SAGINAW — The city of Saginaw signed a contract with Plante & Moran to oversee the city’s books while it looks for a new finance director. The council will pay the company $73,200 for the year. It also hired a firm to perform a search for a new finance director.

The previous director resigned and the city expects to name a new director in July.

The city is also looking at hiring Plante & Moran to operate its controller’s office, which processes payrolls and checks, and supervises its annual audit. The move is expected to save the city $150,000, according to The Saginaw News. “Our audit costs have been exorbitant. That’s a cycle that needs to be broke,” City Manager Darnell Earley told The News.

“City outsources finances temporarily,” The Saginaw News, Jan. 29, 2008

“Proposed Saginaw budget includes cuts, outsourcing,” The Saginaw News, May 8, 2008