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 2019 for an amount not to exceed $158,500 (FY2020), 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 approve Strothman and Company, Certified Public Accountants and Advisors, to conduct a financial audit of all Lexington-Fayette Urban County Government funds for fiscal year 2019 for an amount not to exceed $158,500 (FY2020), and to authorize the Mayor or his designee, on behalf of the Urban County Government, to execute a Letter Agreement and any other necessary documents with Strothman and Company related to the audit. Funds will be included in FY 2020 Budget. (L1232-18) (O’Mara)
Budgetary Implications: Yes - FY2020
Advance Document Review:
Law:
Fully Budgeted: To be included in FY2020 Budget
Account Number:
1101-202101-2011-71202 90,577.71
1115-202101-2011-71202 16,148.67
1181-202101-2011-71202 391.48
4002-202101-2011-71202 33,383.91
4121-202101-2011-71202 12,527.45
4022-202101-2011-71202 802.54
4051-202101-2011-71202 4,668.24
This Fiscal Year Impact:
Annual Impact: $158,500 (FY2020)
Project:
Activity:
Budget Reference:
Current Balance: To be included in FY2020 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 2019 for an amount not to exceed $158,500.00 (FY2020), 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 $158,500.00 (FY2020) be and hereby is approved for payment to Strothman and Company from account #1101-202101-71202 ($90,577.71), account #1115-202101-71202 ($16,148.67), account #1181-202101-71202 ($391.48), account #4002-202101-71202 ($33,383.91), account #4121-202101-71202 ($12,527.45), account #4022-202101-71202 ($802.50), and account #4051-202101-71202 ($4,668.24), subject to these funds being included in the FY2020 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:
________________________________
CLERK OF URBAN COUNTY COUNCIL