HomeMy WebLinkAbout06/14/2011 AC MinutesAUDIT COMMITTEE
MINUTES OF THE MEETING HELD
JUNE 14, 2011
3RD FLOOR EXECUTIVE CONFERENCE ROOM —VILLAGE HALL
I. Call to Order
The meeting was called to order at 6:02pm. Members present were Mayor Irvana Wilks,
Committee members Matuszak and Grochocinski and Finance Director David Erb.
Jamie Wilkey of Lauterbach and Amen were also present.
Committee member Matuszak made a motion to appoint Vince Grochocinski as Chair
Pro -Tem of the Audit Committee meeting; seconded by Mayor Wilks. The motion carried
unanimously.
II. Approval of Minutes
Approval of Minutes for April 6, 2011. Motion to approve was made by Wilks and a
second was made by Matuszak. 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 2010 Audit — A brief 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.
Comments from the Management Letter were also discussed. Two comments
worth noting centered on fund balance and fund budgets. Staff concurred with
auditor comments and will put procedures in place to address both.
Discussion among committee members followed. Motion to accept CAFR and
Management Letter was made by Matuszak and seconded by Wilks. Motion
passed.
VI. Other Business
There was no Other Business.
Audit Committee — Minutes
June 14, 2011
VII. Chair Report
No report.
VIII. Director of Finance Report
No report.
IX. Next Meeting
179.9
X. Adjournment
Motion to adjourn was made by Matuszak and a second was made by Wilks. The
meeting adjourned at 7:15pm
Respectfully Submitted
David O. Erb
Finance Director
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