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Meeting Date:
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3/26/2014 - 7:30 PM
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Category:
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Consent Agenda
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Type:
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Action
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Subject:
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12.12 (Item #14) Financial and Performance Audit Contract with Nigro & Nigro, PC, for the Proposition 39 Bond Funds.
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LCAP (Local Control Accountability Plan) Goal:
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Strategic Initiative 5.2 Optimal Operations and Infrastructure Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources.
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Enclosure
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Financial and Performance Audit Contract with Nigro & Nigro, PC for Proposition 39 Bond Funds.
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File Attachment:
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Summary:
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A request for proposals (RFP) was issued for audit services as the District had reached the end of its existing contract and all related extensions. The audit committee and chairperson of the Measure C Citizens' Bond Oversight Committee met to review the responses to the FRP. There were nine proposals received and committee, through its evaluation, decided on the top three, one of which was the District's current audit firm, Christy White Accountancy Corporation. The committee opted to recommend changing audit firms, not because of any issues or concerns with the current auditors, but because it is good practice to periodically change audit firms and have a fresh look at the District. The audit committee recommended Nigro & Nigro, PC as the top candidate. Positive references were received from Fremont and Livermore Valley Joint Unified School Districts.
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Funding:
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Prop 39 Bond Funds.
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Fiscal Impact
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2013/14 $10,260 plus actual travel costs at rates pursuant to board policy not to exceed $840.
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Recommendation:
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Approve the Financial and Performance Audit Contract with Nigro & Nigro, PC, for Proposition 39 Bond Funds.
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Approvals:
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Recommended By:
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Signed By:
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Bryan Richards - Chief Financial Officer
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Signed By:
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Dr. Nellie Meyer - Superintendent
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Vote Results:
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| Original Motion | | Member Moved, Member seconded to approve the Original motion 'Approve all Consent Agenda items.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Linda Mayo | Yes | | Barbara Oaks | Yes | | Brian Lawrence | Yes | | Lynne Dennler | Yes | | Cheryl Hansen | Yes | |
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