Consider Approval for FY 17-18 Audit Contract

Finance Director Piet Swart

SUMMARY:  Per North Carolina General Statute Section 159-34, the contract with the financial auditor is between the Board and auditor, and therefore must be approved by the Board.  The contract under consideration is with the firm of Rowell , Craven and Short, PA to provide an audit, as required by North Carolina Statutes, of the financial statements for the year ending June 30, 2018.  The expected cost of the FY2018 audit is $22,700. The engagement letter and contract are attached.  Local Government Commission Approval is required for all contracts for audit services, following approval by the Board.  The audit report is due to the LGC on October 31, 2018.