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Board renews financial and bond audit contracts for three years
Summary
Trustees approved two audit engagement letters -- one for the annual financial audit and one for the bond audit -- renewing the relationship with Christie White for a three-year term at an approximate $30,000 per year cost.
The board approved renewal of two audit engagement letters with Christie White for the district’s financial audit and bond audit for a three-year term. Staff described the arrangement as standard practice and noted the bond audit might be needed only two years but is secured for three as a precaution.
Meeting presenters said the audit engagement is recurring and that annual costs are in the neighborhood of $30,000. "Yes, there is a price tag for this," the audit presenter said during discussion. Trustees moved and seconded the motion and the board approved the agreements on a 5-0 vote.
Trustees briefly discussed audit partner rotation rules and staffing continuity; staff said the audit team typically remains the same but partners may rotate as required by audit firm policies.
