CITY OF HOMER

HOMER, ALASKA

                                                                        Finance/City Manager  

ORDINANCE 07-32

 

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE TRANSFER OF $3,051.00 FROM THE GENERAL FUND BALANCE FOR PROCESS DOCUMENTATION AND INTERNAL CONTROL ANALYSIS, AWARDING THE CONTRACT FOR REVIEW OF THE INTERNAL CONTROL/PROCESS DOCUMENTATION TO MIKUNDA, COTTRELL & CO. OF ANCHORAGE, ALASKA AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE DOCUMENTS.

 

            WHEREAS, New auditing standards (SAS 104-111) have placed a higher level of emphasis on entities’ documentation of their accounting processes and internal controls over financial reporting; and

 

            WHEREAS, Not only must the accounting processes and internal controls be documented, they must also be designed effectively to detect or prevent material misstatements in the financial statements; and

 

            WHEREAS, Mikunda, Cottrell & Co. currently performs the City of Homer’s annual financial audit; and

 

            WHEREAS, Mikunda, Cottrell & Co. has responsible knowledge for review of the documentation of the City’s major transaction cycles to help identify any significant gaps in the documentation and/or internal controls; and

 

            WHEREAS, The Finance Department requests the transfer of $3,051.00 from the General Fund Balance to fund the process documentation and internal control analysis; and

            NOW, THEREFORE, BE IT ORDAINED by the City of Homer :

 

            Section 1. That the transfer of $3,051.00 is hereby authorized from the General Fund Balance as follows:

 

Acct. No.                                 Description                               Amount

100.100.5211                          Audit Services                          $1,647.54

200.400.5211                          Audit Services                          $   335.61

200.500.5211                          Audit Services                          $   335.61

400.600.5211                          Audit Services                          $   732.24

 

 

Expenditure                              Description                               Amount

Audit Services                          Internal Control/Process           $3,051.00

                                                Documentation                                    

 

            Section 2. That the contract for internal control/process documentation is hereby awarded to Mikunda, Cottrell & Co. of Anchorage, Alaska in the amount of $3,051.00.

 

            Section 3. This ordinance is a budget amendment only, is not of a permanent nature and is a non code ordinance.

 

            PASSED AND ENACTED by the Homer City Council this _________day of ________________________, 2007.

 

                                                                                    CITY OF HOMER

 

 

 

                                                                                    _____________________________
                                                                                    JAMES C. HORNADAY, MAYOR

 

ATTEST:




______________________________

JO JOHNSON, CMC, CITY CLERK

 

 

Introduction:

Public Hearing:

Second Reading:

Effective Date:

 

 

Ayes:

Noes:

Abstain:

Absent:

 

 

Reviewed and approved as to form and content:



__________________________                                ___________________________

Walt E. Wrede City Manager                                       Gordon Tans, City Attorney

Date:______________________                                Date:_______________________






Fiscal Note: Fiscal information included in body of Ordinance.