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Sports authority reviews auditor representation letter; board asks city finance to certify disclosures
Summary
The Sports Authority of the County of Hamilton and the City of Chattanooga read a resolution to ratify Chair Matt Patterson's signature on a management representation letter for auditor Henderson, Hutchison and McCullough PLLC covering the fiscal year ended June 30, 2024.
The Sports Authority of the County of Hamilton and the City of Chattanooga read a resolution to ratify Chair Matt Patterson's signature on a management representation letter for auditor Henderson, Hutchison and McCullough PLLC covering the fiscal year ended June 30, 2024. Paul Boylan told the board the auditor would not be present at the meeting and "they will not be able to be here today" but expected them to attend the next meeting.
Board members discussed that much of the financial information attested to in the management representation letter is created and delivered to the auditor by the City of Chattanooga's finance department rather than by the sports authority directly. Board members asked the city to provide either an explicit written agreement or an on-record certification from the city's finance leadership that the city had adhered to the representations in the letter on behalf of the authority.
Paul Boylan, speaking to the board, identified the document and said the chair's electronic signature on the letter was the purpose of the resolution. Board members noted the auditor had prepared the management representation for filing with the State of Tennessee and that the authority's retained accounting and transactional records are maintained by the city's finance offices.
There was no formal vote recorded in the transcript on the ratification resolution during this meeting. Board members asked that city finance provide a certification that the representations in the management letter were accurate based on the city's administration of the authority's accounts; participants said a written certification or a city CFO attestation could be provided at a future meeting.
The board also heard that Henderson, Hutchison and McCullough PLLC expected to appear at a subsequent meeting to discuss the letter and related audit matters.
What happens next: Board members requested a city finance certification or written agreement clarifying the city's role in preparing and delivering the information that underlies the management representation letter; the auditors are expected to attend the next authority meeting.
