Chair Councilmember Hampton called the meeting to order at 4:00 p.m.

Jared Askelson, Finance Director, reviewed the upcoming Fiscal Year Ending 2025 Audit, giving an overview of the upcoming timeline.   Kristen Conway, Heinfeld & Meech auditor, advised the audit committee that the audit team this year will be reviewing the city's financial statements, city single audit, as well as reviewing the financials of the nine Community Facilities Districts (CFD) that the City of Goodyear has.  In addition, in the spring they will complete the Annual Expenditure Limit Report, complete the Highway User Revenue Fund (HURF) letter and also review the National Transit Database, which is completed once every ten years.  Ms. Conway indicated that the audit last year was good with no findings and there are no concerns going into this year's audit.  The board expressed that they want to ensure all internal processes are being followed and if there are any lessons learned from other cities or municipalities, that those be shared so that there is an awareness for our employees.  Mayette Bailey, Financial Services Manager, indicated that the recommendations from last year's audit had been implemented, including updating the city's procurement code, GASB 101, as related to compensated leave and the establishment of an Other Post-Employment Benefits Trust (OPEB) to safeguard funds for the City of Goodyear retiree healthcare benefits.