SUBJECT:
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Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute a contract with Weaver and Tidwell, L.L.P. for Quadrennial Performance Audit services for a period of one hundred and eighty (180) calendar days in an amount not to exceed $195,000.
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FISCAL IMPACT:
Funding for this contract is included in the FY2024-2025 Proposed Operating Budget.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
Strategic Objectives:
? 1.1 Safe & Reliable Service ?1.2 High Quality Customer Experience ? 1.3 Accessible System
? 2.1 Support Sustainable Regional Growth ? 2.2 Become a Carbon Neutral Agency
? 2.3 Responsive to Community and Customer Needs ? 2.4 Regional Leader in Transit Planning
? 3.1 Diversity of Staff ? 3.2 Employer of Choice ? 3.3 Expand Highly Skilled Workforce
? 4.1 Fiscally Responsible and Transparent ? 4.2 Culture of Safety ? 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: CapMetro is required to undergo a performance review once every four years under Section 451.454, Texas Transportation Code.
BUSINESS CASE: The audit will lead to improved maintenance and operations functions that will improve system reliability and customer experience.
COMMITTEE RECOMMENDATION: This item was presented and recommended for approval by the Finance, Audit and Administration Committee on September 11, 2024.
EXECUTIVE SUMMARY: The purpose of the audit is to 1) provide necessary information for the performance of oversight functions by state and local officers; and 2) provide CapMetro with necessary information to improve efficiency and effectiveness of the administration and management of the authority. If approved by the board, a contract with Weaver and Tidwell, L.L.P. will be finalized for a period of one hundred and eigh...
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