HomeMy WebLinkAbout4.14 - 2791 2019 Ad-Hoc Audit Review Committee
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STAFF REPORT
CITY COUNCIL
DATE: August 20, 2019
TO: Honorable Mayor and City Councilmembers
FROM:
Christopher L. Foss, City Manager
SUBJECT:
Appointments to the City Council 2019 Ad-Hoc Audit Review Committee
Prepared by: Colleen Tribby, Director of Administrative Services
EXECUTIVE SUMMARY:
The City’s independent auditor, Badawi and Associates, has commenced the field work
necessary to complete the Comprehensive Annual Financial Report for year ending
June 30, 2019. The City Council will consider the establishment of an Ad-Hoc
Committee, comprised of two City Councilmembers, who will review the audit process
and final report with the auditors.
STAFF RECOMMENDATION:
Confirm the Mayor’s recommendation of Councilmembers Josey and Kuma gai as the
2019 Ad-Hoc Audit Review Committee.
FINANCIAL IMPACT:
The cost of the audit was included in the Fiscal Year 2019-20 adopted budget.
DESCRIPTION:
The independent auditors from the firm of 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, comprised of two Councilmembers
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, at a future
City Council meeting, Staff will prepare an agenda item for action by the entire City
Council.
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Last year, the Committee was comprised of Mayor Haubert and Vice Mayor Hernandez.
Mayor Haubert has recommended the appointment of Councilmembers Josey and
Kumagai to serve as the 2019 Ad-Hoc Audit Review Committee.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
None.
ATTACHMENTS:
None.