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<br /> Your Committee, during its discussion of Resolution No. 108-01, Draft 2, approved the <br /> <br /> following amendments: <br /> Amending the resolved clause to read l . An Evaluation Committee will be <br /> established and [could] may be composed of [a] at least one Council Member appointed <br /> by the Chair, the Legislative Auditor, the Fiscal/Program Review Auditor, a Council <br /> Legislative Assistant, and a representative from the State Auditor's Office...." <br /> <br /> Also during its discussion a revised RFP based on comments from individual Council members <br /> <br /> was requested. <br /> Your Committee questioned whether the amount of experience needed of agencies having to <br /> qualify as an audit firm should be raised from three years to five years of governmental audits <br /> and a budget of $50 million to $100 million. It could not be determined whether raising these <br /> minimum figures would raise the quality of the audit firm. <br /> An amendment was brought forward to reduce the audit contract period from four to two years. <br /> However, that motion was defeated. Although theoretically the Council would have the <br /> opportunity to hire another audit firm with "fresh eyes" every Council term, this does affect the <br /> total cost, the amount of start-up time necessary to understand the county government processes, <br /> and the amount of time spent by administration to assist the audit firm in familiarizing <br /> themselves with the processes. <br /> Several members of Your Committee expressed a desire to conduct performance and efficiency <br /> audits. It was pointed out that these are very different from the narrower financial audit. If the <br /> Council wished to conduct these other reviews, money has been budgeted this fiscal year to <br /> make this happen. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 108-01, <br /> as amended to Draft 2, and recommends its adoption. <br /> smc <br /> nsES NOES ,4&E Ea Respectfully submitted <br /> CHUNG X <br /> PISICCHIO x COMMITTEE ON FINANCE <br /> ARAKAKI X <br /> ELARIONOFF X <br /> JACOBSON X <br /> LEITHEAD-TODD X <br /> SAFARIK X AARON S.Y. CHUNG, C AIR <br /> TYLER X FC REPORT N~ - 104 ry~ <br /> Y'AGONG X ADOPTED: 1 ~ c.mo <br /> <br />