HomeMy WebLinkAbout861251.tiff RESOLUTION
RE: DENY LETTER OF UNDERSTANDING WITH MANAGEMENT ADVISORS , INC.
CONCERNING AIRPORT AUTHORITY AUDIT
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS , the Board has been presented with a Letter of
Understanding with Management Advisors, Inc. concerning a proposed
audit of the Airport Authority, a copy being attached hereto and
incorporated herein by reference, and
WHEREAS, after study and review, the Board finds that
approval of said Letter of Understanding would be an expenditure
of funds beyond the power of the Board.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the Letter of
Understanding with Management Advisors , Inc. concerning an audit
of the Airport Authority be , and hereby is, denied.
The above and foregoing Resolution was, on motion duly made
and seconded , adopted by the following vote on the 29th day of
December, A.D. , 1986 .
•
BOARD OF COUNTY COMMISSIONERS
ATTEST: tri,^,{.4, f' J WELD COUNTY, COLORADO
Weld County Clerk and Recorder
and Clerk to the Board J cq line /son Chairman
BY: Go C , Tem
Deputy u ont C�a_'"
EXCUSED DATE OF IGNING - AYE
APPROVED S TO FORM: Gene R. Brantner
County Attorney "wilC7,v� jfw��
Frank Yamagu i
861251
MANAGEMENT
ADVISORS,
INC.
James F. Snyder, CMC
Stephen J. Yanoviak, CMC
December 17 , 1986
Mr. William A. Rupp, President
Weld County Council
P.O. Box 758
Greeley, Colorado 80632
Dear Bill :
We are pleased to submit this proposal for conducting a
performance audit of the Greeley-Weld County Airport . The
purpose of this letter is to outline the terms and conditions
under which we will provide our services .
We understand that the County Council ' s objective is to obtain an
independent, objective evaluation of the Airport operation. In
conducting our review, we will utilize any available published
materials which describe the performance expectations of the
Airport. In addition , we will evaluate the Airport according to
generally accepted agency/authority policies and practices .
It is our understanding that the Council is not interested in
having a performance audit conducted because of any known
wrong-doing or improprieties . Instead , the Council desires to
exercise its authority to report to the people, per the Home Rule
Charter , on matters relating to expenditures , efficiency ,
responsiveness , and adherence to statutes , laws and regulations .
With this in mind , we envision that our review would focus on
such things as :
o The application of practices and policies and whether
they are consistently applied.
o The extent to which management follows directions
from the Authority ' s Board.
o Fiscal management and spending policies .
o Utilization of Airport property .
o Practices regarding fuel supplier selection and fuel
pricing .
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5300 DTC Parkway, Suite 230 • Englewood, Colorado 80111 • (303) 796-8040
Mr . William A. Rupp, President
December 17 , 1986
Page 2
o Land rental .
o Maintenance of property , equipment and facilities .
o Inventory control over fuel .
o County reimbursement practices .
The above list is not meant to be all-inclusive. Instead, it is
intended to provide some idea of where the emphasis of a
performance audit would be placed . It should be noted that the
performance audit will not overlap with the annual financial
audit . Also, it may not be able to address the viability of
proposals such as annexation by the City of Greeley.
In addition, we are willing to examine any other areas as
requested by Airport management and the Airport Authority Board,
the County Council or Board of Commissioners , provided such
requests are made early in our review.
We will obtain our information from interviews within and outside
the Airport organization. We will also review available
correspondence , reports , records and documentation. We have
already obtained background information from discussions with the
Council at the regular meeting on December 11 , 1986.
The end-product of our work will be a written report which
addresses each area of our review. Our report will contain
statements of conditions with recommendations for improvement
where appropriate . It will be issued to Council within six weeks
from the start of our review. We will then be available for a
meeting with Council to discuss our report.
I will be the principal consultant on this assignment . If
necessary, other consultants from our staff will be assigned to
assist me . We estimate that our fees for this work including
out-of-pocket expenses will range between $7 , 000 and $8 ,000. In
any event, our total charges will not exceed $8 , 000 unless there
is an approved expansion of scope in writing .
We will bill for actual fees and expenses incurred . Our first
bill will be for $4 , 000 to be rendered upon delivery of our
report to Council members . The balance of our charges will be
billed at the completion of our work and final review with the
Council . Payment is due within twenty days of invoice . Amounts
past due are subject to a late charge of one and one-half percent
each month until paid .
Mr. William A. Rupp , President
December 17, 1986
Page 3
If this letter properly states your understanding of the services
to be rendered and the terms of our engagement , please sign a
copy and return it to us .
Sincerely,
g? "7 /
Stephen J. Yanoviak CMC
Principal
MANAGEMENT ADVISORS , INC.
WELD COUNTY COLORADO
Chairman
Board of County Commissioners
Approved and Accepted Date Title
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Approved and A pted / ate Title
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