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File #: 0446-23    Version: 1 Name: Strothman & Company Financial Audit FY23
Type: Resolution Status: Approved
File created: 4/19/2023 In control: Urban County Council
On agenda: 5/25/2023 Final action: 5/25/2023
Enactment date: 5/25/2023 Enactment #: R-285-2023
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 2023 for an amount not to exceed $175,000 (FY2024), 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 Strothman and Co. related to the audit. [Dept. of Finance, Hensley]
Attachments: 1. Memo FY23 Financial Audit Agreement, 2. Strothman FY2023 Engagement Letter, 3. 00780780.pdf, 4. R-285-2023, 5. Contract #219-2023
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 2023 for an amount not to exceed $175,000 (FY2024), 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 Strothman and Co. related to the audit. [Dept. of Finance, Hensley]


Summary
Authorization to approve engagement with Strothman and Company, Certified Public Accountants and Advisors, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for FY 2023 for an amount not to exceed $175,000, and to execute a Letter Agreement and any other necessary documents with Strothman and Company related to the audit. Funds are included in the FY2024 Mayor's Proposed Budget. (L0446-23) (Hensley)
Budgetary Implications: Yes, FY2024
Advance Document Review:
Law: Yes, Completed by David Barberie, April 20, 2023
Risk Management: N/A
Fully Budgeted: Yes, included in FY2024 Mayor's Proposed Budget
Account Number: 1101-202101-2011-71202 ($100,289.51)
1115-202101-2011-71202 ($17,660.21)
1181-202101-2011-71202 ($427.98)
4002-202101-2011-71202 ($36,558.69)
4121-202101-2011-71202 ($13,699.96)
4022-202101-2011-71202 ($877.42)
4051-202101-2011-71202 ($5,486.23)
This Fiscal Year Impact: $0
Annual Impact: $175,000.00 (FY2024)
Project:
Activity:
Budget Reference:
Current Balance: included in FY 24 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 2023 for an amount not to exceed $175,000.00 (FY2024), and the Mayor or the Commissioner of Finance, on be...

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