To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller, Director of Finance
Title
Resolution Authorizing the Engagement of Forvis Mazars, LLP, for the Fiscal Year 2024 Town of Castle Rock Independent Annual Audit
Body
______________________________________________________________________
Executive Summary
Forvis Mazars, LLP, and its predecessor, BKP, LLP, have performed the independent annual audit for fiscal years 2018 through and including 2023. Town Staff believes that, in order to minimize the potential for disruptions and delays in the annual audit process, it is imperative to retain Consultant to conduct the annual audit for fiscal year 2024.
The purpose of this Resolution (Attachment A) is for Town Council to approve the engagement of Forvis Mazars, LLP as the Town’s auditors.
Discussion
Since 2018, Forvis Mazars, LLP has served as the Independent Auditor and successfully completed the annual financial audit and consent letters for the Town of Castle Rock.As the Town continues to grow, the Finance staff places great importance on evaluating other independent auditors who could not only perform a financial audit but also provide tools and technical guidance for the implementation of new pronouncements and other complex transactions.
Budget Impact
The cost quoted for audit services from Forvis Mazars, LLP was $189,420.00 in order to meet the Town’s financial obligations.
Staff Recommendation
Staff recommends that Town Council approve the Resolution as written.
Proposed Motion
“I move to approve a Resolution Authorizing the Engagement of Forvis Mazars, LLP, for the Fiscal Year 2024 Town of Castle Rock Independent Annual Audit.”
Attachments
Attachment A: Resolution
Attachment B: First Amendment