HomeMy WebLinkAbout8.1 Designation of Ad Hoc Audit Review --, CITY CLERK
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AGENDA STATEMENT
CITY COUNCIL MEETING DATE: November 18, 2003
SUBJECT: Designation by City Council for an Ad Hoc Audit Review
Committee
Report Prepared by: Carole A. Perry, Administrative Services
Director
ATTACHMENTS: None
RECOMMENDATION: Appoint two members of the City Council to meet with the City
Auditors to review and discuss the report for the period ending June
30, 2003.
FINANCIAL STATEMENT: Designation of a Committee 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 of Vavrinek, Trine, Day and Company
anticipate that in the next few weeks, they will complete all of the work required to publish the
Comprehensive Annual Financial Report for the year ending June 30, 2003. In the past, the City Council
has established an Ad Hoc Committee to review the report with the Auditors.
Last year Council appointed Mayor Lockhart and Councilmember Sbranti to serve on the Ad Hoc Audit
Review Committee. Once the Committee is designated, Staff will coordinate potential meeting dates and
times with the Auditors. After the Committee has had an opportunity to review the report and discuss any
issues with the Auditors, Staff will prepare an item for action by the entire City Council at a public
meeting.
At this time, it is recommended that the City Council designate two members that will serve on the Ad
Hoc Committee and will meet with the City Auditors to review and discuss the audit report for the period
ending June 30, 2003. .
COPIES TO:
ITEM NO.
AdHocAuditComm-agendastmt2003.DOC I n ,