« Back to News and Events

Florida Trust Request for Proposal Audit and Tax service

The Florida Trust is seeking a nationally or regionally recognized independent accounting firm to provide auditing and tax services to the Trust. Listed below are questions we have received regarding the proposal.

1. How long has Lanigan & Associates, P.C. served as the independent auditor and professional tax preparer for the Florida Local Government Investment Trust?

    Lanigan and Associates, P.C. have served as the independent auditor for the last 6 years. 

 

2. What were the total fees paid for:

    a. The financial statement audit each of the past three years?

        -Did this include any out of pocket expenses?  If yes, how much were these out of pocket expenses.

    b. The preparation of the Form 1120 and Form F1120 each of the past three years?

        -Did this include any out of pocket expenses?  If yes, how much were these out of pocket expenses.

      The fees paid to Lanigan and Associates, P.C. over the past three years are as follows:

      Short Term Bond Fund /  Day to Day Fund

       FY 16-17: $23,338.81 / $8,000.00

       FY 15-16: $19,000.00 / $8,000.00

       FY 14-15: $16,000.00 / $3,000.00

       The services performed by Lanigan and Associates were not invoiced separately and therefore the amounts listed are a lump  sum that includes both audit and tax preparation services. No out of pocket expenses were itemized.

 

3. Have there been any significant changes in the operations or personnel of the Florida Local Government Investment Trust since September 30, 2016?

     Ken Kent, former Executive Director, retired as of March 24, 2017. Sean Hudson is serving as the Acting Executive Director

     Ron Webster, former Chief Financial Officer, departed the company March 13, 2017. Linda Harmon is serving as the Acting  Chief Financial Officer.

     Kurt Rodney has joined the Trust Operations Team as an Operations Analyst.

 

We appreciate the interest in the Florida Trust; for more information please review the RFP, posted at below.

Click Here