Title
Authorizing the Office of Financial Services to reallocate operational savings in their 2010 budget to to pay for a contractor to assist in preparing the 2010 Comprehensive Annual Financial Report (CAFR).
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WHEREAS, the 2010 City of Saint Paul Operating Budget was adopted by the Saint Paul City Council on December 15th, 2009; and
WHEREAS, the Office of Financial Services has need for assistance in preparing the 2010 Comprehensive Annual Financial Report; and
WHEREAS, the Office of Financial Services needs additional staff capacity to prepare financial statements and assist in preparing Govermental Accounting Standards Board (GASB) Statement 34 conversions and government-wide financial statements; and
WHEREAS, the Office of Financial Services has budget savings in activity 00110 to pay a contractor for this assistance; and
WHEREAS, no additional spending authority to the Office of Financial Services 2010 operating budget would be needed; and
THEREFORE, the Office of Financial Services is hereby authorized to reallocate $75,000 in operating savings to pay Baker Tilley Virchow Krause, LLP to assist in this project.