City Council

CITY COUNCIL AUDIT COMMITTEE THURSDAY, DECEMBER 9, 2021 VIRTUAL MEETING PURPOSE: The Audit Committee shall be responsible for the selection (through a recommendation to Council), retention and oversight of the City’s independent auditors, using the Government Finance Officer’s recommended practice for Audit Committees as a guideline. The committee shall consist of three Councilmembers. The Committee shall have access to the services of at least one financial expert familiar with municipal accounting and auditing practices. The Committee shall present annually a written report of how it has discharged its duties and responsibilities. Join Zoom Meeting: https://us02web.zoom.us/j/82400827545?pwd=UCt2UGF3ZGQzSkNKY1M1WjI3OW9LZz09 Meeting ID: 824 0082 7545 Passcode: 270696 AGENDA 1.) Call to Order. 2.) Public Comments. 3.) Report from Anderson Tackman on Draft Audit. 4.) Questions from Audit Committee. 5.) Annual Audit Committee Report to Council. 6.) Adjourn. EB:km  Administrative Services Clerk | Finance | Treasury | IT | Assessing | Facilities | Ramsdell | Brownfield Memo to: City Council From: City Council Audit Committee Re: Annual Audit Committee Report to City Council Date: December 9, 2021 City Council, The Council Audit Committee is established by Section 23 of the City Council Guidelines. The responsibilities of the audit committee are spelled out as: The Audit Committee shall be responsible for the selection (through a recommendation to Council), retention and oversight of the City’s independent auditors, using the Government Finance Officer’s recommended practice for Audit Committees as a guideline. The committee shall consist of three Councilmembers. The Committee shall have access to the services of at least one financial expert familiar with municipal accounting and auditing practices. The Committee shall present annually a written report of how it has discharged its duties and responsibilities. This memo will serve as the annual report for how the committee has discharged its duties. The audit committee met one time in 2021. The minutes of the meeting is attached. At the December 9, 2021 virtual meeting the audit committee met to review and discuss the audit report for the fiscal year ended June 30, 2021. The audit, including fieldwork, went smoothly and the process of getting from the draft report to the final report was efficient and uneventful. Ken Talsma from Anderson Tackman and CFO Ed Bradford went over the report with the Committee and answered several questions. The City will once again receive an unqualified opinion. The Committee also reviewed and approved the draft of the audit committee annual report to City Council.