HomeMy WebLinkAbout5.02 Appointments to the City Council 2024 Ad-Hoc Audit Review Committeer
DUBLIN
CALIFORNIA
STAFF REPORT
CITY COUNCIL
Agenda Item 5.2
DATE: August 20, 2024
TO: Honorable Mayor and City Councilmembers
FROM: Linda Smith, City Manager
SU B.ECT: Appointments to the City Council 2024 Ad -Hoc Audit Review Committee
Prepared by: JayBaksa, Finance Director
EXECUTIVE SUMMARY:
The City's independent auditor, Badawi and Associates, have commenced the field work necessary
to complete the Annual Comprehensive Financial Report for year ending June 30, 2024. The City
Council will consider the establishment of an Ad -Hoc Committee comprising 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 of Mayor McCorriston and Councilmember Josey as the
2024 Ad -Hoc Audit Review Committee.
FINANCIAL IMPACT:
The cost of the audit was included in the Fiscal Year 2024-25 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, comprising 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 Mayor Hernandez and Councilmember Qaadri. The
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Mayor has recommended the appointment of Mayor McCorriston and Councilmember Josey to
serve as the 2024 Ad -Hoc Audit Review Committee.
STRATEGIC PLAN INITIATIVE:
None
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
None.
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