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HomeMy WebLinkAbout03/25/2014 - Regular Minutes - City Council - Audit CommitteeMayor Nancy Berry Mayor Pro Tem Karl Mooney City Manager Kelly Templin CITY OF COLLEGE STATION Home of Texas Ae�'M University' Minutes CITY COUNCIL AUDIT COMMITTEE Tuesday, March 25, 2014 at 3:30 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 Carla Robinson, City Attorney Jeff Kersten, Assistant City Manager Carol Thompson, Budget & Financial Reporting Manager Cheryl Wright, Accounting & Treasury Operations Manager Tanya McNutt, Deputy City Secretary Regular Agenda Item No. 1— Call to Order and Announce a Quorum is Present Council members Blanche Brick Steve Aldrich 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 3:34 p.m. on Tuesday, March 25, 2014 in the Administrative Conference Room of the City of College Station City Hall, 1101 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 December 3, 2013. MOTION: Upon a motion made by Councilmember Mooney and a second by Councilmember Berry, the Audit Committee voted three (3) for and zero (0) opposed, to approve the December 3, 2013 Audit Committee minutes as amended. 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 2013 audit and presented, along with staff, the 2013 CAFR, Compliance and Single Audit Reports. This report provides a summary of the City's financial position as of September 30, 2013. MOTION: Upon a motion made by Councilmember Aldrich and a second by Councilmember Mooney, the Audit Committee voted three (3) for and zero (0) opposed, to move to accept the fiscal year 2013 audit and 2013 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 the status update related to the library audit. Ty Elliott presented the Audit Committee with a brief update on the timeline of the Library Audit. Regular Agenda ItemNo. 5 - Presentation, possible action, and discussion regarding future agenda items. Ty Elliott, Internal Auditor requested a brief discussion on upcoming audits regarding Benefits & Eligibly and Change Orders. Assistant City Manager Jeff Kersten requested a future agenda item on the engagement with Ingram & Wallis. Regular Agenda ItemNo. 6 - Adjourn. Hearing no objections, Mayor Berry adjourned the meeting at 4:04 p.m. on Tuesday, March 25, 2014. ATTEST: Tanya lMS , Deputy City Secretary Nancy Berry, Mayor