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HomeMy WebLinkAbout03/25/2024 - Regular Minutes - City Council - Audit CommitteeMayor John Nichols Mayor Pro Tem Dennis Maloney City Manager Bryan C. Woods (kff' CITY OF COLLEGE STATION Home ofTawsAdM Univnsisr' Minutes CITY COUNCIL AUDIT COMMITTEE IN -PERSON WITH TELECONFERENCE PARTICIPATION Monday, March 25, 2024, at 3:00 pm Audit Committee Members Present: John Nichols, Mayor Mark Smith, Councilmember Linda Harvell, Councilmember Michelle McMillin, Committee Member Nicolo Logalbo, Committee Member City Staff: Ty Elliott, Internal Auditor Matthew Ragaglia, Program Internal Auditor Bryan Woods, City Manager Jennifer Prochazka, Assistant City Manager Jeff Kersten, Assistant City Manager Adam Falco, City Attorney Mary Ellen Leonard, Finance Director Michael Dehaven, Assistant Director Finance Kimberly Dickey, Records Management Administrator Councilmembers Linda Harvell Elizabeth Cunha Mark Smith William Wright Bob Yancy 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 3:00 p.m. on March 25, 2024, 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 September 21, 2023. MOTION: From Committee Member Lind Harvell to approve and a second by Committee Member Mark Smith, the Audit Committee voted five (5) for and zero (0) opposed to approve the September 21, 2023, 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. MOTION: From Committee Member Lind Harvell and a second by Committee Member Mark Smith, the Audit Committee voted five (5) for and zero (0) opposed to accept the Annual Audit and Annual Comprehensive Financial Report (ACFR). The motion carried unanimously. 3.3 Presentation. discussion, and possible action regarding the Travel Expense Reporting and Reimbursement Process Audit. Ty Elliott, Internal Auditor, introduced Matthew Ragaglia who provided a brief overview of a few improvements the city could make to better manage the travel expense reporting and reimbursement process. They were encompassed in the following audit recommendations: 1. Enhance Policy Communication. 2. Rework the Travel Expense Report. 3. Further Data Should be Gathered on Meal Expenses. 4. Greater Scrutiny Should be Given to High -Risk Expense Reports. 5. Codify Policies on Remote Work. 6. Department Consistency for Selecting Professional Development. 7. Finance Should Investigate Possible Technology Solutions. 3.4 Presentation., discussion, and possible action regarding the Citv Internal Auditor's Fiscal Year 2024 Audit Plan update. Internal Auditor Ty Elliott briefly updated the committee on the progress of the FY24 audit plan and therefore, the three areas that are yet to be completed are: (1) An audit examining Roles and Permissions, (2) An audit examining Vendor Management, and (3) An assessment of the Human Resources Department. 4. Discussion and possible action on future agenda items. No future agenda items at this time. 5. Adjourn. There being no further business, Mayor Nichols adjourned the 2024. ATTEST: 4:10 pm on Monday, March 25, ` U% P. Nichols, Mayor Tanya S , City Secretary