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HomeMy WebLinkAbout03/06/2025 - Regular Minutes - City Council - Audit CommitteeMayor John Nichols Mayor Pro Tem Mark Smith City Manager Bryan C. Woods Or," CITY OF COLLEGE STATION Home of Texas AeM Umversily' Councilmembers William Wright David White Bob Yancy Melissa Mcllhaney Scott Schafer Minutes CITY COUNCIL AUDIT COMMITTEE IN -PERSON WITH TELECONFERENCE PARTICIPATION Monday, March 6, 2025, at 3:30 pm Audit Committee Members Present: John Nichols, Mayor Melissa Mcllhaney, Councilmember Mark Smith, Mayor Pro Tem (Absent) Michelle McMilin, Committee Member Nicolo Logalbo, Committee Member City Staff: Ty Elliott, City Internal Auditor Matthew Ragaglia, Program Internal Auditor Bryan Woods, City Manager (Absent) Jeff Capps, Deputy City Manager (Absent) 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 Brandie Longoria, Accounting Operations Supervisor Kimberly Dickey, Records Management Administrator 1. Call meetine to order and Announce a Quorum is Present. With a quorum present, the Audit Committee of College Station was called to order by Mayor Nichols at 3:33 pm on March 6, 2025, in the 1938 Executive Conference Room of the City of College Station City Hall. .110 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 3, 2024. MOTION: Upon a motion made by Councilmember Melissa Mcllhaney and a second by Committee Member Michelle McMilin, the Audit Committee voted five (4) for and zero (0) opposed to approve the December 3, 2024, Audit Committee minutes. The motion carried unanimously. 3.2 Presentation, discussion, and possible action regarding the Annual External Audit and Comprehensive Financial Report (ACFR). Presentation by John DeBurro of Weaver Assurances Services on the results of the Annual External Audit and the Annual Comprehensive Financial Report (ACFR). The independent external auditor found no material weaknesses, significant deficiencies in internal control, or non-compliance issues. MOTION: Upon a motion made by Committee Member Michelle McMilin and a second by Councilmember Melissa Mcllhaney, the Audit Committee voted five (4) for and zero (0) opposed to approve the Annual External Audit and Comprehensive Financial Report (ACFR). The motion carried unanimously. 3.3 Presentation, discussion, and possible action to provide an update on the progress of the Fiscal Year 2025 Audit Plan. Ty Elliott, City Internal Auditor highlighted that the AP audit will be presented at this meeting. The peer review has not yet been scheduled but is expected to take place in April, May, or June. Fieldwork for the HR audit has been completed, and the report is scheduled for presentation at the March 24th Audit Committee meeting unless management requires additional time to respond, in which case it will be presented at the June 2nd meeting. The annual Roles & Permissions audit remains on track for the summer. Ty Elliott also noted that his office is awaiting further direction from the committee on whether to proceed with the Roadway Maintenance or Drainage Utility Fund audits, as new emerging risks related to the Northgate District, Macy's Acquisition, and the Texas Independence Ball project may warrant a shift in priorities. The committee could consider amending the Fiscal Year 2025 audit plan at the March 24th meeting. Accordingly, the committee opted to hold the March 24th meeting to discuss a potential amendment to the Fiscal Year 2025 audit plan. 3.4 Presentation, discussion, and possible action regarding the Accounts Payable Audit. Matthew Ragaglia, Program Auditor, presented the completed Accounts Payable Audit. Ty Elliot, City Internal Auditor, addressed any questions from the committee. MOTION: Upon a motion made by Committee Member Nicolo Logalbo and a second by Committee Member Michelle McMilin, the Audit Committee voted five (4) for and zero (0) opposed to approve the Accounts Payable Audit. The motion carried unanimously. 4. Discussion and Dossible action on future agenda items. There were no future agenda items discussed. 5. Adjourn. There being no further business, Mayor adjourned the meeting at 4:56 pm on Monday, March 6, 2025. Nichols, Mayor ATTEST: