Title
Resolution - Acceptance of the Selection of Independent Auditor and Tax Services
Other Info
Submitted By: Sylvia Romero
Department: Financial Services
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session
Discussion
The Cooperative maintains an independent auditor for the examination of financial records and tax services. PEC has utilized the current audit firm since the 2013 fiscal year audit; the audit partner of the current audit firm has been in place for three (3) years since the 2018 fiscal year audit.
The Board may now consider to accept the selection and retain the current audit firm for the solicitation of these professional services for the fiscal year 2021 audit and/or future year audits. The Board may also recommend any other schedule for an audit partner.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE PEC BOARD OF DIRECTORS (“Board”), that the Board of Directors hereby accepts and approves the selection and retain Bolinger, Segars, Gilbert & Moss, L.L.P. as the Cooperative’s independent auditor and tax professional for the fiscal year 2021 audit;
BE IT FURTHER RESOLVED that the audit partner of the current audit firm selected serve for up to a five (5) year term, and
BE IT FURTHER RESOLVED that the Chief Financial Officer, or designee, is authorized to take all needed actions to implement this resolution.