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, July 23, 1992 : .
MISCELLANEOUS RESOLUTION #92161
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: AWARD OF CONTRACT FOR 1992 THROUGH 1996 AUDITS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the County has adopted the practice of hiring independent public
accounting firms to audit the County's financial reports; and
WHEREAS the Audit Sub-Committee has reviewed proposals submitted by various firms
and recommends contracting with the firm of KPMG Peat Marwick for the years 1992 through
1996; and
WHEREAS the Audit Sub-Committee wishes to formalize meetings with the audit firm
for directing, reporting and review purposes.
NOW THEREFORE BE IT RESOLVED the Oakland County Board of Commissioners
awards the audit contract to the firm of KPMG Peat Marwick for the years 1992 through 1996.
BE IT FURTHER RESOLVED the firm will be paid $145,700 per year for the years 1992,
1993, 1994 and $152,800 per year for the 1995 and 1996 for a total award of $742,700.
BE IT FURTHER RESOLVED the contract will be subject to annual approval and
renewal by the Audit Sub-Committee.
BE IT FURTHER RESOLVED that the auditors meet with the Audit Sub-Committee at
least three times a year for the following purposes:
August/September - to discuss prior audit problems and
interim work
December - to present audit plan for the year
March - to summarize results of the field work and review
significant findings.
Mr. Chairperson, on behalf of the Finance Committee, I move the adoption of the
foregoing resolution.
FINANCE COMMITTEE
July 23, 1992 Resolution # 92161
Moved by Caddell supported by Ferrens the resolution be adopted.
AYES: Krause, Law, McCulloch, McPherson, Millard, Moffitt,.0aks, Obrecht,
Olsen, Palmer, Pappageorge, Pernick, Price, Schmid, Serra, Skarritt, Wolf, Aaron,
Bishop, Caddell, Crake, Ferrens, Gosling, Huntoon, Jensen, Johnson. (26)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
• STATE OF MICHIGAN)
COUNTY OF OAKLAND
I, Lynn D. Allen, Clerk of the County of Oakland, do hereby certify that the foregoing
resolution is a true and accurate copy of a resolution adopted by the Oakland County
Board of Commissioners on July 23, 1992
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this 23rd . day of—) July i', 199?
-- Lyn/. Allen, County Clerk