HomeMy WebLinkAboutAudit Committee-Minutes-08/28/2018City of Colleyville Page 1
City of Colleyville
Audit Committee
Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, August 28, 2018
5:00 p.m.
City Manager’s Conference Room
Third Floor – City Hall
1.CALL TO ORDER
2.REPORTS
Quarterly Investment Report for the quarter ended June 30, 2018
3.REGULAR AGENDA ITEMS
3a Meet with representatives(s) from the City's audit firm, Weaver and
Tidwell, to discuss the Fiscal Year September 30, 2018 audit
4.ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Wednesday,
August 22, 2018, by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of the Colleyville City Council and/or any other Colleyville Board,
Commission, or Committee may be in attendance at this meeting.
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise Executive Secretary at least 48 hours in advance
at 817.503.1111, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
City of Colleyville
Audit Committee
MINUTES
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, August 28, 2018
4:00 p.m.
City Manager’s Conference Room
Third Floor – City Hall
Chief Financial Officer Shereen Gendy called the Audit Committee to order on
August 28, 2018, at 4:00 p.m.
ROLL CALL: Committee members present George Dodson, Kathy Wheat, Bobby
Lindamood, and Susan Mathisen
Also Present: Chief Financial Officer Shereen Gendy, City Manager Jerry Ducay,
Assistant City Managers Mark Wood and Adrienne Lothery, and City Secretary
Christine Loven
2. REPORTS
2a Quarterly Investment Report for the quarter ended June 30, 2018
CFO Gendy reviewed the investment report, noting the increase in earnings which
were due to the maturity of older securities and investing the funds in higher
yielding securities. There was discussion regarding maturity of funds and
diversification of the portfolio.
3. REGULAR AGENDA ITEMS
3a Meet with representatives(s) from the City's audit firm, Weaver and
Tidwell, to discuss the Fiscal Year September 30, 2018 audit
CFO Gendy introduced Jennifer Ripka, with the City’s audit firm Weaver and
Tidwell, who provided a presentation and discussed the transition and
requirements for the FY2018 audit and answered questions of the committee
members.
4. ADJOURNMENT
The meeting was adjourned at 5:34 p.m.
PASSED BY A VOTE OF 4 AYES, 0 NAYS, AND 0 ABSTENTIONS, THIS 4TH DAY OF
DECEMBER, 2018.
Audit Committee Minutes August 28, 2018
City of Colleyville Page 2
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary