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HomeMy WebLinkAbout08.D- City Manager RESOLUTION (ID#2583) DOC ID: 2583 '2TD CITY OF SAN BERNARDINO—REQUEST FOR COUNCIL ACTION Appointment From: Allen Parker M/CC Meeting Date: 07/15/2013 Prepared by: Jolena E. Grider, (909) 384- 5355 Dept: City Manager Ward(s): All Subject: Resolution of the Mayor and Common Council of the City of San Bernardino Authorizing the Mayor to Appoint an Ad Hoc Audit Committee Made Up of Elected Officials. (#2583) Current Business Registration Certificate: Not Applicable Financial Impact: Account Budgeted Amount: <<Insert Amount>> Account No. <<Insert Account No.>> Account Description: <<Insert Account Description Balance as o£ <<Insert Date>> Balance after approval of this item: <<Insert Amount» Please note this balance does not indicate available funding. It does not include non-encumbered reoccurring expenses or expenses incurred,but not yet processed. Motion: Adopt the Resolution. Recommendation It is recommended that the Mayor appoint an Ad Hoc Audit Committee of elected officials that are tasked with meeting with the City's auditor Rogers, Anderson, Malody & Scott to discuss matters related to the financial statement audit for Fiscal Year 2011-12. Background In accordance with generally accepted auditing standards, the auditor must communicate with those charged with "governance" matters related to the financial statement audit that are, in the auditor's professional judgment, significant and relevant to the responsibilities of those charged with governance in overseeing the financial reporting process. (SAS No. 114 establishes standards and provides guidance on the auditor's communication with those charged with governance in relation to an audit of financial statements.) Those charged with governance means the person(s) with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity. This includes overseeing the financial reporting process. In some cases, those charged with governance are responsible for approving the entity's financial statements (in other cases management has this responsibility). For entities with a board of directors, this term encompasses the term board of directors or audit committee used elsewhere in generally accepted auditing standards. Updated: 6/27/2013 by Georgeann"Gigi"Hanna 7.D 2583 The principal purposes of communication with those charged with governance are to: a. Communicate clearly with those charged with governance the responsibilities of the auditor in relation to the financial statement audit, and an overview of the scope and timing of the audit. b. Obtain from those charged with governance information relevant to the audit. c. Provide those charged with governance with timely observations arising from the audit that are relevant to their responsibilities in o rseeing the financial reporting process. The auditors will be completing their field work in July for both the EDA and the City for the period ending June 30, 2012. The auditors are requesting a meeting with the Ad Hoc Committee within the next two weeks. Fiscal Impact None Attachment: Resolution City Attorney Review: Supporting Documents: reso 2583 (PDF) Updated: 6/27/2013 by Georgeann"Gigi"Hanna Packet Pg. U6 1 RESOLUTION NO. 2 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE 3 CITY OF SAN BERNARDINO AUTHORIZING THE MAYOR TO APPOINT AN AD 4 HOC AUDIT COMMITTEE MADE UP OF ELECTED OFFICIALS. 5 WHEREAS, In accordance with generally accepted auditing standards, the auditor d 6 E must communicate with those charged with "governance" matters related to the financial E 7 O U statement audit that are, in the auditor's professional judgment, significant and relevant to the 8 Q 9 responsibilities of those charged with governance in overseeing the financial reporting process. 10 (SAS No. 114 establishes standards and provides guidance on the auditor's communication with Q c 11 0 those charged with governance in relation to an audit of financial statements.) a 12 O 0 >°, 13 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE �a CITY OF SAN BERNARDINO AS FOLLOWS: 14 N N 15 SECTION 1. That the Mayor is hereby authorized to appoint an Ad Hoc Audit `o 16 Committee made up of elected officials. Q 17 18 0 19 00 20 Ln M 21 co N O 22 /// i 23 E 24 25 26 27 28 1 Packet Pg.747 1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AUTHORIZING THE MAYOR TO APPOINT AN AD 2 HOC AUDIT COMMITTEE MADE UP OF ELECTED OFFICIALS. 3 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and 4 Common Council of the City of San Bernardino at a meeting thereof, held on 5 m m 6 the day of ,2013, by the following vote,to wit: 'E E 0 7 Council Members: AYES NAYS ABSTAIN ABSENT i 8 MARQUEZ a 0 9 = JENKINS 10 a c 11 VALDIVIA 0 a 0. a 12 SHORETT o 0 13 KELLEY a� 14 JOHNSON N 15 0 MCCAMMACK 16 a 0 17 Georgeann Hanna, City Clerk 0 18 19 The foregoing Resolution is hereby approved this day of , 2013. M� 00 LO N 20 M 00 21 Patrick J. Morris,Mayor N 0 22 City of San Bernardino Approved as to 23 form: E 24 25 9t°/1ti,ti Q 26 at4ies F. Penman City Attorney 27 28 2 Packet Pg.748