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HomeMy WebLinkAbout05/03/2016 - Regular Minutes - City Council - Audit CommitteeMayor Nancy Berry Mayor Pro Tem John Nichols City Manager Kelly Templin CITY OF Coi..i_i c i-: STATION Home of Texas A&M University' Minutes CITY COUNCIL AUDIT COMMITTEE Tuesday, March 29, 2016 at 4:30 pm City Hall Administrative Conference Room 1101 Texas Avenue College Station, Texas 77840 Audit Committee Members Present: Nancy Berry, Mayor Karl Mooney, Councilmember Steve Aldrich, Councilmember City Staff: Ty Elliott, Internal Auditor Kelly Templin, City Manager Chuck Gilman, Deputy City Manager Jeff Kersten, Assistant City Manager Jeffrey Capps, Assistant City Manager Mary Ann Powell, Deputy City Attorney Mary E. Leonard, Finance Director Carol Thompson, Budget & Financial Reporting Mgr Anita Dorsey, Financial Reporting Supervisor Raney Whitwell, Secretary Regular Agenda Item No. 1 — Call to Order and Announce a Quorum is Present Council members Steve Aldrich Blanche Brick Karl Mooney Julie Schultz James M. Benham With a quorum present, the Audit Committee of College Station was called to order by Mayor Nancy Berry at 4:30 p.m. on Tuesday, March 29, 2016 in the Administrative Conference Room of the City of College Station City Hall, 1 101 Texas Avenue, College Station, Texas 77842. Regular Agenda Item No. 2 - Presentation, possible action, and discussion of minutes for the audit committee meeting held on November 19, 2015 and January 25, 2016. MOTION: Upon a motion made by Councilmember Karl Mooney__, __ _ and a second by Councilmember Steve Aldrich , the Audit Committee voted three (3) for and zero (0) opposed, to approve the November 19, 2015 and January 25, 2016 Audit Committee minutes. The motion carried unanimously. Regular Agenda Item No 3 - Presentation, possible action, and discussion regarding the External Audit Report and Comprehensive Annual Financial Report (CAFR) presentation. Jeff Kersten, Chief Financial Officer introduced Jim Ingram with Ingram, Wallis & Co. P.C. Jim Ingram presented the results of the fiscal year 2015 audit and presented, along with staff, the 2015 CAFR, Compliance and Single Audit Reports. This report provides a summary of the City's financial position as of September 30, 2015. MOTION: Upon a motion made by Councilmember _Karl Mooney and a second by Councilmember _Steve Aldrich , the Audit Committee voted three (3) for and zero (0) opposed, to move to accept the fiscal year 2015 audit and 2015 CAFR, Compliance and Single Audit Reports to be presented to the City Council for their approval. The motion was unanimous. Regular Agenda Item No. 4 - Presentation, possible action and discussion regarding future agenda items. Internal Auditor, Ty Elliott briefly update the CBB Audit and the upcoming Police Evidence Audit. A meeting for the CBV Audit will be scheduled in the near future. Regular Agenda Item No. 5 - Adjourn. Hearing no objections, Mayor Berry adjourned the meeting at 4:54 p.m. on Tuesday, March 29, 2016, ATTEST: 11, Secretary Nancy Berry, Mayor