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  Item #   4. C. 7.    
City Council
Meeting Date: 03/11/2019  
Submitted For: Warren Porter Submitted By: Nagesh Chopra, Finance

Approval of engagement letter for internal audit type monitoring services to be performed by Crawford & Associates, P.C., estimated amount; $25,120.
Crawford & Associates, P.C. staff have generally prepared an annual internal audit plan for the Finance/Audit Committee. In FY 2018, the subjects were Grants and Accounts Payable. For FY 19, the Finance Committee is recommending the following:

1. Municipal Court Revenue: The focus is on restitution and aging of outstanding court collections.

2. Sidewalk Escrow Fund: The focus is on process of receipting and remittance of funds, the aging of bonds that have been collected and the proper refunding of bonds.

3. Police Department Cash Collections at the Jail: The focus is on process of receipting and remittance of funds at in-take and the amount of time to keep undeclared items.

The Finance/Audit Committee met on February 20, 2019 and unanimously recommended to forward this proposal to City Council for approval.
Time Frame
Project to begin upon approval.
Finance/Audit Committee unanimously recommended approval at their meeting on February 20, 2019.
Action Needed
Motion to approve.
Public Notification
Posted Edmond City Council agenda.

Fiscal Impact
Funding/Cost: 25,120
Budgeted Item Y/N or N/A: Y
652581-8319: Accounting, Consulting & Professional Services: $25,120.
2019 COE Internal Audit Engagement Letter

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