Title
Approving a resolution with the caption reading: A RESOLUTION DIRECTING THE PFLUGERVILLE COMMUNITY DEVELOPMENT CORPORATION TO CONDUCT ITS ANNUAL AUDIT USING THE SAME FIRM SELECTED BY THE CITY OF PFLUGERVILLE, TEXAS TO CONDUCT THE CITY'S ANNUAL AUDIT TO PROVIDE FOR EFFICIENCY.
Summary
The City of Pflugerville has a duty to cause its books, records, accounts and all other activities for the fiscal year to be audited at least once each fiscal year by an outside independent certified public accounting firm and the Pflugerville Community Development Corporation (PCDC) also has this duty. The City of Pflugerville is the "authorizing unit" of the PCDC and holds the statutory authority to approve all programs and expenditures of the PCDC and to annually review any financial statements of the PCDC. The City finds that using the same outside auditor each year to conduct the annual audit of the City and the PCDC would provide for efficiency. The attached resolution would set forth this new procedure.
Deadline for City Council Action
There is no deadline for action on the item.
Fiscal Impact
N/A
Staff Recommendation
Approve the resolution.
Drafter
Lauri Gillam
Assistant City Manager