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HomeMy WebLinkAboutBrightside AuditDate: December 11, 2014 To: Board of Commissioners From: Erik Kropp, Deputy County Administrator U. Re: December 15,2014 Work Session Agenda Item: Brightside Agreed Upon Procedures Report On the Board's December 15, 2014 Board Work Session is a discussion of the report from Harrigan Price Fronk & Company on the Brightside Animal Center (also known as Redmond Humane Society). As background, Brightside Animal Center entered into a partnership with Central Oregon Community College (COCC) for the college to operate its Veterinary Technician program at Brightside. At the request of Brightside, Deschutes County sold the Event Center to COCC in the spring of2014. As part ofthe agreement to sell the Event Center, the County hired Harrigan Price Fronk & Company to work with Brightside to review and evaluate the financial position of the animal shelter and aid the organization in its financial accounting. The agreed upon procedures covered the following topics: 1. Internal control over revenue from cash handling at the thrift store and shelter. 2. Monthly and fiscal period closing procedures to assure accrual accounting is properly developed. 3. Evaluate the current accounting presentation. 4. Analyze and present common financial ratios and analyses for the statements as compared to peer organizations. 5. Assist Brightside in developing standard reporting processes through QuickBooks. Harrigan Price Fronk & Company has completed the review and issued its report. Staff from Brightside will attend the work session and discuss how the organization plans to implement the recommendations from the report. Implementation of the recommendations will strengthen the financial procedures at Brightside and improve the monthly financial reporting to the County. c: Chris Bauersfeld, Brightside Animal Center Executive Director Mark Crose, Board President, Brightside Animal Center