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Leander ISD recommends Whitley Penn for 2024–25 audit, estimates $92,000
Summary
Chief Financial Officer Pete Pape recommended engaging Whitley Penn for the 2024–25 audit as the fourth year of a contract with up to five one-year renewals; the agenda lists an estimated audit cost of $92,000 and cites compliance with Texas Education Code Section 44.008.
Pete Pape, Ed.D., CPA, Chief Financial Officer, recommended that the Board of Trustees engage Whitley Penn to provide audit services for the 2024–25 fiscal year, according to the Jan. 9, 2025 agenda. "Administration recommends that the Board of Trustees approve Whitley Penn be engaged to provide annual audit services for the 2024-2025 fiscal year," the packet states; the item cites compliance with Section 44.008 of the Texas Education Code (SEG 053–054).
The agenda notes the district completed an RFP for audit services in spring 2022 and previously awarded a contract to Whitley Penn (approved March 24, 2022). The RFP allows up to five one-year renewals; 2024–25 would be year four. The engagement letter estimates the cost at $92,000 ($91,000 for the annual financial audit and $1,000 for out-of-pocket expenses); last year’s actual expense was $87,700. The agenda also notes a change in the managing partner for this engagement to preserve continuity while maintaining fieldwork independence.
