Muyni
← Back to Danbury

City Council

Regular Meeting

Danbury, CT · February 18, 2025

AgendaMinutes

Minutes

~ COMMITTEE REPORT~ Audit Committee (2023) – Meeting #2 February 18, 2025 Chair Frank Salvatore called the meeting to order at 6:01p.m. on Tuesday, February 18, 2025. Present were Committee Members Andrea Gartner, Ben Chianese, and Irving Fox; absent was Member Elmer Palma. From the City were; Dan Garrick, Director of Finance; Joanne Stark, Assistant Finance Director (Operations); Kara Prunty, Assistant Finance Director (Budgets and Grants); Taylor O’Brien, Chief of Staff, Mayor’s Office; Robert Alves, Mayor. Also in attendance were Kara Casimiro, Superintendent, Danbury Public Schools; Michael Weever, CFO, Danbury Public Schools; Scott Bassett, RSM. Ex Officio members present were Peter Buzaid, Duane Perkins and Michael Coelho. From the public were Tom Brown and Geoffrey Herald. Mr. Bassett provided a summary of the Audit report. He identified items a cyber incident on the public schools’ computer system and the delay of the 2022 Audit as abnormalities. He reviewed the items having the most impact on the City’s finances. He noted that as an independent auditor he is required to identify areas of concern, and there were none; he noted strong financial results. He explained that crediting agencies take special notice of funding progress of the pension plans; the city’s plans are well funded. Actual revenues exceeded the budgeted amount by $3.8M, expenditures were under by $9.9M. He emphasized the need for the city to provide a complete product before the auditors can start their work in the future. Mayor Alves thanked the Finance Department, Danbury Schools, the Council and RSM for working together to make great strides in getting caught up. Mr. Garrick pointed to page 7 and 20 of the handout as a good summary of the budget; he noted the City’s classification of AA+ with the credit agencies; and confirmed a collaborative effort between the city and schools to get this audit done. Chair Salvatore asked if there are areas of improvement; Ms. Stark and Mr. Weever confirmed that the two finance departments have worked well together to catch up. Chair Salvatore asked if the financial statements present the city’s financial position fairly; Mayor Alves, Mr. Garrick and Mr. Bassett all answered yes. Member Gartner asked about materiality changes on page 4. Member Chianese asked about a $9M excess for Danbury Public Schools (page 129); Mr. Garrick confirmed that those excess (unassigned) funds go back to the general fund balance and it can be reassigned by the City Council. Member Chianese asked about the $19.4M expenditures account; Mr. Garrick confirmed the percentage is similar as other years; He referenced deficit on page 16 of the financial report; Mr. Garrick confirmed the deficit has decreased. Member Chianese identified a typo on page 56. Member Fox asked about weaknesses regarding audit readiness; Mr. Garrick identified short staffing in the city and schools, which has been addressed; Ms. Stark noted the amount of transactions vs. small adjustments that needed to be made as a positive. Member Fox asked about past credit ratings; Mr. Garrick stated that the City has been a strong AA for multiple years, he explained that the AAA qualifications have changed; Mayor Alves noted that a AAA rating would now require demographic and population changes. Ms. Casimiro spoke on continued efforts by the schools to address cyber security needs. Mr. Duane Perkins asked about the affect of staffing needs on getting audits done on time; Mayor Alves spoke on the expectation of having the next audit completed in 6 months with the help of CLA, and noted that once audits are caught up, both finance departments should be fully staffed and able to meet deadlines; Ms. Casimiro confirmed that once the 2024 and 2025 audits are done she expects staffing to allow for on-time audit submissions. Mr. Coelho asked about funds that were allocated by the City Council to assist the finance department; Mayor Alves identified the first request ($100,000) as only partially having been used for staffing that did not help with the audit, the second request ($100,000) was used to fund CLA assistance; Ms. Stark estimated that the funds were used equally by CLA to address city and schools audit needs. Ms. Casimiro identified agency and CLA support with finance needs. Member Chianese asked about software; Mr. Garrick and Mrs. Stark spoke on MUNIS upgrades to improve the City’s paycheck system and finance needs. Mayor Alves thanked both Finance Departments, City Council and Mayor’s staff for their dedicated work over the last 12 months. A motion was made by Member Chianese, and seconded by Member Fox, to make a recommendation to the Council as a whole to accept the audit financial statements for the fiscal year ending June 30, 2023, including all management letters and adjustments as indicated. The motion carried unanimously. A motion was made by Member Gartner, and seconded by Member Chianese, to close the 2023 Audit Committee and adjourn. The motion carried unanimously. Meeting adjourned at 7:06pm Respectfully submitted Frank Salvatore, Chair Andrea Gartner Ben Chianese Irving Fox

Agenda

CITY OF DANBURY 155 DEER HILL AVENUE DANBURY, CONNECTICUT 06810 www.danbury-ct.gov ELISA ETCHETO PHONE: 203-797-4514 LEGISLATIVE ASSISTANT FAX: 203-796-1529 e.etcheto@danbury-ct.gov MEETING NOTICE Who: City Council – Committee Members When: 6 P.M. – Tuesday, February 18, 2025 Where: 3C, 3rd Floor City Hall, 155 Deer Hill Avenue Purpose: Audit Committee 2023 (Meeting #2) Committee Members, Department Representatives: Frank Salvatore, Chair Andrea Gartner, Council Ben Chianese, Council Irving Fox, Council Elmer Palma, Council Dan Garrick, Finance Director Posted: Town Clerk Information Board City Website Calendar Noticed: Kara Prunty, Asst. Finance Director Joanne Sterk, Asst. Finance Director Scott Bassett, RSM US LLP Mayor’s Office Michael Weever, Schools’ Chief Financial Officer ~ COMMITTEE REPORT~ Audit Committee (2023) November 26, 2024 Chair Frank Salvatore called the meeting to order at 6:01p.m. on Tuesday, November 26, 2024. Present were Committee Members Andrea Gartner, Ben Chianese, Elmer Palma, and arriving at 6:31pm was Irving Fox. From the City were; Dan Garrick, Director of Finance; Joanne Stark, Assistant Finance Director (Operations); Kara Prunty, Assistant Finance Director (Budgets and Grants). Also in attendance were Michael Weever, Danbury Public Schools’ CFO; Richard Jannelli, BOE and Scott Bassett, RSM (attended virtually). Ex Officio members present were Peter Buzaid and Duane Perkins. From the public were Tom Brown and Al Robinson. Mr. Garrick provided an overview of the status of the 2023 Audit; he noted some items that are still outstanding and identified recently submitted reports including the schools’ report and OPEV. Mr. Bassett explained that both RSM and the city are working hard to get the audit done quickly; he confirmed that trial balances are just being finalized which will trigger the next phases in the audit process. He said he has communicated to the state about the city’s ongoing efforts to get the audits done as quickly as possible. Chair Salvatore asked for the anticipated completion date; Mr. Bassett expects a final report by the first or second week of January. The chair asked about challenges that prevented them from getting the trial balances sooner; Mr. Bassett noted time to perform catch up work as a key factor. Mr. Weever discussed delays caused by the need to gather information as well and a staff shortage of one position. Member Chianese asked about the timeline of getting selections done. Member Palma asked about any hold ups; Mr. Bassett discussed the process of reviewing submissions, which take time. Ms. Stark explained that some outstanding items on the city’s side are contingent on the draft audit report that should be presented in December. Members Gartner and Chianese and Chair Salvatore asked about the 2024 Audit process; Mr. Weever and Mr. Garrick confirmed that some simultaneous work does take place. Ms. O’Brien thanked the Council, the Finance Department and RSM for all their hard work and support in getting the audits done; Mr. Bassett noted weekly meetings and updates that take place creating a productive working relationship with the city. Member Palma asked for a checklist of items that are needed for every audit to help move the processes along; Ms. Stark confirmed that they are already working on a checklist for 2024; Ms. O’Brien noted a portal that is used to keep the collection of information organized. Member Chianese asked if CLA has been helpful with the process; Ms. Stark confirmed their assistance and work as a second reviewer has been helpful. Mr. Bassett spoke on the importance of a solid closeout that will help with the next audit. Member Palma asked if the Finance Department foresees any issues that the city will have to address; Ms. Stark said that she does not have any now but will communicate any that come up as soon as possible. Chair Salvatore asked about the need for additional staff at the schools; Mr. Weever noted an open position and a temp that he hopes to keep. Mr. Duane Perkins asked about grants; Mr. Bassett confirmed 2022 and 2023 consisted of a lot of grants and noted that there will not be as many in 2024, which could help the process move faster. Member Fox asked differences in timelines; Mr. Garrick spoke on the expected timeline for a final report for 2023, he estimates about six months for the 2024 audit; Mr. Bassett confirms a June timeframe is reasonable; Ms. Stark confirmed that their internal deadline was June; Ms. O’Brien noted that a more aggressive timeline had been discussed but that June is more realistic. Chair Salvatore thanked everyone. A motion was made by Member Chianese seconded by Member Gartner, to continue the committee subject to the call of the Chair. The motion carried. Meeting adjourned at 6:38pm Respectfully submitted Frank Salvatore, Chair Andrea Gartner Ben Chianese Irving Fox Elmer Palma

Get email alerts for Danbury

A daily email when new agendas and minutes are posted.

Report an issue with this meeting