HomeMy WebLinkAboutResolution No. R24-92BE IT RESOLVED by the City Council of the City of Laurel, Montana,
Section 1: Approval. The Standard Audit Contract Amendment, a copy attached hereto
and incorporated herein, is hereby approved.
Section 2: Execution. The Mayor is hereby given authority to execute the Standard
Audit Contract Amendment on behalf of the City.
Introduced at a regular meeting of the City Council on the 22nd day of October, 2024,
by Council Member Mackay.
PASSED and APPROVED by the City Council of the City of Laurel on the 22nd day of
October, 2024.
APPROVED by the Mayor on the 22nd day of October, 2024.
CITY OF LAUREL
Dave Waggoner, or
ATTEST:
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er, Clerk -Treasurer
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APPROVED AS TO FORM:C 0 U lk
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Michele L. Braukmann, Civil City Attorney
R24-92 Approve the Standard Audit Contract Amendment By and Between the City of Laurel and 01ness &
Associates, P.C.
This contract amendment is made this 18TH day of October, 2024, by and among OLNESS &
ASSOCIATES, PC, Certified Public Accountant (Contractor) and CITY OF LAUREL, Governmental
Entity (Entity).
Audit Period and Payment: This contract amendment covers the following audit period(s):
July 1st, 2023, to June 30th, 2024.
Paragraph 2.a. on page I of the standard audit contract is amended to read as follows:
$36,500 for initial (or sole) audit covering July 1, 2023 to June 30, 2024.
$Amount for subsequent audit covering Beginning Date toEnding Date.
$Amount for subsequent audit covering Beginning Date toEnding Date.
Any provision of this contract that does not allow Entity to define its financial reporting framework as
prescribed in 2-7-504(2), MCA and ARM 2.4.401(2), or Contractor to opine on Entity's financial statements
in accordance with Entity's defined financial reporting framework, is amended to accomplish the same and
identifies Entity's financial reporting framework, as:
❑ Generally Accepted Accounting Principles.
❑ The Small Government Financial Reporting Framework, as defined at ARM 2.4.401.
Subject to State's approval of Entity's financial reporting framework, Entity shall include any
supplementary information required by ARM 2.4.401.
Sections 1, 2, and 7 of Appendix B on pages Bl and B2 are amended to read as follows:
1. Audit Periods and Dates of Engagement
a. This audit will cover the fiscal year(s) ending Month Day, Year and Year.
b. Date to commence audit work ending November 4th,2024.
c. Date to submit final audit report to the Entity March 31st, 2025.
2. Time and Price for Engagement
a. Estimated total hours is 330.
b. Price for audit personnel is $36,500.
Price for travel is $Amount.
FORM/SAC-AMENDOI Pagel of 7/18
Price for report preparation is $Amount.
Total price for the engagement is $36,500.
7. The audit scope with regard to federal financial assistance received by the Entity for the above
fiscal year(s) will be as indicated below:
O The audit will be a single audit conducted in accordance with the provisions of Uniform
Guidance because the Entity expended a total amount of federal awards equal to or in excess
of $750,000 during the fiscal year(s), or such other dollar amount ($Amount) that is effective
for the fiscal year(s) being audited.
El The audit will not be a single audit conducted in accordance with the provisions of Uniform
Guidance and will not include audit coverage of any federal financial assistance in
accordance with requirements of that federal regulation, because the Entity expended a total
amount of federal awards of less than $750,000 during the fiscal year(s), or such other dollar
amount ($Amount) that is effective for the fiscal year(s) being audited.
Certified Public Accotintant
OLNE89& ASSOCIAMES,
Firmame
By: t—
Date: October 18, 2024
Authorized Representat4
Governmental Entity
CITY OF LAUREL
EnNy e
By: Date: October 18, 2024
Authorized Representative
Montana Department of Administration,
Local Government Services
am
Authorized Representative
Date: Date
FORM/SAC-AMENDOI Page 2 of 2 7/18