HomeMy WebLinkAboutContract 55762CSC No. 55762
City of Fort Worth, Texas
February 1, 2021
Page 2
The agreed-upon procedures to be performed do not constitute an examination or review of the subject
matter. Accordingly, we will not express an opinion or conclusion on the subject matter. If we did perform
additional procedures, other matters might come to our attention that would be reported to you.
Your Responsibilities
With respect to any nonattest services we may provide, the City's management is responsible for
(a) making all management decisions and performing all management functions; (b) assigning a
competent individual, preferably within senior management, to oversee the services; (c) evaluating the
adequacy of the services performed; (d) evaluating and accepting responsibility for the results of the
services performed; and (e) establishing and maintaining internal controls, including monitoring ongoing
activities.
As part of our engagement, we will request from management written confirmation concerning
representations made to us in connection with the agreed upon procedures.
Engagement Fees
Our fees for our agreed-upon-procedures engagement will be $3,000 for the year ended
September 30, 2020.
Our engagement fees do not include any time for post-engagement consultation with your personnel or
third parties, consent letters and related procedures for the use of our reports in offering documents,
inquiries from regulators or testimony or deposition regarding any subpoena. Charges for such services
will be billed separately.
Our engagernent fees do not include consulting on the adoption of new accounting standards and any
increased duties because of any future regulatory body or an unknown or unplanned significant
transaction. We will consuit with you in the event any of these take place that may affect our fees.
Our Report and Other Relevant Information
Our report will list the procedures performed and our findings. Our report will be addressed to the City and
will be intended for use by and restricted to the use of the specified parties as identified above. Our report
will contain such restricted-use language.
Should we have any reservations with respect to the subject matter, we will discuss them with you before
the report is issued.
We have no responsibility to update our report for events and circumstances occurring after the date of
our report.
During the course of our engagement, we will request information and explanations from management
regarding the City's operations, future plans, specific transactions and accounting systems and
procedures. At the conclusion of our engagement, we will require, as a precondition to the issuance of
our report, that management provide certain representations in a written representation letter. The City
agrees that as a condition of our engagement that management will, to the best of its knowledge and
belief, be truthful, accurate, and complete in all representations made to us during the course of the
engagement and in the written representation letter. The procedures we perform in our engagement
and the conclusions we reach as a basis for our report will be heavily influenced by the written and oral
representations that we receive from management. False or misieading representations could cause us
to expend unnecessary efforts in our engagement; or, worse, could cause a material error or a fraud to
go undetected by our procedures.
City of Fort Worth, Texas
February 1, 2021
Page 3
In the unlikely event that circumstances occur which we in our sole discretion believe could create a
conflict with either the ethical standards of our firm or the ethical standards of our profession in continuing
our engagement, we may suspend our services until a satisfactory resolution can be achieved or we may
resign from the engagement. We will notify you of such conflict as soon as practicable, and will discuss
with you any possible means of resolving them prior to suspending our services.
The hiring of or potential employment discussions with any of our personnel could impair our
independence. Accordingly, you agree to inform the engagement partner prior to any such potential
employment discussions taking place.
During the course of the engagement, we may communicate with you or with your personnel via fax or
e-mail, and you should be aware that communication in those mediums contains a risk of misdirected or
intercepted communications.
Mr. Kevin Sanford is the engagement partner for the services specified in this letter. His responsibilities
include supervising the engagement and signing the report or authorizing another individual to sign it.
We plan to begin our procedures in December 2020, and unless unforeseeable problems are
encountered, the engagement should be completed by February 2021.
We look forward to a continued relationship with your organization, and we are available to discuss the
contents of this letter or other professional services you may desire.
Please sign and return the attached copy of this letter to indicate your acknowledgment of, and
agreement with, the arrangements for our engagement including our respective responsibilities. If you
have any questions, piease let us know.
�-� � -�'�P.�-,�� {�
WEAVER AND TIDWELL, L.L.P.
City of Fort Worth, TexasFebruary l , 2021
Page 4
RESPONSE:
This letter correctly sets forth our understanding.
Acknowledged and agreed on behalf of the City of Fort Worth by:
:�nted Name• �� Title: C, 'I-y Pf cu,,.tl-} er
Date:
APPROVED AS TO FORM AND LEGALITY:
By&��P�enis C. McElroy Assistant City Attorney
Approval: NA
Contract Compliance Manager:
By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performanceand reporting requirements. _/) _ ()A�!� Printed Name: Ar1t-l,J "1 £✓( Jr?q.,, Title: 4 �.JI { f..� i (' ,v.,_, c, /Ji,-1_� c.,.f _,,__
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