They have yet to provide information for fiscal year 2004 and fiscal year 2005. The City has decided to go in a new direction. It was approved at the meeting Tuesday meaning that the Mayor will sign a letter authorizing the engagement of the Accounting Office of Larry Bain as the City of Ione auditor. It’s a smaller firm, but has the experience necessary for this sort of task.

The cost of audit ranges from $13,900 to$16,400 per year depending on various grant activities. The total cost to audit all four fiscal years (2004,2005,2006,2007) would be in the ballpark of $55,600-$65,600. It is necessary to have a completed 2004 and 2005 audit before the 2006 or 2007 audit may be started. There is enough money to budget for this impromptu fee, and is really quite necessary to rectify the problem at hand. When the audit results are finished the Council would like to publish the summary to the citizens.