HomeMy WebLinkAboutItem 8.2 DesignationCC1996
:.1
~.
.
"".. . ---.,.,
File # nRl[lJ[Q]-~[Q]
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: (November 4, 1996)
SUBJECT:
Designation of City Council 1996
Ad-hoc Audit Review Subcommittee
0d'v Report Prepared by: Paul S. Rankin, Assistant City Manager
ExmBITS ATTACHED: None
RECOM:MENDATION: {) AY Appoint two members of the City Council to meet with the City
\' v ~ Auditors to review and discuss the report for the period ending June
30, 1996.
FINANCIAL STATEMENT:
The designation of the Subcommittee has no financial impact. The
complete Audit and Financial Report will be presented to the full
City Council at a future meeting.
DESCRIPTION: The independent auditors from the firm ofVavrinek, Trine, Day &
Co., have completed the work required to publish the Comprehensive Annual Financial Report for the
year ending June 30, 1996. In the past the City Council has established an ad-hoc subcommittee to review
the report with the Auditors. The subcommittee last year consisted of Councilmember Moffatt and
Mayor Houston.
In the past, Staff prepares an item for action by the entire City Council at a public meeting, after the
subcommittee has had an opportunity to review the report and discuss any issues with the Auditors,. Once
a subcommittee is designated Staff will contact the Auditors to identify potential meeting dates and times.
The final report will need to be issued by the second week in December in order to meet the deadline for
submittal to the California Society of Municipal Finance Officers. It would be desirable for the report to
be presented to the full City Council at the meeting on December 3,1996.
Staff would recommend that two members of the City Council be designated as an ad-hoc subcommittee,
to meet with the City Auditors to review and discuss the report for the period ending June 30, 1996.
-------------------------------------------------------------------
COPIES TO:
. ITEM NO. 8.2
G\: FlNANCE\AUDlTI95-96AUDIT\agemteee.doe