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Board debates auditor rotation and whether to negotiate or seek bids
Summary
Board members discussed state guidance on auditor rotation and considered negotiating with the incumbent firm versus taking audit services to bid; the transcript records an affirmative vote but the precise motion text is not fully captured.
Board members discussed state guidance that encourages auditor rotation and whether to continue with the incumbent firm or solicit bids. S7 noted the state does not set a fixed rotation period but reviews audit applications annually and suggested either negotiating with the current firm or taking the audit contract to bid; the discussion referenced Floyd and Associates and White and Associates as past and recent auditors.
After discussion, the board recorded 'aye' votes and the motion passed as presented in the transcript; the exact motion language and recorded mover/second were not fully captured in the available transcript. The board agreed to proceed with the action as discussed and will follow up with formal contract documentation.
