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Meeting Date:
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3/30/2022 - 6:00 PM
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Category:
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Consent Agenda
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Type:
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Action
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Subject:
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External Auditors Request for Qualifications (RFQ)
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District Goals:
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Goal 1 Thriving Students Goal 2 Engaged Community Goal 3 Empowered Staff
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Enclosure
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File Attachment:
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Summary:
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Each year, all LEA's, including Crowley ISD must take the following steps:
1. Prepare its annual financial statements.
2. Have its annual financial statements audited by a licensed independent certified public accountancy (CPA) firm.
3. Submit the resulting audited annual financial and compliance report (AFR) and additional data to the Texas Education Agency (TEA) for review.
TEC, ยง44.008 states that the Board of Trustees shall have its school district audited annually with an independent audit firm with at least the minimum requirements and be in the format prescribed by the State Board of Education. A copy of the annual audit report shall be filed by the District with TEA within 150 days from the fiscal year end, for review by the agency.
Whitley Penn, LLP and Weaver and Tidwell, LLP submitted bids for this RFQ.
After reviewing both submissions, Administration is requesting to continue with Weaver and Tidwell, LLP. The period of performance will be from July 1, 2022 through June 30, 2023 (auditing the 2021-2022 school year), with the option to renew for an additional four (4) years in one (1) year increments at the discretion of the District.
CISD has used Weaver and Tidwell since the 2012-2013 school year.
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Budgetary Impact:
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It is expected that the expense of the future annual financial audit will be similar to the historical cost of $50,000.
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Recommendation:
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Administration recommends that CISD contract with Weaver and Tidwell, LLP to conduct the external financial audit for the 2021-2022 school year, with options to renew for additional 4 years in 1 year increments.
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Approvals:
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Recommended By:
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Signed By:
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Stacey Adrian - Chief Financial Officer
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Signed By:
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Michael McFarland - Superintendent
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Vote Results:
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| Original Motion | | Member Ryan Ray Moved, Member Nedra Robinson seconded to approve the Original motion 'Administration recommends that CISD contract with Weaver and Tidwell, LLP to conduct the external financial audit for the 2021-2022 school year, with options to renew for additional 4 years in 1 year increments.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | June Davis | Yes | | Ryan Ray | Yes | | Mia Hall | Yes | | Gary Grassia | Yes | | LaTonya Mayfield | Yes | | Nedra Robinson | Yes | |
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