Agenda Package - 02-18-08 - Laserfiche WebLink

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014 0 LEE COUNTY Committed Today for a Better Tomorrow LEE COUNTY BOARD OF COMMISSIONERS ITEM ABSTRACT ITEM NO. I. C. Information Meeting Date: February 18, 2008 -Action Item XX Consent Agenda 11 0 PRIOR BOARD ACTION: SUBJECT: Audit Contract DEPARTMENT Finance CONTACT PERSON: Lisa G. Minter, Finance Director REQUEST: Approve audit contract with Martin Starnes & Associates for the fiscal year ending June 30, 2008 SUMMARY: The County is required to have an audit of its financial statements each year In the spring of 2005, we issued a request for proposal for audit services for a five year period beginning with fiscal year ended June 30, 2005. In April 2005, the Board of Commissioners approved Martin Starnes & Associates, CPAs, P.A. as our audit firm for the five-year period. Listed below is the pricing information from Martin Starnes & Associates' orooosal. BUDGETIMPACT: ATTACHMENT(S): PUBLIC HEARING: RECOMMENDATION: Fiscal year ended Martin Starnes & Associates 2005 $38,200 2006 $37,200 2007 $37,900 2008 $39,000 2009 $40,200 tack year, the Local Government Commission (LGC) requires that a Contract to Audit Accounts be approved by the audit firm, the Board of Commissioners and the LGC before audit work can begin. Attached is a copy of the contract for the audit of our financial statements for the fiscal year ending June 30, 2008. 1 have reviewed the contract and verified that the pricing is in line with the proposal received previously. The 539,000 fee will be included in the FY 2008-2009 budget. Engagement letter from Martin Starnes & Associates CPA's, P.A. Contract to Audit Accounts are in the Clerks Office for review. No N/A Approve the audit contract with Martin Starnes & Associates, CPA's P.A.