HomeMy WebLinkAbout4.4 Appointments to the City Council 2021 Ad-Hoc Audit Review CommitteeSTAFF REPORT
CITY COUNCIL
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Agenda Item 4.4
DATE:July 20, 2021
TO:Honorable Mayor and City Councilmembers
FROM:Linda Smith, City Manager
SUBJECT:Appointments to the City Council 2021 Ad-Hoc Audit Review Committee
Prepared by: Lisa Hisatomi, 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, 2021. The City
Council will consider the establishment of an Ad-Hoc Committee, comprising two City
Councilmembers, who will review the audit process and final report with the auditors.
STAFF RECOMMENDATION:
Confirm the Mayor’s recommendation of Mayor Hernandez and Councilmember McCorriston as
the 2021 Ad-Hoc Audit Review Committee.
FINANCIAL IMPACT:
The cost of the audit is included in the adopted Fiscal Year 2021-22 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 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, Staff will prepare an agenda item for action by
the entire City Council at a future meeting.
Last year, the Committee comprised Councilmember Josey and Vice Mayor Kumagai. Mayor
Hernandez has recommended the appointment of Mayor Hernandez and Councilmember
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McCorriston to serve as the 2021 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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