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Approve an engagement letter between the Vacaville Fire Protection District and Maria Teresa L. Lapira, CPA, to conduct financial audits for FY2022/23, FY2023/24 and FY2024/25 for a total cost of $36,000
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Published Notice Required? Yes ___ No _X_
Public Hearing Required? Yes ___ No _X_
DEPARTMENTAL RECOMMENDATION:
Approve an engagement letter between the Vacaville Fire Protection District and Maria Teresa L. Lapira, CPA, to conduct financial audits for FY2022/23, FY2023/24 and FY2024/25 for a total cost of $36,000.
SUMMARY/DISCUSSION:
In accordance with Government Code §26909, special districts including fire districts are required to conduct biennial audits as determined by their Board of Directors.
The Board of Supervisors, in its capacity as the Board of Directors for the Vacaville Fire Protection District, is being asked to complete financial audit reports for FY2022/23, FY2023/24 and FY2024/25 financial statements. At this time the Board is being asked to approve an engagement letter with Maria Teresa L. Lapira, CPA, to complete this work.
FINANCIAL IMPACT:
The anticipated cost of each fiscal year audit is $12,000 for a total of $36,000. The financial audit costs are included in the Districts FY2024/25 Working Budget. The costs associated with preparing the agenda item are nominal and absorbed by the Department’s FY2025/26 Working Budget.
ALTERNATIVES:
The Board may choose not to proceed with an audit at this time, however this is not recommended as there is a need to provide current audits for County and State compliance purposes.
OTHER AGENCY INVOLVEMENT:
None.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION