old_town_academy_k_8_charter_school_board_meeting.pdf
Board Tables Action on David Graves Audit Contract
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Description
Old Town Academy discussed the existing three‑year auditing engagement with David Graves and outlined potential renewal and mandatory rotation requirements after six years. The board tabled formal action on the David Graves contract for further discussion at a future meeting.
Contract Details
Vendor
GRAVES, DAVID
Agency
Old Town Academy K-8 Charter District, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
September 17, 2025
Contract Term
3-year auditing contract, currently in year 3; may be renewed for an additional 3 years after initial term, then must be rotated for 1 year after 6 years and can be renewed again
Renewal Info
Contract is structured as a three‑year consecutive auditing engagement, with the option to renew for another three years. After six consecutive years, the auditing contract must be rotated to a different auditor for at least one year, after which the contract could be renewed again. Approval or renewal for periods beyond the current third year was tabled at this meeting.
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