, or obligations other than
those contained herein This Agreement shall supersede all
previous communications, representations, or agreements, either
verbal or written, between the parties, and all modifications of
this Agreement shall be in writing and approved by both parties
X TERM
This Agreement shall begin on the date executed
and end when the all services have been performed
tlons of this Agreement/,have been satisfied
APPROVED this the W day of ,
by both parties
and all condl-
1991
BOB CASTLEBERRY, MAYOR
PAGE 3
ATTEST
JENNIFER WALTERS, CITY SECRETARY
DEBRA A
FORM
CITY ATTORNEY
BY
DELOITTE & TOUCHE
NAME e n r
TITLE r
ATTEST
BY
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