Audit Committee Meeting

MINUTES Thursday, February 19, 2015 Audit Committee Meeting 4:00 PM Sioux Falls City Council Carnegie Town Hall 235 West 10th Street Members Present: Council Member Rex Rolfing, Audit Committee Member Jason Forbes, Audit Committee Member Arnold Martens, Council Member Dean Karsky, Council Member Rick Kiley, and Audit Committee Member Seth Peterson Members Absent: Council Member Christine M. Erickson Staff Present: Internal Audit Manager Rich Oksol; Internal Auditor Kim Schroeder; Internal Auditor Jess Bickett; Tamara Jorgensen, MMC, Assistant City Clerk; and Jim David, Legislative/Operations Manager 1. Call To Order Committee Chair Rex Rolfing called the meeting to order at 4:00 p.m. Council Member Christine M. Erickson arrived at 4:03 p.m. 2. Approval of Minutes A. Meeting held on Thursday, December 11, 2014 A motion was made by Committee Member Arnold Martens and seconded by Council Member Dean Karsky to approve the minutes. Rolfing called for a voice vote and all members present voted yes. Motion Passed. 3. Reports and Updates A. Review Audit Report: 14-01 MidAmerican Energy - Constellation NewEnergy Rich Oksol, Internal Audit Manager, reviewed the report, detailed responses, recommendations and management responses. Discussion followed. A motion was made by Committee Member Jason Forbes and seconded by Council Member Rick Kiley to accept this audit report and recommend it for presentation to the City Council. Rolfing called for a voice vote and all members present voted yes. Motion Passed.  B. Review Audit Report: 14-04 Dakota Golf Management Kim Schroeder, Internal Auditor, reviewed the report, detailed responses, recommendations and management responses. Discussion followed. A motion was made by Council Member Rick Kiley and seconded by Committee Member Jason Forbes to accept this audit report and recommend it for presentation to the City Council. Rolfing called for a voice vote and all members present voted yes. Motion Passed. C. Review Audit Report: 14-09 Rental Registration Program Jess Bickett, Internal Auditor, reviewed the report, detailed responses, recommendations and management responses. Discussion followed. A motion was made by Council Member Dean Karsky and seconded by Council Member Rick Kiley to accept this audit report and recommend it for presentation to the City Council. Rolfing called for a voice vote and all members present voted yes. Motion Passed. 4. Special Audit Request from City Council Member Rex Rolfing Rolfing reviewed his Special Audit Request regarding Sioux Falls Transit. Discussion followed. A motion was made by Council Member Dean Karsky and seconded by Council Member Rick Kiley to accept this Special Audit Request and recommend it for presentation to the City Council. Rolfing called for a voice vote and all members present voted yes. Motion Passed. 5. Open Discussion The next Audit Committee Meeting is scheduled for Thursday, April 16, 2015. Oksol stated that a representative from Eide Bailly, LLP will be attending the meeting to discuss the external audit which will be completed in March. 6. Adjournment Committee Chair Rex Rolfing adjourned the meeting at 4:37 p.m. Tamara Jorgensen, MMC Assistant City Clerk