Agenda

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Brentwood ECD Agenda

Meeting Date:	04/27/2020
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

Resolution ECD 2020-02 - A RESOLUTION AUTHORIZING AN AGREEMENT WITH CROSSLIN & ASSOCIATES, PLLC FOR THE ANNUAL AUDIT FOR THE FISCAL YEAR ENDING JUNE 30, 2020, for adoption

Background

Please find attached the proposed annual audit contract with Crosslin & Associates, PLLC for Fiscal Year 2019-2020 for independent auditing services for the Brentwood Emergency Communications District (ECD). The proposed contract fee for the ECD audit is $9,000, which represents a $300 increase from the previous fiscal year but is consistent with the original five-year fee proposal.

The ECD fund is legally established under Tennessee law and is subject to a separate audit from the City's primary audit. Crosslin will be required to perform additional auditing services and issue a separate set of financial statements. Since the ECD operations are fully integrated into regular City operations, improved coordination and economies of scale are gained by using the same accounting firm for regular audit and ECD audit.

Sufficient funds are included in the proposed FY 2021 ECD Budget to cover the cost of the audit. If approved by the Board of Commissioners, the Mayor will electronically sign the agreement with a copy going to the TN Comptroller's Office also.

Should you have any questions or need additional information, please contact the Finance Director.

Staff recommendation

Staff recommends approval of the accompanying Resolution.

Fiscal Impact

Amount:	$9,000
Source of Funds:	ECD
Account Number:	450-91100-82530

Fiscal Impact:

Attachments
Resolution ECD 2020-02
FY 2019-2020 Letter of Engagement
Signed Resolution