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HomeMy WebLinkAboutContract 13185 AIRTHun ANDERSEN & CO. SUITE 2200 ip-oi ELM STREET DALLAS, TExAs 75270 (214) 741-2261 May 10, 1983 CITY SECRRETARY CON-111-RA. T N01-2-1121/2 Audit Committee City of Fort Worth, Texas This will confirm our understanding of the arrangements made with you covering our participation in the examination of the grant subrecipients of the City of Fort Worth for the two years ending September 30, 1982, The City subcontracts a portion of its CETA, CDBG and Aging Funds. An audit of these subcontractors has not yet been performed for fiscal years 1981 or 1982. To comply with the federal audit requirements, which state that all grant funds passed-through from the federal government must be audited no less than once every two years, these subrecipients must be audited currently. Such audits must comply with Office of Management and Budget Circular A-102, Attachment P, for recipients which are state, local or indian tribal governments. Audit requirements for organizations not within these categories consist of those procedures utilized prior to Attachment P (i.e. , audits performed on an individual subcontractor basis in accordance with de- tailed audit guides). In order to comply with these audit requirements, subcontractors will be examined as presented below. Governmental Subcontractors - The City will request all governmental subcontractors of "substantial size" to comply with the audit requirements of Attachment P for fiscal years 1981 and 1982. The Internal Audit Department will coordinate the development of a monitoring function to ensure that funds subcontracted to these entities are properly audited. The monitoring function will also be responsible for following up as to the resolution of audit findings. The City's preliminary review indicated that there are only two governmental subcontractors of "substantial size". They are: Fort Worth Independent School District Texas Emplod ment Commission L I I J = e L UK I n, ARTHUR ANDERSEN & Co. Audit Committee -2- May 10, 1983 Both i of these entities receive pass-through funds under the CETA program. The remaining governmental subcontractors of the City receive relatively insigni- ficant awards. These entities will be incorporated within the "single audit" of the City utilizing the approach discussed below under nongovernmental sub- contractors. Our work as it relates to governmental subcontractors of "substantial size" will be limited to a review of audit reports and correspondence resulting from the City's monitoring function for the purpose of identifying open audit findings and audits not completed. These matters will be disclosed in the City's letter of compliance. Nongovernmental Subcontractors - In order to minimize the cost and maximize the efficiency of non- governmental subcontractor audits, City management has elected to incorporate these entities within the City's 1982 "single audit". The examination of nongovernmental subcontractors and selected governmental subcontractors, as defined above, will be performed on a joint basis by Arthur Andersen & Co. and the City's Internal Audit Department. The examination will be performed as follows: 1. We will perform discussion and observation work to determine whether procedures and controls are in place and operating within the City which: a. Provide reasonable assurance that payments to subcontractors are properly authorized, and, b. Provide reasonable assurance that subcontractors are in com- pliance with the general and specific compliance requirements of the affected grants. 2. We will select subcontractors for field visit on a scope basis. The number to be visited will be based upon our findings at I. , however, we plan to arrange field visits for no more than eight subcontractors. Our criteria for selection will be judgmental giving consideration to size and past history. our selection will include both subcontractors perceived by City management to be relatively "clean" and "problem" subcontractors as a basis for reliance on interface controls identified at 1. 3. Subcontractor field visits will be performed by the City's' Internal Audit Department. We will supervise and review their work in ARTHUR ANDERSEN & CO, Audit Committee -3- May 10, 1983 accordance with Statement on Auditing Standards No. 9, "The Effect of an Internal Audit Funcition on the Scope of the Inde- pendent Auditor's Examination". Internal Audit will be responsible for all field work and report preparation associated with these examinations. We anticipate that the Internal Audit Department will incur approximately 2,000 hours to accomplish the work. Upon completion of the work, we will submit to you a letter docu- menting the procedures which we have performed and our findings. The letter may be submitted to federal and state grantor agencies as an indication as to the reliance which may be placed upon the work performed by the Internal Audit Department. It is our understanding that the City has discussed the approach to the audit of grant subrecipients presented herein with the appropriate grantor agencies. our responsibility for the approach shall be limited to performance of the work described in this arrangement letter. Charges for this work will be based upon actual time expended, estimated not to exceed $29,000. Billings will be submitted at the beginning of each month as the work progresses and the City will remit payment by the twenty-fifth day of the same month. We appreciate the opportunity to provide these additional services to the City of Fort Worth. Very truly yours, 4e" Y �...... d, City ty" Eenalls Adayor and rte" Coi7rz 7n,ivi-jrz ira tit)in DATE REFE"N" PAGE PWME?EP suEjEC-, Audit of Grant Subrecipients 7/5/83 **C-6970 The City subcontracts a portion of its CET A, CDBG and Aging funds, To comply with the federal audit requirements, which state that all grant funds passed through from the federal government must be audited no less than once every two years, subrecipients of the City must be audited for years 1981 and 1982, The staff and the Audit Committee have negotiated with the City's current independent auditors, Arthur Andersen & Co. , to arrive at the most effective approach to satisfy the federal requirements, In order to minimize the cost and maximize efficiency the internal audit staff of the City will dedicate approximately 2,000 hours to assist the independent auditors. Arthur Andersen & Co. proposes to direct the audit and perform the additional audit work at a fee not to exceed $29,000. This cost will be allocated and charged to the various grant programs. Recommendation The staff and the Audit Committee recommend that the City Council authorize an agreement with Arthur Andersen & Co. to perform an audit examination of grant subrecipients of the City for a fee not to exceed $29,000. RAM:j c S -6 V 11 9 T I T I E D FIC I I S1 T-1 N F F CiTY MANAGER r T 0WKSaWN BY CMUCH, ROCESSU) B, OFFICF BY e 0MGMAnNG OTHER WESCRIB" DEPARTMENT HEAD A. judson Bailiff CNTJ a.,PEAR- FOR ADmrMNAL MFORN crT_ 1"Ason Bailiff Ext. 818 5 UATL