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<br />MEMO <br />TO: TONY WILLIAMS, CITY MANAGER <br />FROM: GENE ANDERSON <br />SUBJECT: ANNUAL AUDIT <br /> <br />Request for proposals were mailed in July to local accounting firms and <br />advertisement made in the Paris News regarding the performance of the <br />City's audit for the year ending September 30, 2005. Attached you will find <br />a copy of the bid list and the newspaper notice. <br /> <br />Also attached is a copy of the one proposal received from McClanahan and <br />Holmes, PLLC. The estimated cost is $43,775. This is an increase of$I,275 <br />over the $42,500 paid the previous year. <br /> <br />It is recommended that the proposal be accepted. <br /> <br />T <br /> <br />I <br />