11-055 - RRESOLUTION NO. 11 -55
A RESOLUTION OF THE TOWN COUNCIL FOR THE TOWN OF PROSPER,
TEXAS, AUTHORIZING THE TOWN MANAGER TO EXECUTE AN
ENGAGEMENT CONTRACT FOR SERVICES FOR THE INDEPENDENT
AUDIT OF FISCAL YEAR 2011 AND 2012 FINANCIAL STATEMENTS WITH
THREE (3) OPTIONAL ONE -YEAR RENEWAL PERIODS; RESOLVING
OTHER MATTERS RELATING TO THE SUBJECT; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the Town of Prosper recognizes the need to engage an audit firm to provide
services in the annual independent audit of the Town's financial statements; and
WHEREAS, the Town Charter requires changing audit firms every five years and the
annual audit for Fiscal Year Ending September 30, 2010 was the fifth and final year for Pingleton,
Howard & Company to provide these services since the passage of the Town Charter; and
WHEREAS, the Town of Prosper staff issued a "Request for Qualifications" for firms
qualified to conduct the annual audit of the Town's financial statements in June 2011; and
WHEREAS, it is recommended that the firm of Davis Kinard & Co. P.C. be awarded the
contract as they are qualified to do business in the State of Texas and have been selected by
staff as the best firm to provide the Town services at this time.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL FOR THE TOWN
OF PROSPER, TEXAS:
Section 1. That all matters stated in the preamble of this resolution are true and correct
and are hereby incorporated into the body of this resolution as if copied in their entirety.
Section 2. That the Town Council hereby authorizes the Town Manager to execute an
engagement letter requesting the services of Davis Kinard & Co, P.C. for the independent audit of
the financial statements for fiscal years ending September 30, 2011 and 2012 and to provide an
opinion thereon.
Section 3. That this resolution is effective on the date of passage by the Town Council.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL FOR THE TOWN OF
PROSPER, TEXAS, on this 9th day of August, 2011.
Ray Sm th, Mayor
ATTEST:
Amy Piuka , Town Secretary
Town of Pr, sper, Texas