HomeMy WebLinkAbout920470.tiff RESOLUTION
RE: APPROVE ENGAGEMENT LETTER AND AUTHORIZE CHAIRMAN TO SIGN - BROCK AND
COMPANY
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with an Engagement Letter between
Brock and Company, United Bank Building, South, 3500 JFK Parkway, Suite 320, Fort
Collins, Colorado 80525, and the Weld County Retirement Board, with the terms
and conditions being as stated in said letter, and
WHEREAS, after review, the Board deems it advisable to approve said
engagement letter, a copy of which is attached hereto and incorporated herein by
reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the engagement letter between Brock and Company, United
Bank Building, South, 3500 JFK Parkway, Suite 320, Fort Collins, Colorado 80525,
and the Weld County Retirement Board be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is,
authorized to sign said letter.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 27th day of May, A.D. , 1992.
A A
BOARD OF COUNTY COMMISSIONERS
ATTESTI // 41 /12:47
:47 WELD COUNTY, COLORADO
I � V,
Weld County Clerk to the Board
Geo e Kenn y, Chairman
BY:
tlheLd onstance L. Harbert, Pro-Tem
APPROVED AS TO FORM: EXCUSED
C. W. Ki
inti4ttorney Go . L cy -
W. H. Webster
920470
lll.coit C-C- #G ,J(tec_.I<
THOMAS B BROCK,C.P.A. ENNETH S.ROPER,CPA. WATERSTREET
CERTIFIED PUBLIC ACCOUNTANTS VANDERLVNN STOW C.P.A. LEE P.ACKERMAN,C.RA. 2595 CANYON BLVD,SUITE 340
SUSAN R.JOHNSON,CPA. LYN S.PRINO,CPA. BOULDER,CO 80302
MARK R.KAUFMANN,C.P.A. 444-2971
B , R , O , C , K n+ •.,TY FAX 444-0869
Ur? )` FIRST NATIONAL BANK BUILDING
A N D � 401 N.MAIN STREET,SUITE
LONGMONT,CO 80501
/(? PH (� 776-2160 METRO:443-9993
COMPANY r Ii} Y 22 2: 46 FAX 776-2431
May 21, 1992 UNITED BANK BLDG SOUTH
BUSINESS CONSULTANTS y CLERK 35001FK PARKWAY,SUITE 320
FORT COLLINS,CO 80525 223-7855 A PROFESSIONAL CORPORATION
TO THE BOARD FAX 22233926ETRO:530-9343
Board of County Commissioners
Weld County, Colorado
Dear Commissioners:
This letter is to confirm our understanding of the terms and objectives
of our engagement and the nature and limitations of the services we will provide.
We shall audit each of the balance sheets of the Weld County Retirement
Plan as of December 31, 1991 and 1992, and the related statements of revenues,
expenses and changes in net assets available for benefits for each of the years
then ending. Our audits will be made in accordance with generally accepted
auditing standards, and, accordingly, will include such tests of the accounting
records and such other auditing procedures as we consider necessary in the
circumstances.
At the conclusion of our audit, we will submit to you a report
containing our opinion on the financial statements. If, for any reason, we are
unable to render an unqualified opinion on the financial statements, we will
discuss this with you.
The Plan's financial statements are solely the representation and
responsibility of the County's management. Although management may consult with
us regarding accounting principles applied to the financial statements and
methods of application, the selection of accounting principles and method of
application is a determination made solely by management.
Our audit will be directed to the expression of our opinion on the
mentioned financial statements taken as a whole. An audit is not a guarantee of
financial statements largely because, to be cost-effective, it is based on the
concept of selective testing. That, coupled with the fact that it is possible
to override or circumvent the internal controls established by you to provide
assurance, among other things, as to the reliability of financial records, means
that our engagement is subject to the inherent risk that material errors,
irregularities, or illegal acts, including fraud or defalcations, may not be
detected if they exist. However, should any such matters come to our attention,
we will report them to you.
We will also submit to you a memorandum containing any suggestions for
improvement of the existing internal control structure, accounting policies and
procedures and other related matters which come to our attention during the
course of our engagement.
MEMBERS:AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
PUBLIC AND PRIVATE COMPANIES PRACTICE SECTIONS-
THE CONTINENTAL ASSOCIATION OF CPA FIRMS.INC. 920470
Board of County Commissioners -2- May 21, 1992
At the conclusion of our audit, we will request certain written
representations from you confirming your responsibility for the fair presentation
in the financial statements of financial position and results of operations in
conformity with generally accepted accounting principles, and related matters.
Our charges to the County for our services will be made at our regular
rates plus out-of-pocket expenses. Billings will be rendered as the work
progresses, with payment to be made upon presentation.
We believe the foregoing correctly sets forth our understanding, but
if you have any questions, please let us know. If you find the arrangements
acceptable, please acknowledge your agreement to the understanding by signing
and returning to us the copy of this letter that is enclosed.
It is a pleasure for us to be of service to you.
Very truly yours,
BROCK AND COMPANY, CPAs, P.C.
Accepted:
WELD COUNTY COMMISSIONERS
ATTEST /!
WELD C UNTY CL RK TO� BOARD
BY: / '7 THE BOARD
f� 7/9c,'
ate
BROCK AND COMPANY
CERTIFIED PUBLIC ACCOUNTANTS
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