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Committee adds federal single-audit language to engagement with Casey Peterson LTD
Summary
Interim finance officer Renee Baker said the city revised its audit engagement with Casey Peterson LTD after surpassing the $750,000 federal funding threshold that triggers a federal single-audit; the committee voted to forward the revised letter to council.
Renee Baker, interim finance officer, told the committee the revised engagement letter with Casey Peterson LTD adds the federal single-audit requirement after the city received more than $750,000 in federal funding.
"We did already sign the engagement letter with Casey Peterson. However, that was before we had realized the need for the federal seagull audit, which is because we received more than $750,000 in Federal funding," Baker said. She told members there were no changes to the schedule and no issues with the auditor taking on the additional requirement.
Committee members moved and seconded to approve the revised engagement letter and forward it to the City Council with a recommendation of approval. The chair announced the motion carried.
