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 2020 for an amount not to exceed $153,500 (FY2021), 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. [Div. of Finance, O’Mara]
Summary
Authorization for Strothman and Company, Certified Public Accountants and Advisors, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for Fiscal Year 2020 for an amount not to exceed $153,500 (FY2021), and authorization to execute a Letter of Agreement and any other necessary documents with Strothman and Company related to the audit. Funds are Budgeted. (L0585-20) (O’Mara)
Budgetary Implications: Yes - FY2021
Advance Document Review:
Law: Yes, Completed by David Barberie, 06/09/20
Fully Budgeted: Included in FY2021 Mayor’s Proposed Budget
Account Number:
|
1101-202101-2011-71202 |
87,720.36 |
|
1115-202101-2011-71202 |
15,639.25 |
|
1181-202101-2011-71202 |
379.13 |
|
4002-202101-2011-71202 |
32,330.79 |
|
4121-202101-2011-71202 |
12,132.26 |
|
4022-202101-2011-71202 |
777.23 |
|
4051-202101-2011-71202 |
4,520.98 |
This Fiscal Year Impact: $0
Annual Impact: $153,500 (FY2021)
Project:
Activity:
Budget Reference:
Current Balance: Included in FY2021 Mayor’s Proposed Budget
Body
{COUNCIL CLERK’S OFFICE WILL 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 2020 for an amount not to exceed $158,500.00 (FY2021), 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 $153,500.00 (FY2021) be and hereby is approved for payment to Strothman and Company from account #1101-202101-71202 ($87,720.36), account #1115-202101-71202 ($15,639.25), account #1181-202101-71202 ($379.13), account #4002-202101-71202 ($32,330.79), account #4121-202101-71202 ($12,132.26), account #4022-202101-71202 ($777.23), and account #4051-202101-71202 ($4,520.98), pursuant to the terms of the agreement and subject to these funds being included in the FY2021 budget as adopted by the Urban County Council.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
- Body of Resolution or Ordinance}