| Summary: | Our former auditors Tinsley & Terry, CPAs, PA informed the Town on April 18, 2016 that they would not be able to perform our annual audit, due to staffing issues, for FY 2016. Staff issued an RFP on April 26, 2016 with responses due by May 20, 2016. We received two responses, although acceptable in format, one of the responses was not timely and excluded from consideration. The response from Rowell, Craven, & Short, PA has been reviewed and staff recommends the approval of a contract with the firm in accordance with the requirements of the LGC. The expected cost of the FY2016 audit is $20,950 (which is within the proposed budget line item). The engagement letter and contract are attached. The firm currently audits several other North Carolina municipalities which expressed a positive opinion of the audit services received. Local Government Approval id required for all contracts for audit services, following approval by the Board. The audit report is due to the LGC on October 31, 2016. |