Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Governance topic
No spam. Unsubscribe anytime.
Board authorizes $5,500 audit engagement with MLH
Summary
The board approved a contract with MLH for audit services at $5,500, citing low current complexity of the district's finances and the policy question of whether to rotate auditors when complexity grows.
The Los Olivos Police Services District board authorized an engagement with MLH for audit services at a fee of $5,500.
The general manager explained the statutory intent behind rotating auditors and presented the board with a policy choice: retain the existing firm (at lower cost) or switch to a new firm. Counsel advised there was no legal impediment to staying with the prior firm if the board prefers, but a new set of eyes may add value. A motion to contract with MLH for $5,500 was moved, seconded and approved by roll call.
Board members said the district’s currently simple financial structure does not present a high audit risk, but they noted costs could rise substantially if the district takes on larger grant portfolios or construction projects in the future.
