Fernie Annual External Audit Services (2023-2027)
Solicitation number BC170851
Publication date
Closing date and time 2023/06/26 18:00 EDT
Description
The current population is about 6,200 and a seven-member Council governs the City.
The City’s 2023 total operating budget is approximately $21.4 million, with an additional capital budget that varies in amount depending on the magnitude of capital projects underway.
The City’s financial activities are accounted for through three operating funds (Operating, Water, and Sewer), three Capital Funds and ten Reserve Funds. The City’s operating revenues consist largely of property taxes and utility fees from residents. The chart of accounts contains approximately 1,200 active accounts. Net taxation collected for 2012 was approximately $9.0 million. The City has approximately 90 permanent staff and bi-weekly payroll is an average of $200,000 net. Employees are paid by direct deposit.
The City has one MFA short term loan valued at $1.8 million. The City also has 3 long-term MFA loans valued at approximately $470k.
The City of Fernie utilizes Vadim financial software. The software is run in a Windows environment and includes modules for general ledger, payroll, accounts payable, accounts receivable, business licensing, taxes and utilities, building permits, purchase orders, maintenance management, and cash receipting.
Auditor qualifications, duties, and powers are referenced in Sections 169-172 of the Community Charter.
Audit firms who are considering a Proposal pursuant to this request are encouraged to visit the City of Fernie’s website at www.fernie.ca for a more detailed overview of the City’s characteristics and activities
Contract duration
The estimated contract period will be 60 month(s).
Trade agreements
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Please refer to tender description or tender documents
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Contact information
Contracting organization
- Organization
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City of Fernie
- Address
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501 3 AveFernie, British Columbia, V0B 1M0Canada
- Email
- patti.cooke@fernie.ca
- Address
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501 3 AveFernie, British Columbia,Canada
Bidding details
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