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Audit and Finance Committee

Thursday, January 20, 2011 · 7:45 AM AM · Council Chambers - Lower Level

TL;DR

The Audit and Finance Committee held a brief meeting to review several audit reports and discuss how the city invests its funds. No formal decisions were made—the committee only discussed the audit findings and investment strategies for further consideration.

Key Decisions

  • Engineering Department Contract Monitoring Follow-up Review Discussed
  • Police Traffic Citation Audit Procedures Discussed
  • Annual Credit Card Security Review Discussed
  • Southwest Ambulance Contract Follow-up Review Discussed
  • City Investment Strategy Presentation Discussed

Agenda

  1. Roll Call
  2. Items from citizens present.

    There were no items from citizens present.

  3. Presentations/Action Items
  4. 2-a Hear a presentation, discuss and provide direction on the following audits: 1. Engineering Department Contract Monitoring Follow-up Review 2. Police Traffic Citation Audit Procedures 3. Annual Credit Card Security Review 4. Southwest Ambulance Contract Follow-up Review 5. ARRA Federal Stimulus Grants
    Presentation
    Action: Discussion only; no formal action

    Presentation and discussion only. No formal action was taken by the committee.

  5. 2-b Hear a presentation, discuss and provide direction to staff regarding investment of City funds.
    Presentation
    Action: Discussion only; no formal action

    Presentation and discussion only. No formal action was taken by the Committee.

  6. 3 Adjourn
    Action: Adjourned

    Without objection, the Audit and Finance Committee meeting adjourned at 8:48 a.m.

  8. City Councilmembers who are not members of this Committee may elect to attend this meeting for their own information. These Councilmembers will not take any legal action, nor will they participate in any deliberations or discussions regarding any item on this agenda.
  9. The Audit and Finance Committee meeting began at 8:05 a.m.