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HomeMy WebLinkAbout03/20/2023 - Regular Minutes - City Council - Audit CommitteeMayor John Nichols Mayor Pro Tem Dennis Maloney City Manager Bryan C. Woods OCff CITY OF COT FGE STATION Home of Texas Ad'iM University® Councilmembers Linda Harvell Elizabeth Cunha Mark Smith William Wright Bob Yancy Minutes CITY COUNCIL AUDIT COMMITTEE IN -PERSON WITH TELECONFERENCE PARTICIPATION Monday, March 20, 2023, at 1:30 pm Audit Committee Members Present: John Nichols, Mayor Mark Smith, Councilmember Michelle McMillin, Committee Member Rick Price, Committee Member City Staff: Ty Elliott, Internal Auditor Bryan Woods, City Manager Jeff Capps, Deputy City Manager Jeff Kersten, Assistant City Manager Jennifer Prochazka, Assistant City Manager Adam Falco, City Attorney Mary E. Leonard, Finance Director Michael Dehaven, Assistant Finance Director Anita Dorsey, Controller Yvette Dela Torre, Deputy Local Registrar 1. Call meeting to order and Announce a Ouorum is Present. With a quorum present, the Audit Committee of College Station was called to order by Mayor Nichols at 1:36 pm on March 20, 2023, in the 1938 Executive Conference Room of the City of College Station City Hall. 2. Hear Visitors There were no hear visitors. 3. Agenda Items 3.1 Presentation, discussion, and possible action of minutes for the City Council Audit Committee meeting held on December 6, 2022. MOTION: Upon a motion made by Councilmember Mark Smith and a second by Michelle McMillin, the Audit Committee voted four (4) for and zero (0) opposed to approve the December 6, 2022, Audit Committee minutes. The motion carried unanimously. 3.2 Presentation, discussion, and possible action regarding the Annual External Audit and Annual Comprehensive Financial Report (ACFR). Amanda Eaves from Forvis, the external auditing firm, presented the findings related to the annual audit report. The resulting opinions from their audit are as follows: unmodified "clean" opinions of the financial statements and uniform guidance compliance, and no deficiencies were identified in internal control compliance. No action was taken. 3.3 Presentation, discussion, and possible action to provide an update on the progress of the fiscal year 2023 Audit Plan. Internal Auditor Ty Elliott briefly updated the committee on the progress of the FY23 audit plan and stated that the audit plan would need to be amended. Direction was given to amend the FY23 audit plan to remove the Developer Constructed Streets and the Fire/EMS ILA audits. The Safeguarding City Assets from Cybersecurity Threats audit was added to the audit plan. Implementing a continuous auditing program is contingent on receiving approval for an ongoing service level adjustment to the Internal Auditor's FY24 budget. Therefore, the committee amended the audit plan to include the following projects in FY23: (1) Peer review (2) Safeguarding City Assets from Cybersecurity Threats audit (3) Comprehensive audit follow-up annual report (4) Ringer Library follow-up and ILA examination 3.4 Presentation, discussion, and possible action regarding ThirdLine no code analvtics platform for audit and management in government. ThirdLine representatives David Osborn, Nathan Pickard, and Sam Gallaher provided a short presentation on ThirdLine, their no -code analytics platform specifically for audit and management that work in government. Products provided by ThirdLine are continuous risk assessment, agile audits module, and monitoring. ThirdLine is different from other platforms in that they are focused explicitly on the Tyler/Munis ERP System. 4. Discussion and possible action on future agenda items. There were no future agenda items discussed. 5. Adiourn. There being no further business, Mayor Nichols adjourned the meeting at 3:07 pm on Monday, March 20, 2023. John P. Nichols, Mayor ATTEST: Tanya Smith, City Secretary