HomeMy WebLinkAbout05/22/2012 AC Minutes AUDIT COMMITTEE
MINUTES OF THE MEETING HELD
MAY 22, 2012
3RD FLOOR EXECUTIVE CONFERENCE ROOM—VILLAGE HALL
I. Call to Order
The meeting was called to order at 5:07pm. Members present were Mayor Irvana Wilks,
and Committee members Vince Grochocinski, John Matuszak, Tom Munz and David
Erb.
II. Approval of Minutes
Approval of Minutes for March 13, 2012. Motion to approve was made by Grochocinski
and a second was made by Wilks. Minutes were approved.
III. Citizens to be Heard
There were no citizens to be heard.
IV. Old Business
There was no old business
V. New Business
a. Review of CAFR and Management Letter for 2011 Audit —A review of the draft audit
document was held. Director Erb presented various sections of the audit report
including the transmittal letter, auditor report, the Management's Discussion and
Analysis and various financial statements. General discussion among committee
members followed.
b. Audit Committee Village Code Changes - Chairman Munz brought to the committee
suggested changes to the village code governing the audit committee. Munz provided
suggestions to Director Erb to incorporate into an Ordinance amending the existing
Article 17 related to the Audit Committee. Committee review of the proposed changes
took place and general discussion followed.
Motion to accept Village Code changes to the Audit Committee was made by Matuszak
and seconded by Grochocinski. Motion passed. Changes will be brought before the
Village Board at a future meeting for consideration and approval.
VI. Other Business
There was no other business.
VII. Chair Report
There was no Chair report.
Audit Committee—Minutes
May 22, 2012
VIII. Director of Finance Report
State statutes required all members of boards and commissions of local taxing districts
to participate in OMA (open meetings act) training. Training is conducted on-line
through the Office of the Illinois Attorney General. Training must be completed no later
than December 31, 2012. Board and commission members can participate in group
training or complete on their own.
IX. Next Meeting
Next meeting date has not been determined.
X. Adjournment
Motion to adjourn was made by Grochocinski and a second was made by Matuszak.
The meeting adjourned at 6:57pm.
Respectfully Submitted
David O. Erb
Finance Director
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