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Attachment 4 <br /> ALTERNATIVES <br /> Council could elect not to accept the financial report which would result in additional <br /> costs assaciated with additional field work required to be completed by Caporicci & <br /> Larson. The additional field work is required to comply with new auditing guidelines <br /> which require that financial reports be published soon after fiefd work is completed. <br /> FISCAL IMPACT <br /> The costs associated with not accepting the financial report wiil range from $2,000 to <br /> $3,000 depending on how much additional field work is required. These amounts are <br /> currently not budgeted; a budget amendment would be required. <br /> --� � <br /> ��`�� <br /> Br;ian Ponty Peter Ingram ' <br /> Director of Finance and Fnancial Planning fnterim City Manager <br /> 6 <br />