SUBJECT:
Action regarding Approval of Audit Engagement Letter for FY2018/2019
BACKGROUND/DISCUSSION:
On June 18, 2019 the City Council awarded bid for professional audit services to Weaver and Tidwell. The audit contract is for two years with the option for three, one year renewals. The audit to be performed for the fiscal year 2018/2019 will be the first year of the contract. The engagement letter explains the services and procedures that will be used for the audit.
FINANCIAL IMPACT:
The cost of professional auditing services will be $45,000 and will be included in the proposed budget.
RECOMMENDATION:
Staff recommends approval of the audit engagement letter for Weaver and Tidwell. |