HomeMy WebLinkAboutItem 8.3 Mayor's Appt Ad-Hoc Audit%~~
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CITY CLERK
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AGENDA STATEMENT
CITY COUNCIL MEETING DATE: September 1, 2009
SUBJECT: Confirmation of Appointment of City Council 2009 Ad-Hoc Audit
Review Committee
Report Prepared by.• Paul S. Rankin, Administrative Services Director
ATTACHMENTS:
None
RECOMMENDATION• Confirm the Mayor's appointment of Councilmember Biddle and
Councilmember Hart as the 2009 Ad- Hoc Audit Review Committee
that will meet with the City Auditors to review and discuss the audit
report for the period ending June 30, 2009.
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 Caporicci and Larson have scheduled to
begin the field work for the City Audit the week of October 26, 2009. 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. SAS
no.114 includes a requirement that the Auditors communicate with the Ad-Hoc Committee in advance of
performing the work in order to advise the representatives of the governing body of the planned scope and
timing of the audit. Once the Committee is designated, a meeting will be scheduled to meet with the
Auditor in advance of their field work and again after the work is completed and the report is available.
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.
Last year the Committee was comprised of Mayor Tim Sbranti and Councilmember Scholz. Mayor
Sbranti has recommended the appointment of Councilmember Biddle and Councilmember Hart, to serve
as the 2009 Ad-Hoc Audit Review Committee that will serve for a limited time.
RECOMMENDATION:
Confirm the Mayor's appointment of Councilmember Biddle and Councilmember Hart as the 2009 Ad-
Hoc Audit Review Committee that will meet with the City Auditors to review and discuss the audit report
for the period ending June 30, 2009.
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COPY TO: Ahmed Badawi, Caporicci & Larson, CPA
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G:AChris\Staff Reports 2009~,Ad Hoc Audit Committee - ag stmt(2009) - final.DOC