HomeMy WebLinkAboutAudit Committee-Minutes-2/21/2023
City 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, February 21, 2023
4:30 PM
City Manager’s Conference Room
Third Floor – City Hall
1. CALL TO ORDER
2. APPROVAL OF MINUTES
January 17, 2023
3. REGULAR AGENDA ITEMS
3a Discussion of the draft FY22 audit
4. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday,
February 17, 2023, 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, February 21, 2023
4:30 p.m.
City Manager’s Conference Room
Third Floor – City Hall
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order and called the roll.
PRESENT: Committee members George Dodson, Brandi Elder, and Chuck Kelley.
ALSO PRESENT: Director of Finance Kyle Lester, Accounting Manager Karen
Hines, City Manager Jerry Ducay, Assistant City Manager Mark Wood, City
Secretary Christine Loven, and Scotty Richardson.
2. APPROVAL OF MINUTES
January 17, 2023
The minutes were unanimously approved.
3. REGULAR AGENDA ITEMS
3a Discussion of the draft FY22 audit
Finance Director Kyle Lester introduced Meredith Churchill, partner, Weaver
Tidwell, the City’s auditor. Ms. Churchill gave an overview and explained the audit
process. She stated the City received an unmodified report, which is the highest
report that can be given. She noted there were no material weaknesses, no
significant deficiencies, and no noted noncompliance material to the financial
statements. Ms. Churchill the audit was a bit delayed due to auditing and reporting
GASBE 84, regarding leases and provided financial highlights.
Ms. Churchill thanked Kyle Lester and Karen Hines for their assistance and advised
the Committee they are good to work with and it is very appreciated.
There was discussion of providing each committee member a printed draft audit
for the committee to review prior to the next meeting and City Council approval.
It was also noted this is the last year of the contract with Weaver Tidwell and the
City will be going out for an RFP later this year. Director Lester stated Weaver
Tidwell has been good to work with and the RFP is an accepted best business
policy and does not reflect any negativity upon Weaver and Tidwell.
Audit Committee Minutes February 21, 2023
City of Colleyville Page 2
4. ADJOURNMENT
The meeting was adjourned at 4:48 p.m.
MINUTES APPROVED THIS 2ND DAY OF MAY 2023.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary