HomeMy WebLinkAboutAudit Committee-Minutes-8/15/2023
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE AGENDA
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third Floor
TUESDAY, AUGUST 15, 2023 - 5:00 PM
1. CALL TO ORDER
2. APPROVAL OF MINUTES
May 2, 2023
3. REGULAR AGENDA ITEMS
3a Discussion of the Fiscal Year September 30, 2023, audit which will be
conducted by the City's audit firm Weaver and Tidwell
3b Presentation of the third quarter FY23 investment report
4. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August 11,
2023 by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of any Colleyville board, commission, or committee may be present at this
meeting. Any matter on this agenda may be opened for public comment and discussion at
the discretion of the governing body.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
CITY OF COLLEYVILLE
AUDIT COMMITTEE AGENDA
100 Main Street, Colleyville, Texas, 76034
City Manager's Conference Room - Third Floor
TUESDAY, AUGUST 15, 2023 - 5:00 PM
1. CALL TO ORDER
City Secretary Christine Loven called the meeting to order at 5:00 p.m. and called
the roll.
PRESENT: Committee members Brandi Elder, Scotty Richardson, and Chuck
Kelley.
ALSO PRESENT: Director of Finance Kyle Lester, Accounting Manager Karen
Hines, City Manager Jerry Ducay, Assistant City Manager Mark Wood, and City
Secretary Christine Loven.
2. APPROVAL OF MINUTES
May 2, 2023
The May 2, 2023 minutes were unanimously approved.
3. REGULAR AGENDA ITEMS
3a Discussion of the Fiscal Year September 30, 2023, audit which will be
conducted by the City's audit firm Weaver and Tidwell
Finance Director Kyle Lester stated Weaver, the City’s accounting firm, will be in
the week of August 21, 2023 to begin the audit process and asked the committee
if there were any questions or concerns which needed to be addressed. The
committee stated there were no questions at this time.
3b Presentation of the third quarter FY23 investment report
Director Lester reviewed the investment report, discussing the City’s cash position,
summarized the quarterly returns and reviewed the Mark-to-Market.
There was general discussion regarding investments, average rate of return, and
current market conditions.
City of Colleyville Page 2
Audit Committee Minutes August 15, 2023
4. ADJOURNMENT
The meeting was adjourned at 5:19 p.m.
PASSED BY A VOTE OF 3 AYES, 0 NAYS, THIS 21ST DAY OF NOVEMBER 2023.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary