HomeMy WebLinkAboutItem 8.5 Audit Review Ad Hoc
CITY CLERK
File # D[I][][Q]-[3[Q]
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: November 16,2004
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, 2004.
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 anticipate that in a
few weeks, they will complete the work required to publish the Comprehensive Annual Financial Report
(CAFR) for the year ending June 30, 2004. 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 Zika to serve on the Ad Hoc Audit
Review Committee. Once the Committee is designated and all the audit work is concluded, 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 agenda
item regarding the CAFR for action by the entire City Council at a future Council 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, 2004.
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COPIES TO:
11b1
ITEM NO.ß.S-
AdHocAuditComm - agendastmt2004