HomeMy WebLinkAbout5.12 Appointments to the City Council 2025 Ad-Hoc Audit Review Committee
STAFF REPORT
CITY COUNCIL
Page 1 of 2
Agenda Item 5.12
DATE: July 15, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Appointments to the City Council 2025 Ad-Hoc Audit Review Committee
Prepared by: Wendy Lam, Accounting Manager
EXECUTIVE SUMMARY:
The City’s independent auditor, Badawi and Associates, ha s commenced the field work
necessary to complete the Annual Comprehensive Financial Report for year ending June 30,
2025. The City Council will consider the establishment of an Ad-Hoc Committee consisting of
two members of the City Council who will review the audit process and final report with the
auditors.
STAFF RECOMMENDATION:
Confirm the Mayor’s recommendation, which includes her own appointment along with
Councilmember John Morada, to the 2025 Ad-Hoc Audit Review Committee.
FINANCIAL IMPACT:
The cost of the audit was included in the Fiscal Year 2025-26 adopted budget.
DESCRIPTION:
The independent auditors from the firm Badawi and Associates are required to follow protocols
established by the Governmental Auditing Standards Board and issue their directives in
documents referenced as the Statement on Accounting Standards, which are applicable to
both private and governmental entities.
These standards require that the auditors communicate directly with those charged with
governance. The Ad-Hoc Audit Review Committee, consisting of two members of the City
Council appointed by the Mayor, is established each year for this purpose. After the Committee
has had an opportunity to review and discuss the report with the auditors, Staff will prepare an
agenda item for action by the entire City Council at a future meeting.
Last year, the Committee was composed of former Mayor Michael McCorriston and former
234
Page 2 of 2
Councilmember Janine Thalblum. Mayor Hu has recommended her own appointment along
with Councilmember John Morada to the 2025 Ad-Hoc Audit Review Committee.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
None.
235