| City Council Subcommittee: Audit Subcommittee Goodyear City Hall - CH La Jolla Vista 2nd Floor 1900 N. Civic Square Goodyear, AZ 85395 |
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CALL TO ORDER
Deputy Director of Finance Jared Askelson called the meeting to order at 4:08 p.m.
Deputy Director of Finance Jared Askelson called the meeting to order at 4:08 p.m.
ROLL CALL
- Present:
- Councilmember Sheri Lauritano; Councilmember Brannon Hampton; Councilmember Vicki Gillis
- Staff Present:
- Finance Director Doug Sandstrom; Deputy Director of Finance Jared Askelson; Finance Manager-Financial Services Celina Morris; Senior Accountant Jessica Archuleta
- Attendees:
- Jill Shaw, Heinfeld Meech Auditor, Kristen Conway, Heinfeld Meech Auditor
| PUBLIC COMMENTS |
No public present.
| BUSINESS |
1.
Discussion of the results of the FY23 Audit and the Annual Comprehensive Financial Report (ACFR) by Deputy Finance Director, Jared Askelson.
Deputy Finance Director Jared Askelson presented a review of the five major components included in the FY2023 independent audit: Government Wide Net Position, Report of Internal Controls, State Legal Compliance, Annual Expenditure Limitation Report, and the Single Audit Act Report which is estimated to be finalized in December.
Deputy Finance Director Jared Askelson presented a review of the five major components included in the FY2023 independent audit: Government Wide Net Position, Report of Internal Controls, State Legal Compliance, Annual Expenditure Limitation Report, and the Single Audit Act Report which is estimated to be finalized in December.
2.
Auditors' Comments and/or Questions by Heinfeld Meech Auditors, Jill Shaw CPA, and Kristin Conway, CPA.
Heinfeld Meech Auditors Jill Shaw and Kristen Conway discussed what will be included in the required Issuance of Communication of Governance, and the required presentation that will be presented to Council on January 8, 2024. Auditors discussed that the findings showed there were no significant deficiencies or material weaknesses in the city's internal control processes and the City's financial position continues to improve. The overall findings concluded that no adjustments were needed and the FY2023 ACFR will be filed timely.
Heinfeld Meech Auditors Jill Shaw and Kristen Conway discussed what will be included in the required Issuance of Communication of Governance, and the required presentation that will be presented to Council on January 8, 2024. Auditors discussed that the findings showed there were no significant deficiencies or material weaknesses in the city's internal control processes and the City's financial position continues to improve. The overall findings concluded that no adjustments were needed and the FY2023 ACFR will be filed timely.
3.
Audit Committee Comments and/or Questions.
Committee members inquired about any possible findings of trends that the city could proactively address to prevent future issues. Auditor Shaw indicated there were no trends to report that require attention at this time.
Committee members inquired about any possible findings of trends that the city could proactively address to prevent future issues. Auditor Shaw indicated there were no trends to report that require attention at this time.
| NEXT MEETING |
The next meeting of the Audit Subcommittee has not been set at this time.
| ADJOURNMENT |
There being no further business to discuss, Deputy Finance Director Jared Askelson adjourned the meeting at 4:25 p.m.
Respectfully Submitted by:
Respectfully Submitted by:
__________________________ Amie Gressett, Finance Management Assistant |
__________________________ Doug Sandstrom, Finance Director |
Date: 12/01//2023 |