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File #: 0581-24    Version: 1 Name: Audit of Financial Statements
Type: Resolution Status: Approved
File created: 5/31/2024 In control: Urban County Council
On agenda: 6/27/2024 Final action: 6/27/2024
Enactment date: 6/27/2024 Enactment #: R-316-2024
Title: A Resolution authorizing Crosslin, PLLC, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for Fiscal Year 2024 for an amount not to exceed $187,250 (FY2025), and authorizing and directing the Mayor or the Commissioner of Finance, on behalf of the Urban County Government, to execute a Letter Agreement and any other necessary documents with Crosslin, PLLC related to the audit. [Div. of Procurement, Slatin]
Attachments: 1. BlueSheet Memo Audit of Financial Statements.pdf, 2. Crosslin Letter of Engagement Law Review.pdf, 3. LFUCG Proposal - Crosslin, PLLC.pdf, 4. LFUCG Cost Proposal - Crosslin, PLLC.pdf, 5. Crosslin COI.pdf, 6. RESO 0581-24- Crosslin Audit Agreement 4891-3378-1445 v.1.pdf, 7. R-316-2024
Title
A Resolution authorizing Crosslin, PLLC, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for Fiscal Year 2024 for an amount not to exceed $187,250 (FY2025), and authorizing and directing the Mayor or the Commissioner of Finance, on behalf of the Urban County Government, to execute a Letter Agreement and any other necessary documents with Crosslin, PLLC related to the audit. [Div. of Procurement, Slatin]

Summary
Authorization to engage Crosslin, PLLC, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for FY 2024 for an amount not to exceed $187,250 (FY2025), and to execute a Letter Agreement and any other necessary documents with Crosslin, PLLC related to the audit. Funds are included in the FY 2025 Mayor's Proposed Budget. (L0581-24) (Slatin/Hensley)

Budgetary Implications: Yes
Advance Document Review:
Law: Yes
Risk Management: N/A
Fully Budgeted: Yes, included in FY2025 Mayor's Proposed Budget
Account Number: 1101-202101-2011-71202 $101,000.00
1115-202101-2011-71202 $19,000.00
4002-202101-2011-71202 $38,000.00
4121-202101-2011-71202 $13,000.00
4022-202101-2011-71202 $1,000.00
4051-202101-2011-71202 $6,000.00
1101-202101-2011-71201 $4,750.00
1115-202101-2011-71201 $4,500.00

This Fiscal Year Impact: $0
Annual Impact: $187,250 (FY2025)
Project:
Activity:
Budget Reference:
Current Balance: included in FY2025 Mayor's Proposed Budget
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Crosslin, PLLC, be and hereby is authorized to conduct a financial audit of all Lexington-Fayette Urban County Government Funds for Fiscal Year 2024 for an amount not to exceed $187,250.00 (FY2024), and the Mayor or the Commissioner of Finance, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute the Letter Agreement, which is attached hereto and incorporated herein...

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