Grosse Pointe Shores
Shores retains auditing firm
Posted November 8, 2012
GROSSE POINTE SHORES — City officials are staying with their current auditing firm, Abraham & Gaffney P.C., for the next few years.
At an Oct. 16 City Council meeting, the council unanimously approved a contract with the firm for the fiscal years ending June 30, 2013, 2014 and 2015. The firm is based in East Lansing but has a local office in Auburn Hills. The fees for the audits are not to exceed $18,900 for the 2012-13 fiscal year, $19,300 for the 2013-14 fiscal year and $19,700 for the 2014-15 fiscal year.
Since going out to bid for auditing services three years ago, Mayor Ted Kedzierski said the Shores has saved a considerable amount of money over its previous longtime auditing firm, Plante & Moran. He said the city paid about $43,000 each year to Plante & Moran for auditing services in 2008 and 2009. Abraham & Gaffney were the second-lowest bidders for the audit this time, but administrators recommended retaining them.
“I think they’ve done very good work,” said Kedzierski, himself a CPA and attorney.
Finance Director Rhonda Ricketts told the council that city administrators have been able to “work well” with the Abraham & Gaffney auditors.
Other officials agreed.
“They have good continuity of staff,” City Council member Bruce Bisballe said.
Auditing was one of a number of professional contracts Shores officials put out for bid again this year; engineering and legal services were among the others. Although the Shores is on better financial footing than it was a few years ago, the recession and depressed housing values continue to have an impact on the city’s finances, and officials are continually looking for ways to cut costs.
“Thank you for the opportunity to provide services to Grosse Pointe Shores,” CPA Aaron M. Stevens, a government principal with Abraham & Gaffney, told officials in a letter. “We look forward to our continued relationship with the city.”
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