Item 4BM E M O R A N D U M
November 22, 2019
To: Shana Yelverton, City Manager
From: Sharen Jackson, Chief Financial Officer
Subject: Approve a professional services agreement with Weaver
L.L.P., for audit services, in the amount not to exceed
$130,000.
Action
Requested: Approval of Weaver L.L.P. professional services agreement.
Background
Information: City Charter requires the City at the close of each fiscal year
have an independent audit performed by a Certified Public
Accountant. The objective of the audit is the expression of
an opinion as to whether the financial statements are fairly
presented, in all material respects, in conformity with GAAP-
generally accepted accounting principles.
Weaver L.L.P. will also provide a report on internal control
related to the financial statements and compliance with laws,
regulations, and the provisions of contracts or grant
agreements.
Financial
Considerations: The total amount is not to exceed $130,000 (same as prior
year). The agreement is within budgeted funds.
Strategic Link: F1 Adhere to financial management principles and budget
F4 Establish and maintain effective internal controls
Citizen Input/
Board Review: None required
Legal Review: Not considered necessary-a standard agreement.
Alternatives: None
Supporting
Documents: Professional Service Agreement
Staff
Recommendation: Approve professional services contract with Weaver L.L.P.
Item 4B