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City sticks with same auditing firm for over 20 years

Submitted by on May 13, 2019 – 12:38 amNo Comment

The City of Alpena has agreed to a new one-year deal with Straley, Lamp & Kraenzlein for auditing services for the 2019-20 fiscal year.

The city’s fiscal year ends June 30 and the accounting firm typically begins auditing the books shortly after that.

City Treasurer Anna Soik says her team will begin the auditing process almost immediately after the fiscal year ends and will continue gathering information while the financial audit is being conducted by Straley, Lamp & Kraenzlein.

The firm will be paid $39,060 to complete the audit, an increase of 1.84 percent over last year. The cost does not include SEC filings, single audits or special reports, which will add another $2,000 to $4,000 onto the total.

The City has not bid out the auditing services contract for at least the past 20 years. City Manager Greg Sundin has said in the past there are pro’s and con’s to bidding out the service and he anticipates at some point it will be bid out.

City staff says it is very satisfied with the service it has received from Straley, Lamp & Kraenzlein.