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LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. II. E. <br />_ Information <br />Meeting Date: May 16, 2016 _ Action Item <br />XX Consent Agenda <br />SUBJECT: Renewal Audit Contract <br />DEPARTMENT: Finance <br />CONTACT PERSON: Lisa G. Minter, Assistant County Manager/Finance Director <br />REQUEST: Approve audit contract with Thompson, Price, Scott, Adams & Co, P.A. for <br />fiscal year ending June 30, 2016. <br />SUMMARY: The County is required to have an audit of its financial statements each year. <br />On 4/2/2015, the Board approved a five-year audit services proposal with Thompson, Price, Scott, Adams & <br />Co, P.A. Listed below is the pricing information for the remaining years from Thompson, Price, Scott, Adams <br />& Co, P.A. <br />Fiscal year ended <br />Martin Starnes & Associates <br />2016 <br />$35,500 <br />2017 <br />$35,500 <br />2018 <br />$35,500 <br />2019 <br />$35,500 <br />Each year, the Local Government Commission (LGC) requires that a Contract to Audit Accounts be approved <br />by the audit firm, the Board of Commissioners and the LGC before audit work can begin. Attached is a copy of <br />the contract and engagement letter for the audit of our financial statements for the fiscal year ending June 30, <br />2016. 1 have reviewed the contract and verified that the pricing is in line with the proposal received previously. <br />BUDGET IMPACT: The $35,500 fee will be included in the FY 2016-2017 budget <br />ATTACHMENT(S): Contract and engagement letter from Thompson, Price, Scott, Adams & Co, <br />P.A. <br />PUBLIC HEARING: No <br />PRIOR BOARD ACTION: On 4/22/2015, the Board approved a five year audit services proposal from <br />Thompson, Price, Scott, Adams & Co, P.A. <br />RECOMMENDATION: Approve Renewal Audit Contract with Thompson, Price, Scott, Adams & Co, <br />P.A. as presented <br />