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Trustees approve piggybacking pension audit on the city's audit, ratify routine expenses
Summary
Trustees voted to include the pension fund in the city's annual audit (prorated cost to the pension) rather than commission a stand-alone audit, and they ratified routine fund expenses and distributions at the meeting.
The Oldsmar Firefighters' Pension Board voted to include its financials in the city's audit this cycle and to cover the pension's prorated share of the cost, rather than pay for a separate stand-alone audit.
Staff presented two cost options: inclusion in the city's audit for $5,250 or a stand-alone audit for $7,570. Trustees discussed economies of scale, oversight benefits…
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