Title
Consider EAA staff recommendation to approve an engagement letter with RSM US, L.L.P., to provide independent audit services for fiscal year 2026, in an amount not to exceed $98,000.
Body
STAFF RECOMMENDED MOTION:
Move the Finance/Administrative Committee recommend the board approve an engagement letter with RSM US, L.L.P., to provide independent audit services for fiscal year 2026, in an amount not to exceed $98,000.
SUMMARY:
The purpose of this agenda item is for the Finance/Administrative Committee to consider an EAA staff recommendation to approve an engagement letter with RSM US, L.L.P., for independent audit services for fiscal year 2026.
In July 2024, the EAA issued a Request for Qualifications and Statements of Interest for audit services (RFQ) and the board selected RSM US, L.L.P to serve as the EAA’s independent auditor with a one-year engagement and six renewal options. This engagement for the fiscal year 2026 audit represents the second of six possible renewals.
Attached to this summary is the engagement letter, reviewed by legal counsel, between the EAA and RSM US, L.L.P. to provide audit services for 2026. The total cost for audit services for fiscal year 2026 is not to exceed $98,000.
M/WBE PARTICIPATION:
RSM US, L.L.P. is not an M/WBE vendor, however their engagement includes 10% M/WBE subcontractor participation.
STRATEGIC PLAN REFERENCE:
This agenda item does not relate to a specific goal within the Strategic Plan, but supports the general EAA mission.
FISCAL IMPACT:
Funding in the amount of $98,000 is included in the General Manager's 2027 proposed operating budget.