HomeMy Public PortalAboutAudit Standing Committee - Minutes - 2014-12-09
AUDIT STANDING COMMITTEE MEETING
TEMPLE CITY, CALIFORNIA
DECEMBER 9, 2014
1. CALL TO ORDER
Chairperson Steve Curran called the Audit Standing Committee meeting to order at
9:00 a.m.
2. ROLL CALL
PRESENT: Steve Curran
Councilmember – Yu
Mayor Pro-Tem Chavez
ABSENT: None
ALSO PRESENT: City of Temple City:
Tracey Hause, Administrative Services Director
Lee Ma, Accountant
3. PUBLIC COMMENTS – None
4. CONSENT CALENDAR
A. APPROVAL OF MINUTES
The Audit Standing Committee is requested to review and approve the
Minutes of the December 5, 2014, Audit Standing Committee Meeting.
The minutes for the December 5, 2014 were approved.
5. NEW BUSINESS
A. Final review of the Draft Comprehensive Annual Financial Report (CAFR) for
the period ended June 30, 2014.
The Audit Committee took action to recommend to the City Council that they
receive and file the CAFR for the period ended June 30, 2014, at their
regularly scheduled meeting on December 16, 2014.
6. OTHER UPDATES FROM THE ADMINISTRATIVE SERVICES
Administrate Services Director Hause indicated that another meeting was required
to review the Single Audit Report as filing with Federal and State agencies was
required by March 31, 2015.
Audit Standing Committee
December 9, 2014
Page 2 of 2
Administrative Services Director Hause also indicated the Audit Committee will
need to consider a one year extension of the professional services contract with
Vasquez & Company for the audit of the financial transaction for the period ending
June 30, 2015.
7. PUBLIC COMMENTS – None
8. SCHEDULE NEXT MEETING DATE
The next Audit Standing Committee meeting will be on February 6, 2015, 9:00
a.m. in the City Hall Council Conference Room.
9. ADJOURNMENT
Audit Standing Committee Meeting was adjourned at 8:30 a.m.
ATTEST:
_____________
Tracey L. Hause, Administrative Services Director