BCRUA-2026-016 - 8/26/2026 RESOLUTION NO. BCRUA-2026-016
WHEREAS, it is necessary for the Brushy Creek Regional Utility Authority, Inc. (BCRUA) to
conduct an annual audit of the BCRUA's financial records; and
WHEREAS, the accounting firm of Weaver and Tidwell, LLP has submitted an engagement
letter to provide said audit for the fiscal year ending September 30, 2026;and
WHEREAS, the BCRUA wishes to enter into an engagement letter with Weaver and Tidwell,
LLP for auditing services,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BRUSHY CREEK
REGIONAL UTILITY AUTHORITY:
That the Board President is hereby authorized and directed to execute on behalf of the BCRUA
an engagement letter with Weaver and Tidwell, LLP to conduct said audit, a copy of same being
attached hereto as Exhibit "A"and incorporated herein for all purposes.
The Board hereby finds and declares that written notice of the date, hour,place and subject of
the meeting at which this Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and the subject matter hereof were
discussed,considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551,
Texas Government Code, as amended.
RESOLVED this 26th day of August, 2026.
RENE,FLORES, Presid
Brushy Creek Regional Utility Authority
A'TEST:
ANNE DUFFY, Secretary
0330.20241
weavel> EXHIBIT
A
August 3, 2026
Mr.Sam Roberts, General Manager and Board of Directors
Brushy Creek Regional Utility Authority, Inc.
450 Cypress Creek Rd.
Cedar Park,Texas 78613
Dear Mr. Roberts and Board of Directors:
Weaver and Tidwell, L.L.P. ("our", "us", and "we") will perform an audit of the basic financial statements, which
comprise the statement of net position,statement of revenues,expenses and changes in net position,and statement
of cash flows as of and for the year ending September 30, 2026, and the related notes to the financial statements
of:
Brushy Creek Regional Utility Authority,Inc.
The following accompanying supplementary information will also be subjected to our auditing procedures, as well
as certain additional procedures, if applicable:
The Combining Financial Statements
The following required supplementary information ("RSI") will be subjected to certain limited procedures but will
not be audited:
Management's Discussion and Analysis
We are pleased to confirm our acceptance and our understanding of this engagement by means of this letter.
Applicable Standards and Framework
The auditing standards applicable to this engagement will be U.S. GAAS (generally accepted auditing standards in
the United States of America) and the Government Auditing Standards ("GAGAS"), and, if applicable, any state or
regulatory audit requirements.
The financial reporting framework applicable to this engagement is U.S. GAAP (generally accepted accounting
principles in the United States of America).
Engagement Objective
The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes
our opinion and to report on the fairness of the supplementary information referred to above when considered in
relation to the financial statements as a whole. Reasonable assurance is a high level of assurance but is not absolute
assurance and therefore is not a guarantee that an audit conducted in accordance with applicable auditing standards
will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud
or error and are considered material if there is a substantial likelihood that, individually or in the aggregate, they
would influence the judgment made by a reasonable user of the financial statements.
Weaver and Tidwell, L.L.P.
CPAs AND ADVISORS I WEAVER.COM
August 3, 2026
Our Responsibilities
We will conduct our engagement in accordance with the applicable standards described above. As part of an
engagement conducted in accordance with the applicable standards, we exercise professional judgment and
maintain professional skepticism throughout the engagement.
We also do the following:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error,as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of controls.
• Obtain an understanding of the system of internal control in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the system of internal control. However, we will communicate to you in writing concerning any significant
deficiencies or material weaknesses in internal control relevant to the audit that we have identified during
the engagement.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
• Conclude, based on the audit evidence obtained,whether there are conditions or events,considered in the
aggregate, that raise substantial doubt about the ability to continue as a going concern for a reasonable
period of time.
Our procedures will include tests of documentary evidence that support the amounts and disclosures in the financial
statements. Such tests may include tests of the physical existence of assets, and direct confirmation of cash,
investments, and certain other assets and liabilities by correspondence with creditors and financial institutions.As
part of our audit process, we may request written representations from your attorneys, and they may bill you for
responding.
Because of the inherent limitations of an audit,together with the inherent limitations of internal control,and because
we will not perform a detailed examination of all transactions, there is an unavoidable risk that some material
misstatements or noncompliance (whether caused by errors, fraudulent financial reporting, misappropriation of
assets, or violations of laws or governmental regulations) may not be detected, even though the audit is properly
planned and performed in accordance with applicable standards.
In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental
regulations that do not have a direct and material effect on the financial statements. However, we will inform the
appropriate level of management of any material errors,fraudulent financial reporting,or misappropriation of assets
that comes to our attention.We will also inform the appropriate level of management of any violations of laws or
governmental regulations that come to our attention, unless clearly inconsequential.
The accompanying supplementary information referred to above will be presented for purposes of additional
analysis and is not a required part of the financial statements. Such information will be subjected to the auditing
procedures applied in the audit of the financial statements and certain additional procedures, including comparing
and reconciling such information directly to the underlying accounting and other records used to prepare the
financial statements or to the financial statements themselves, and other additional procedures in accordance with
applicable standards. Our auditor's report will provide an opinion on the supplementary information in relation to
the financial statements as a whole in a report combined with our auditor's report on the financial statements.
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Our responsibilities for this engagement are limited to the period covered by our engagement and do not extend
to any other periods. Our engagement also does not include consultation with you on the adoption of new
accounting standards or any future increased duties we may have because of the actions of any regulatory body,
implementation of any new auditing standard, or occurrence of an unknown or unplanned significant transaction.
Rebecca Darling is the engagement partner or equivalent for the services specified in this letter and is responsible
for supervising our services performed as part of this engagement and signing or authorizing another qualified firm
representative to sign our report.
We expect to begin our procedures in November 2026.We will issue a written report only upon completion of our
engagement.Our report will be addressed to the entity's Board of Directors.
We cannot provide assurance that an unmodified audit opinion will be expressed.Circumstances may arise in which
it may be necessary for us to modify our opinion, add an emphasis-of-matter or other-matter paragraphs,delay the
initiation or completion of our engagement, or withdraw from the engagement. If our opinion on the financial
statements is other than unmodified,we will discuss the reasons with you in advance.
If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we
may decline to express an opinion or withdraw from the engagement.
GAGAS
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement,
we will consider the entity's internal control over financial reporting and perform tests of the entity's compliance
with the provisions of applicable laws, regulations, contracts, and grant agreements that could have a direct and
material effect on the determination of financial statement amounts.
In accordance with the requirements of GAGAS,we will also issue a written report describing the scope of our testing
over internal control over financial reporting and compliance with provisions of laws, regulations, contracts, and
grant agreements, and the results of that testing. However, providing an opinion on internal control over financial
reporting and compliance with respect to the financial statements will not be an objective of the audit and,therefore,
no such opinion will be expressed. Because the determination of waste and abuse is subjective, Government
Auditing Standards do not expect auditors to perform specific procedures to detect waste or abuse in financial
audits nor do they expect auditors to provide reasonable assurance of detecting waste or abuse.
Uniform Guidance
Our audit of the entity's major federal award program(s) compliance will be conducted in accordance with the
Uniform Guidance.
Our procedures will include a determination of major federal award programs in accordance with the Uniform
Guidance, and the identification of the compliance requirements that are direct and material to such major
programs.We will also perform other procedures we consider necessary to enable us to obtain reasonable assurance
about whether the entity complied with the direct and material compliance requirements applicable to major federal
award programs, so that we may express an opinion or disclaimer of opinion on major federal award program
compliance and render the required reports. We cannot provide assurance that an unmodified opinion on
compliance will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or
withdraw from the engagement.
Also, as required by the Uniform Guidance, we will perform tests to evaluate the effectiveness of the design and
operation of internal controls that we consider relevant to preventing or detecting material noncompliance with the
direct and material compliance requirements applicable to each of the entity's major federal award programs. Our
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report will include any significant deficiencies and/or material weaknesses identified. However,our tests will be less
in scope than would be necessary to render an opinion on these controls and, accordingly, no opinion on the
effectiveness of the internal control over compliance will be expressed in our report.
Required Supplementary Information(RSI)
U.S.GAAP,as promulgated by the Governmental Accounting Standards Board("GASB"),requires that management's
discussion and analysis and budgetary comparison information, among other items, be presented to supplement
the basic financial statements. Such information, although not a part of the basic financial statements, is required
by GASB, which considers it to be an essential part of financial reporting for placing the basic financial statements
in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain
limited procedures to the RSI in accordance with U.S. GAAS. These limited procedures will consist primarily of
inquiries of management regarding their methods of measurement and presentation and comparing the
information for consistency with management's responses to our inquiries.We will not express an opinion or provide
any form of assurance on the RSI.
Non-Attest Services
We will perform the following additional non-attest(non-audit)services as part of this engagement.
• Preparation of financial statements and related notes
GAGAS require that we perform and document an assessment of the skills, knowledge, and experience of the
individual designated by the entity to oversee any non-attest services we perform.The entity has designated Erica
Solis, Director of Finance, to oversee these services.
These non-attest services do not constitute an audit under GAGAS and such services will not be conducted in
accordance with GAGAS.
Third-Party Service Providers
Depending on the requirements of this engagement, we may use the services of our affiliate, Weaver and Tidwell
India LLP, a limited liability partnership incorporated in India, or one or more other third-party service providers to
assist us. Before sharing confidential information with those service providers, we will (i) secure agreements to
maintain the confidentiality of such information and ensure the information is only used for the purpose of assisting
us with the performance of this engagement and (ii)take commercially reasonable precautions to determine the
service providers have appropriate procedures in place to prevent the unauthorized disclosure of the information.
If we use such service providers, we will remain responsible for all work performed and any breach of our
confidentiality arrangements by those service providers.
Management's Responsibilities
Our engagement will be conducted on the basis that management and, when appropriate, those charged with
governance, acknowledge and understand that they have responsibility for:
a. the preparation and fair presentation of the financial statements in accordance with the applicable financial
reporting framework described above;
b. the design, implementation,and maintenance of the system of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement,whether due to fraud
or error;
c. the design, implementation, and maintenance of programs and controls to prevent and detect fraud;
d. informing us of any known or suspected fraud involving management, employees with significant roles in
the system of internal control and others where fraud could have a material effect on the financial
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August 3, 2026
statements (including any allegations of fraud or suspected fraud received in communications from
employees,former employees, regulators, or others);
e. providing us with:
i. access to all information of which management is aware that is relevant to the preparation and fair
presentation of the financial statements, such as records, documentation, and other matters;
ii. additional information that we may request from management for the purpose of the engagement;
and
iii. unrestricted access to persons from whom we determine it necessary to obtain evidence;
f. including our report,and our report on any supplementary information if described above,in any document
containing financial statements that indicates that such financial statements have been audited by us;
g. identifying and ensuring compliance with the applicable laws and regulations;
h. adjusting the financial statements to correct material misstatements and confirming to us in the
management representation letter that the effects of any uncorrected misstatements aggregated by us
during the current engagement and pertaining to the current period(s) under audit are immaterial, both
individually and in the aggregate,to the financial statements as a whole;
i. maintaining adequate records, selecting and applying accounting principles, and safeguarding assets;
j. the accuracy and completeness of all information provided;
k. with regard to the supplementary information referred to above: (a)the preparation of the supplementary
information in accordance with the applicable criteria; (b) providing us with the appropriate written
representations regarding supplementary information; (c) including our report on the supplementary
information in any document that contains the supplementary information and that indicates that we have
reported on such supplementary information; and (d) presenting the supplementary information with the
audited financial statements, or if the supplementary information will not be presented with the audited
financial statements,to make the audited financial statements readily available to the intended users of the
supplementary information no later than the date of issuance by you of the supplementary information and
our report thereon;
I. the design, implementation, and maintenance of the system of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due to
violations of laws, governmental regulations, grant agreements, or contractual agreements;
m. informing us of facts that may affect the financial statements of which you may become aware during the
period from the date of our report to the date the financial statements are issued; and
n. confirming your understanding of your responsibilities in this letter to us in your management
representation letter.
We understand that your employees will prepare all confirmations we request and will locate any documents or
support for any other transactions we request.
If we agree herein or otherwise to perform any non-attest services (such as tax services or any other non-attest
services), you agree to assume all management responsibilities for those services; oversee the services by
designating an individual, preferably from senior management, with suitable skill, knowledge, or experience;
evaluate the adequacy and results of the services;and accept responsibility for them.We will perform any such non-
attest services in accordance with applicable professional standards.
During the course of our engagement,we will request information and explanations from management regarding
operations, internal controls, future plans, specific transactions and accounting systems and procedures. At the
conclusion of our engagement, we will also require, as a precondition to the issuance of our report, that
management provide certain representations in a written letter concerning representations made to us in
connection with our engagement.You agree that as a condition of our engagement, management will,to the best
of its knowledge and belief, be truthful,accurate and complete in all representations made to us during the course
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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 misleading representations could cause us to expend unnecessary efforts in
the engagement;or,worse, could cause a material error or a fraud to go undetected by our procedures.
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.
Fees and Invoicing
The estimated fee for this engagement will be $45,700
The total fee for our services will be determined by the complexity of the work performed and the tasks required.It
is understood that neither our fees nor the payment thereof will be contingent upon the results of this engagement.
Our fee was calculated based on anticipated cooperation from all involved and the assumption that unexpected
circumstances will not be encountered during the engagement. If significant additional time is necessary, we will
discuss the reasons with you and arrive at a new fee estimate before we incur the additional costs.
Our invoices for this engagement will be rendered each month as work progresses. Our invoices are payable in
accordance with Texas Government Code §2251.021, if applicable.
Documentation and Deliverable
The documentation we prepare pertaining to and in support of this engagement is our property and constitutes
confidential information.
If you intend to make reference to our firm or include a report or portion of a report we issue in a published
document or other reproduction that includes a modified version of the report or financial information to which it
was attached, you agree to provide us with printers' proofs or masters for our review and approval before
reproducing. You also agree to provide us with a copy of the final reproduced material for our written approval
before it is distributed. If, in our professional judgment, the circumstances require, we may withhold our approval.
This requirement does not pertain to distributing unmodified reports along with the attached financial information
or dissemination of your financial information as a standalone document, such as on your website.
Unless we provide you with written consent in advance of such use, reports we issue are not intended to and should
not be provided or otherwise made available for use in connection with the sale of debt or other securities.If, in our
professional judgment,the circumstances require,we may withhold our consent.
Consistent with professional standards, our firm is subject to peer review and inspection by the PCAOB. Those
programs require that our system of quality management and a sample of our work be periodically examined by
another independent accounting firm or the PCAOB, respectively.A copy of our latest external peer review report
is available at peerreview.aicpa.org.The work we perform for you may be selected for review.If it is,we will provide
the reviewers with the required information without notice to you. Professional standards and PCAOB regulations
provide the applicable confidentiality requirements.
[Signatures on Next Page]
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Incorporated General Terms
Attached are our General Terms that provide additional terms (including but not limited to provisions on
confidentiality, limitations on liability, indemnifications, dispute resolution,jury waiver, etc.) for this engagement.
Those terms are incorporated and apply to all services described herein.
We appreciate the opportunity to assist you and look forward to working with you and your team.
Sincerely,
WEAVER AND TIDWELL, L.L.P.
Austin,Texas
Please sign and return a copy of this letter to indicate acknowledgment of, and agreement with,the arrangements
for our engagement as described herein, including each party's respective responsibilities. By signing below, the
signatory also represents that they have been authorized to execute this agreement.
Brushy Creek Regional Utility Authority,Inc.
By:
Printed Name:
Title:
Date:
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GENERAL TERMS
1. Expenses. the ethical standards of our firm or the ethical standards of
In addition to the fee for our services, reasonable and our profession in continuing our engagement, we may
necessary out-of-pocket expenses we incur(such as parking, suspend our services until a satisfactory resolution can be
reproduction and printing, postage and delivery, and out- achieved or we may resign from the engagement. We will
of-market travel, meals, and accommodations) will be provide notice of such conflict as soon as practicable and
invoiced at cost. The total amount stated on each invoice discuss any possible means of resolving the conflict prior to
will include a separate administrative and technology suspending our services.
charge. The charge represents an estimated allocation of 5. Non-Solicitation of Our Staff.
our support personnel,telecommunication, and technology We value every one of our partners, employees, and
infrastructure expenses.The amount stated on each invoice contractors and have spent a great deal of time and
will also include any sales, use, gross receipts, excise, or resources to locate, train, and retain those individuals.
other transaction tax imposed on our fees or expenses. Accordingly, during the term of this engagement letter and
2. Payment. for two (2)years after the later of the termination of this
Any disagreement with the charges must be communicated engagement letter or conclusion of the performance of all
to us in writing within thirty(30) days of the invoice date, of our services performed hereunder, no party, whether
after which any right to contest the invoices will be waived. voluntarily or involuntarily, directly or indirectly, will solicit
For invoices not paid within sixty(60)days of the invoice to employ or engage,on a partner,employee,contractor,or
date, a late charge will be added to any uncontested other basis, any of our partners, employees, or contractors
outstanding balance. The late charge will be assessed at a who perform these services, without obtaining the prior
rate of half a percent(0.5%) of the unpaid balance per written consent of our CEO or COO. This section shall not
month.If invoices are not paid within ninety(90)days of the apply to a solicitation by general advertisement (e.g.
invoice date,this engagement(and any other engagements website, social media posting, newspaper, etc.) or any
for the same party)will be placed on hold and we will stop employment or engagement resulting therefrom.
work until the balance is brought current, or we may 6. Confidentiality.
withdraw, and we will not be liable for any damages that A. During the course of this engagement, the parties
may result. may disclose to each other, orally, in writing, or otherwise,
3. Term. information that is identified as or which is otherwise
A. This engagement ends at the earlier of the completion categorized by law as proprietary,confidential,or privileged
of our services described above, the provision of any ("Confidential Information"). Confidential Information does
deliverables described above, or the termination of this not include material which (i) is in the public domain
engagement. Any party may earlier terminate this through no fault of the receiving party, (ii)was already
engagement at any time with ten (10)days' written notice known to the receiving party before it was first disclosed to
to the other party. If the engagement is terminated, our the receiving party by or on behalf of the disclosing party
engagement will be deemed to have been completed upon related to this engagement, (iii) is received by the receiving
written notification of termination, and we will be paid for party from third-parties without confidentiality restrictions,
our time expended and expenses incurred through the date unless those third-parties were acting for or on behalf of the
of termination. disclosing party related to this engagement, or (iv) is
B. If we are requested to perform additional services not developed by the receiving party independently of, and
addressed in this engagement letter, we will communicate without reference to, any Confidential Information
our ability to perform the services, the scope of additional communicated to the receiving party by or on behalf of the
services we agree to perform, and the fee arrangements we disclosing party. We will use the Confidential Information
would use.We also may issue a separate engagement letter disclosed to us during this engagement solely to perform
covering the additional services.In the absence of any other services for which we have been engaged.
written communication from us documenting the B. We may be requested to make the Confidential
arrangement for performance of such additional services, Information available to regulators and other government
those services will continue to be governed by the terms of agencies, pursuant to authority given by law or regulation.
this engagement letter. Responding to many such requests is mandatory. In those
4. Ethical Conflict Resolution. cases, access to such Confidential Information will be
In the unlikely event that circumstances occur which we in provided under our supervision and we may, upon their
our sole discretion believe could create a conflict with either request, provide the regulator or agency with copies of all
General Terms(Rev.26.05.15)I Page 1 of 3 weaver›-
or selected portions of the Confidential Information. The be informed in writing.We may assist if the matter is within
requesting party may intend or decide to distribute the our expertise. Unless already encompassed by the scope of
copies or information contained therein to others, including our engagement letter, if we agree to provide such further
other regulators or agencies. assistance,our services will be handled as additional services
C. Unless otherwise stated herein, prohibited by law or in the manner described above. A recording, summary, or
direction of law enforcement, or agreed in writing, the transcription of our conversations or presentations which we
parties will(i) provide prompt notice of any request received did not prepare and provide as part of this engagement is
to make Confidential Information pertaining to this not a final deliverable and may not be relied upon unless
engagement, including any of our work product, available expressly agreed in writing in advance by all parties.
to outside parties not involved in the performance of these I. We may transmit and store data via email, the cloud,
services and (ii)obtain written consent from the affected or other electronic and Internet-based mechanisms to
party before disclosing the Confidential Information in facilitate this engagement. Please be aware that those
response to the request. If consent is withheld, the parties mediums inherently pose a risk of misdirection or
will cooperate with any lawful efforts taken to minimize the interception of Confidential Information. Any request to
disclosure or protect the Confidential Information. limit such transmissions or use a different means of
D. We will invoice for reasonable and necessary time (at transmission or storage must be made in writing and we will
our then-current standard hourly rates) and out-of-pocket not be responsible for any resulting compromise in data
expenses (including attorney's fees) we incur to respond to security.
any request (such as a subpoena, summons, court order, or J. We do not act as the host or repository of financial or
administrative investigative demand) pertaining to this non-financial information or as an information back-up
engagement in a legal matter to which we are not a party.If service provider for our clients. It is the responsibility of our
we agree to perform additional substantive services related clients to maintain a complete set of their own financial and
to or arising out of the request, such matters may be the non-financial data and records. If some portion of the data
subject of a new engagement letter. and records is contained only within our files, inform us
E. The parties agree to maintain Confidential before the issuance of our deliverable and we will provide a
Information using the same standard of care each uses to copy.
protect its own information of like importance but in no case K. Unless otherwise stated herein or agreed in writing,
less than a reasonable standard of care. neither this engagement nor engagement letter is intended
F. All rights to Confidential Information (including for the benefit of any third party. Any party may inform us
patent, trademarks, copyrights, or other intellectual of any third party who will receive our deliverable.If we are
property rights) shall remain vested in the disclosing party, not informed in writing by a party, we are not aware of the
and no rights in the Confidential Information are vested in identity of such third parties and we do not anticipate their
the receiving party, except the limited right to use the reliance upon our professional services or deliverable unless
Confidential Information solely to perform its obligations or otherwise agreed in writing.
exercise its rights under this engagement letter. 7. Limitations on Liability and Indemnifications.
G. We will return or destroy the Confidential Information A. Each party to this engagement letter other than us
upon the disclosing party's request within a reasonable gives the following releases and indemnifications to us and
period of time, except that we will maintain any copies of our affiliates' partners, employees, and contractors, and
the Confidential Information for the period necessary to each of their heirs, executors, personal representatives,
comply with any applicable laws or professional standards successors and assigns("Our Representatives").We and Our
and our own document retention policy (e.g. we will Representatives are hereby released, indemnified, and held
maintain our workpapers for seven (7)years from the date harmless,from and against any liability and costs, including
of any attest report we issue). Following such a period, we related liabilities, losses, damages, costs, expenses, and
may destroy the Confidential Information without notice. attorneys' fees, resulting from or arising out of: (i) knowing
H. We may at times provide (i)documents marked as misrepresentations or unintentional or unauthorized
drafts or (ii) preliminary or ancillary information or advice disclosures to us or Our Representatives by any party(other
(not included in a final deliverable). Those documents, than us) or the officers, employees, or others acting or
information, and/or advice are for review and consideration purporting to act on their behalf, (ii)disclosure of our work
purposes only and should not be relied upon or distributed, product to anyone not a party this engagement letter who
and should be destroyed, unless otherwise required by law. we were not informed of in advance, or (iii) misdirection,
If further analysis, information, or advice is desired, we will interception, or failed delivery of information connected
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with this engagement during transmission, submission, or or relating to this engagement or engagement letter shall
storage. only be brought in, and each party agrees to submit and
B. Our and Our Representatives'total aggregate liability consent to the exclusive jurisdiction of the federal or state
pertaining to this engagement and engagement letter shall courts in the State of Texas and convenience of those
be limited to one(1)times the amount of our fees situated in Harris County,Texas.
(excluding any reimbursable expenses) the party bringing D. Each party hereby irrevocably waives any right it may
the claim paid to us for the services in question.In no event have to trial by jury in any proceeding arising out of or
shall we or Our Representatives be liable for indirect, relating to this engagement or this engagement letter.
incidental, consequential, special, multiple, exemplary, or E. Whenever possible, this engagement letter shall be
punitive losses or damages—even if advised of their interpreted in such a manner as to be effective and valid
possible existence. under applicable laws, regulations, or published
C. Satisfaction of a claim or cause of action arising from interpretation, but if any term of this engagement letter is
nonattest services(if any)which are part of this engagement declared illegal, unenforceable, or unconscionable, that
or performed pursuant to this engagement letter shall only term shall be severed or modified, and the remaining terms
be sought from the limited liability partnership,Weaver and of the engagement letter shall remain in force. The court
Tidwell, L.L.P. In no event will our partners, directors, should in such case modify any term declared to be illegal,
employees, or agents be individually liable for any liability, unenforceable, or unconscionable in a manner that will
damages, expenses, or losses of any nature, caused by or retain the intended term as closely as possible.
resulting from the engagement, engagement letter, or use F. If because of a change in status or due to any other
of our work product. While we are entering into this reason, any of the terms of this engagement or any contract
engagement letter on our own behalf,this paragraph is also we have now or enter into in the future with any of the other
intended for the benefit of Our Representatives. parties, would be prohibited by, or would impair our
D. All limitations on liability and indemnifications independence when required under laws, regulations or
contained herein shall apply to the fullest extent permissible published interpretations by governmental bodies,
by applicable laws and professional standards (including, professional organizations or other regulatory agencies,
without limitation, any applicable rules and interpretations such provision shall, to that extent, be of no further force
of the AICPA, PCAOB, and SEC), regardless of the cause of and effect and the contract shall consist of the remaining
action (whether contract, negligence, or otherwise), except portions.
as finally determined to have resulted solely from our fraud, 9. Miscellaneous.
gross negligence, or willful misconduct. A. We have non-CPA owners who may provide services
8. Dispute Resolution Procedure including Jury Waiver. pertaining to this engagement.
A. No claim arising out of or relating to this engagement B. We do not provide legal advice or services. If
or engagement letter shall be filed more than two (2)years necessary, refer to appropriate legal counsel for advice or
after the earlier of the termination of this engagement or services of that nature.
the date of the delivery of our work product in question, if C. This engagement letter sets forth all agreed upon
any. This limitation applies and begins to run even if no terms and conditions of our engagement with respect to the
damage or loss has been suffered, or the injured or matters covered herein and supersedes any that may have
damaged party has not become aware of the existence or come before.This engagement letter may not be amended
possible existence of a dispute. or modified except by further writing signed by all the
B. If a dispute arises out of or relates to this engagement parties. Any provisions of this engagement letter which
or engagement letter, or the breach thereof, and if the expressly or by implication are intended to survive its
dispute cannot be settled through negotiation, the parties termination or expiration will survive and continue to bind
agree first to try in good faith to settle the dispute by the parties. The use of electronic signatures or multiple
mediation before resorting to litigation. In such event, the counterparts to execute this engagement letter shall have
parties will attempt to agree upon a location, mediator,and the same force and effect as a manually or physically signed
mediation procedures,but absent such agreement any party original instrument.
may require mediation in Houston, Texas, administered by
the AAA under its Commercial Mediation Procedures.
C. This engagement letter and all disputes between the
parties shall be governed by, resolved, and construed in
accordance with the laws of the State of Texas, without
regard to conflict-of-law principles.Any action arising out of
General Terms(Rev.26.05.15)I Page 3 of 3 weaver}
Eide
Bailly
Report on the Firm's System of Quality Control
November 19, 2025
To the Partners of Weaver&Tidwell, L.L.P.
and the National Peer Review Committee
We have reviewed the system of quality control for the accounting and auditing practice of Weaver&Tidwell,
L.L.P. (the firm) applicable to engagements not subject to Public Company Accounting Oversight Board (PCAOB)
permanent inspection in effect for the year ended May 31, 2025. Our peer review was conducted in accordance
with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the
American Institute of Certified Public Accountants (Standards).
A summary of the nature, objectives,scope, limitations of, and the procedures performed in a system review as
described in the Standards may be found at www.aicpa.org/prsummary.The summary also includes an
explanation of how engagements identified as not performed or reported on in conformity with applicable
professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.
Firm's Responsibility
The firm is responsible for designing and complying with a system of quality control to provide the Firm with
reasonable assurance of performing and reporting in conformity with the requirements of applicable
professional standards in all material respects.The firm is also responsible for evaluating actions to promptly
remediate engagements deemed as not performed or reported on in conformity with the requirements of
applicable professional standards,when appropriate, and for remediating weaknesses in its system of quality
control, if any.
Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of and compliance with the firm's system of quality
control based on our review.
Required Selections and Considerations
Engagements selected for review included engagements performed under Government Auditing Standards,
including compliance audits under the Single Audit Act; audits of employee benefit plans, an audit performed
under FDICIA, and examinations of service organizations (SOC 1 and SOC 2 engagements).
As a part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if
applicable, in determining the nature and extent of our procedures.
1
Opinion
In our opinion,the system of quality control for the accounting and auditing practice of Weaver&Tidwell, L.L.P.
applicable to engagements not subject to PCAOB permanent inspection in effect for the year ended May 31,
2025, has been suitably designed and complied with to provide the firm with reasonable assurance of
performing and reporting in conformity with applicable professional standards in all material respects. Firms can
receive a rating of pass,pass with deficiency(ies)or fail.Weaver&Tidwell, L.L.P. has received a peer review
rating of pass.
Eide Bailly LLP