HomeMy WebLinkAboutAudit Committee-Minutes-08/20/2019City 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 20, 2019
5:00 p.m.
City Manager’s Conference Room
Third Floor – City Hall
1.CALL TO ORDER
2. APPROVAL OF MINUTES
March 5, 2019
May 14, 2019
3.REGULAR AGENDA ITEMS
3a Discuss the Fiscal Year September 30, 2019, audit which will be
conducted by the City's audit firm Weaver and Tidwell
3b Presentation of the Quarterly Investment Report for the quarter ended
June 30, 2019
4.ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August
16, 2019, 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 20, 2019
5:00 p.m.
City Manager’s Conference Room
Third Floor – City Hall
1. CALL TO ORDER
Accounting Manager Karen Hines called the Audit Committee to order on August
20, 2019 at 5:03 p.m.
ROLL CALL: Committee members present George Dodson, Kathy Wheat, Bobby
Lindamood arrived at 5:09 p.m.
Absent: Susan Mathisen, Bobby Lindamood
Also Present: Accounting Manager Karen Hines City Manager Jerry Ducay,
Assistant City Manager Mark Wood, and City Secretary Christine Loven
2. APPROVAL OF MINUTES
March 5, 2019
May 14, 2019
As there was not a quorum present, this item was passed over until 5:16 p.m. –
after member Bobby Lindamood’s arrival.
Member Dodson moved to approve the March 5 and May 14, 2019 minutes;
seconded by member Wheat, passed unanimously.
3. REGULAR AGENDA ITEMS
3a Discuss the Fiscal Year September 30, 2019 audit which will be conducted
by the City’s audit firm Weaver and Tidwell
Manager Hines stated the auditors are in City offices this week performing an
interim audit and testing internal controls, and will return in November to begin
the full audit.
Member Bobby Lindamood arrived during discussion of this item at 5:09 p.m.
3b Presentation of the Quarterly Investment Report for the quarter ended
June 30, 2019
Manager Hines provided an overview of the investment report and noted the new
Finance Director Kyle Lester will begin in September and will be looking over the
Audit Committee Agenda August 20, 2019
City of Colleyville Page 2
investments. Manager Hines stated since the changes in investment strategies,
the funds have earned an additional $70,000 in interest.
There was general discussion of agencies, CDARs, CDs, and FDIC mortgages.
Manager Hines stated the next meeting will be November 19, 2019.
3. ADJOURNMENT
The meeting was adjourned at 5:18 p.m.
MINUTES APPROVED THE 19TH DAY OF NOVEMBER 2019.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary