Title
Resolution - Approval of Acceptance of the Selection of Independent Auditor and Tax Services - J Smith
Other Info
Submitted By: Janelle Smith
Department: Finance
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, Bolinger, Segars, Gilbert & Moss, L.L.P., since the 2013 fiscal year audit; the audit partner of the current audit firm has been in place for three (3) years since the 2023 fiscal year audit.
The Audit Committee discussed this selection during their meeting on April 9, 2026 (2026-087) and recommended the acceptance of BSGM for 2026 and 2027 fiscal years.
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 2026 and 2027 audits and tax services.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE PEC BOARD OF DIRECTORS that the Board of Directors hereby 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 2026 and 2027 audits.
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.