HomeMy WebLinkAboutItem 8.2 Appt Ad Hoc CommitteeG~~,l OF Dp~l f~
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i9;~~~~~ STAFFREPORT CITY CLERK
`~c~~,,~ ~ ~ DUBLIN CITY COUNCIL File # ^~ODp -~~
DATE: October 5, 2010
TO: Honorable Mayor and City Councilmembers
FROM: Joni Pattillo, City Manager
SUBJ . Confirmation of Appointment of City Council 2010 Ad-Hoc Audit Review
Committee
Prepared By.~ Paul S. Rankin, Administrative Services Director
EXECUTIVE SUMMARY:
The independent auditors from the firm of Caporicci and Larson have scheduled their field work
necessary to complete the Comprehensive Annual Financial Report (CAFR) for the year ending
June 30, 2010. The City Council will consider the establishment of an Ad Hoc Committee,
comprised of two City Council Members, to review the audit process and final report with the
Auditors.
FINANCIAL IMPACT:
The cost of the audit has been included in the Fiscal Year 2010-11 Budget.
RECOMMENDATION:
Staff recommends that the City Council confirm the Mayor's appointment of Vice Mayor
Hildenbrand and Mayor Sbranti as the 2010 Ad-Hoc Audit Review Committee that will serve for
a limited time. The Committee will meet with the City Auditors to review and discuss the audit
report for the period ending June 30, 2010.
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Submitted By:
Administrative Services Director
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Reviewed By:
-~/ Assistant City Manager
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DESCRIPTION:
The independent auditors from the firm of Caporicci and Larson, (now a subsidiary of Stonefield
Josephson) have scheduled to begin the field work for the City Audit the week of October 18,
2010. The Auditing Standards Board (ASB) establishes required protocols to be followed by
independent Auditors. This governing body issues their directives in documents referenced as
the Statement on Accounting Standards (SAS), which are applicable to both private and
governmental entities.
These standards require that the Auditors communicate directly with those charged with
governance. At a future City Council Meeting, after the Ad-Hoc Audit Review 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.
Last year the Ad-Hoc Audit Review Committee was comprised of Councilmember pon Biddle
and Councilmember Kevin Hart. Mayor Sbranti has recommended the appointment of Vice
Mayor Hildenbrand and Mayor Sbranti, to serve as the 2010 Ad-Hoc Audit Review Committee.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
A copy of the Staff Report has been provided to Ahmed Badawi, Partner Caporicci & Larson.
ATTACHMENTS: None
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