HomeMy WebLinkAbout07/10/2007 AC minutes
DRAFT
AUDITCOMMITTEE
MINUTESOFTHEMEETINGHELD
J10,2007
ULY
3RDFLOOREXECUTIVECONFERENCEROOM–VILLAGEHALL
I. Call to Order
The meeting was called to order at 6:03pm. Members present were Mayor Irvana
Wilks, Finance Committee Chair Chuck Bennett and Director of Finance David Erb.
Bennett was elected Chair Pro-Tem for the meeting as Chairman Munz was not in
attendance.
II. Approval of Minutes
Approval of Minutes for March 6, 2007. Motion to approve was made by Mayor
Wilks and Seconded by Finance Director Erb. Minutes were approved.
III. Chair Report
No report at this time.
IV. Director of Finance Report
No report at this time.
V. Old Business
None.
VI. New Business
There were several items under New Business discussed relevant to the 2006
annual audit. A brief review of the audit documents and letters of correspondence
was held. Audit reports included the Comprehensive Annual Financial Report,
Single Audit Report and Tax Increment Financing District Report. Letters of
correspondence reviewed were the Management letter and SAS 61 (Fraud)
Communication. Discussion among committee members followed.
Also discussed was the report to the Village Board. This first report will encompass
udit Committee – Minutes
July 10, 2007
all the meetings and activity since the inception of the Committee.
VII. Other Business
No Other Business at this time.
VIII. Next Meeting
No meeting date has been set at this time.
IX. Adjournment
Mayor Wilks motioned to adjourn the meeting and Finance Director Erb seconded.
The meeting adjourned at 6:58pm
Respectfully Submitted
David O. Erb
Director of Finance
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