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HomeMy WebLinkAbout05/04/2011 - Regular Minutes - City Council - Audit CommitteeMayor Nancy Berry Mayor Pro Tem Dave Ruesink City Manager David Neeley CITY OF COLLEGE STATION Home of Texas A&M Univeniiy' Council members Blanche Brick Jess Fields Karl Mooney Katy-Marie Lyles Julie Schultz Minutes CITY COUNCIL AUDIT COMMITTEE Wednesday, May 4, 2011 at 4:00 pm City Hall Administrative Conference Room 1101 Texas Avenue College Station, Texas 77840 AUDIT COMMITTEE MEMBERS PRESENT: Mayor Berry, and Councilmember Fields STAFF PRESENT: City Auditor Ty Elliot, Assistant City Manager David Neeley, Deputy City Secretary, Chief Financial Director Jeff Kersten, Assistant Financial Director Janet Dudding Regular Agenda Item No. 1 - Call to order. Mayor Berry called meeting to order at 4:10 p.m. Regular Agenda Item No. 2 - Presentation, possible action, and discussion of minutes for the audit committee meeting held February 17, 2011. MOTION: Upon a motion made by Councilmember Fields and a second by Mayor Berry, the Audit Committee voted two (2) for and zero (0) opposed, to move to approve Audit Committee Minutes of February 17, 2011. The motion was unanimous. Regular Agenda Item No. 3 - Presentation, possible action, and discussion concerning the City's fiscal vear 2010 external audit. Jeff Kersten, Chief Financial Officer introduced Jim Ingram with Ingram, Wallis & Co. P.C. Jim Ingram presented the results of the fiscal year 2010 audit and presented, along with staff, the 2010 CAFR, Compliance and Single Audit Reports. This report provides a summary of the City's financial position as of September 30, 2010. Upon a motion made by Councilmember Fields and a second by Mayor Berry, the Audit Committee voted two (2) for and zero (0) opposed, to move to accept the fiscal year 2010 audit and 2010 CAFR, Compliance and Single Audit Reports to be presented to the City Council for their approval. The motion was unanimous. Audit Committee Minutes Page 2 Wednesday, May 4, 2011 Regular Agenda Item No. 4 - Presentation, possible action, and discussion regarding future agenda items. No discussion was held. Regular Agenda Item No. 5 - Adiourn. Hearing no objections, Mayor Berry adjourned the meeting at 6:00 p.m. on Wednesday, May 4, 2011. Council member Fields made a motion to adjourn. Mayor Berry seconded the motion which carried. PASSED AND APPROVED this O' day of August, 2011. APPROVED: Mayor Nancy Berry U TE eput City ecretary, Tanya McNutt