Title
A Resolution authorizing Strothman and Co., Certified Public Accountants and Advisors, to conduct a financial audit of all Lexington-Fayette Urban County Government Funds for Fiscal Year 2015 for an amount not to exceed $145,000 (FY2016) subject to sufficient funds being appropriated, and authorizing the Mayor, on behalf of the Urban County Government, to execute a Letter Agreement and any other necessary documents with Strothman and Co. related to the audit. [Dept. of Finance, O’Mara]
Summary
Authorization to execute an agreement between the LFUCG and Strothman and Company, Certified Public Accountants and Advisors, to conduct a financial audit of all LFUCG funds for fiscal year 2015. This engagement is necessary to complete the LFUCG’s Comprehensive Annual Financial Reports. The funds are included in the FY16 budget and not to exceed $145,000. Upon completion, the audit will be presented to Council. (L0582-15)(O’Mara)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes }
Risk Management: {No}
Fully Budgeted [ Yes ]: Included in FY 2016 Mayor’s Proposed Budget
Account Number:
1101-202101-2011-71202 80,019.33
1115-202101-2011-71202 15,387.58
1181-202101-2011-71202 359.42
4002-202101-2011-71202 31,694.36
4121-202101-2011-71202 11,879.45
4022-202101-2011-71202 780.36
4051-202101-2011-71202 4,879.50
This Fiscal Year Impact:
Annual Impact: $145,000
Project:
Activity:
Budget Reference:
Current Balance: Included in FY 2016 Mayor’s Proposed Budget
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Strothman and Company, Certified Public Accountants and Advisors, be and hereby is authorized to conduct a financial audit of all Lexington-Fayette Urban County Government Funds for Fiscal Year 2015 for an amount not to exceed $145,000.00, and the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the Letter Agreement, which is attached hereto and incorporated herein by reference, and any other necessary documents with Strothman and Company related to the audit.
Section 2 - That an amount, not to exceed the sum of $145,000.00 (FY2016) (and subject to sufficient funds being appropriated) be and hereby is approved for payment to Strothman and Company from account #1101-202101-71202 ($80,019.33), account #1115-202101-71202 ($15,387.58), account #1181-202101-71202 ($359.42), account #4002-202101-71202 ($31,694.36), account #4121-202101-71202 ($11,879.45), account #4022-202101-71202 ($780.36), and account #4051-202101-71202 ($4,879.50).
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL