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District packet includes Smith, Schafer audit engagement; board to consider hiring firm
Summary
The July 21 board packet includes an engagement letter from Smith, Schafer & Associates proposing to audit ISD 239’s FY2025 financial statements. The letter sets a timeline and a maximum fee of $22,550; hiring is listed as a July 21 agenda item.
The board packet for July 21 includes a formal engagement letter from Smith, Schafer & Associates, LTD., proposing audit services for Independent School District No. 239’s fiscal year ended June 30, 2025. The engagement letter describes the audit scope, associated professional responsibilities, and a maximum fee of $22,550 for the audit engagement.
The letter in the packet sets a planned schedule: preliminary audit procedures in September 2025 and an issuance window for reports by Dec. 31, 2025. The July 21 agenda lists an item to approve hiring Smith, Schafer to complete the 2024–25 audit; the minutes packet contains the full engagement letter and fee language for board review prior to action.
Why it matters: the selection of the district’s external auditor determines who will perform the independent financial statement audit and the timing and cost of that oversight work. The engagement letter outlines deliverables, the auditor’s responsibilities under GAAS and Government Auditing Standards, and other terms such as documentation retention and communications with governance.
What’s next: the board is scheduled to consider and potentially approve the firm on July 21; administration and the selected firm would then coordinate scheduling and required documentation for the audit.
