Title
Resolution - Recommendation to Approve the Selection of Independent Auditor and Tax Services
Other Info
Submitted By: Sylvia Romero
Department: Audit Committee Recommendation
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 for the past 5 years. The Committee may now consider recommending to the Board whether to select and retain the current audit firm or open a procurement for the solicitation of these professional services.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE PEC BOARD OF DIRECTORS (“Board”), that the Board approves selection and retention of Bolinger, Segars, Gilbert & Moss, L.L.P <http://www.bsgm.com/> as the Cooperative’s independent auditor and tax professional with rotation of the audit partner for up to a three (3) year term; and
BE IT FURTHER RESOLVED that the Chief Financial Officer is authorized to take all needed actions to implement this resolution.