HomeMy WebLinkAboutMinutes - Finance Committee - 10/10/2011 -C.Finance AdministrationI0215N.MasonFortCoLLins!:1ac080522
970 221 6782-fax
fcgov corn
Council Audit ft Finance Committee
Minutes
10/10/11
10:00 to 12:00
CIC Room
Council Attendees:Mayor Karen Weitkunat,Mayor Pro Tem Ke[Iy
Ohison,Ben Manvet
Staff:Darin Atteberry,Mike Beckstead,Diane Jones,
Wendy WiLliams,KelLy DiMartino,Bruce Hendee,
Josh Jones,Josh Birks,Steve Mason,Dan CoLdiron,
Brian Janonis,Amy Sharkey,John Voss,Lawrence
PoLlack,Tom DeMint,Kirsten Howard,Mindy
Pf[eiger,Heather Shepherd,
Approval of minutes
Kelly Ohlson moved approval of the August 15,2011 minutes and Ben Manvel
seconded the motion-The minutes are approved unanimously.
Mayor Karen Weitkunat suggested a change to the order of the agenda.The last
two items,City’s response to Audit Findings,and the Annual Renewal of the
Auditor’s contract will be discussed first,then the Budget Revisions topic will be
given the time remaining for this meeting.The additional two agenda items,
Section 108 loan,and Utility Impact Fees and Rates will be reviewed at the meeting
on October 17th,2011.
City Response to Auditor’s Findings
John Voss reported the City’s progress on,or completion of the items listed in the
auditor’s findings,which included:
o FTA (Federal Transit Administration)process for grants.
o Utility Cash Reconciliation procedures
o HOME and CDBG Programs documentation for grants
o Information Technology
o Internal Services Funds review and documentation
o Journal Entry review
Annual Renewal of Auditor’s Contract
The City has a five year contract with Mccladrey and Pullen,which requires the
contract be renewed each year of the five years.This renewal is for the fourth
0 °Cf
A&J~n~2LLIns
year.Be Manvel moves to renew the McGladrey and Pullen contract for another
year and Kelly Ohlson seconds the motion.The contract is renewed unanimously.
2012 Budget Revision Requests
This document is a mid-course revision to some items in the City’s 2012 Budget.
Each item will be reviewed with an opportunity for Committee discussion and
questions.The full Budget Revision document can be found at:
http:ctynet.fcciov.com/pdf-patewav.oho/budciet/files/budgetrev2ol 1
Action Items:
o Darin Atteberry requested that further explanation of the Affordable Housing budget
item be included in the ‘Read Before’packets for City Council members.
o Kelly Ohlson requested more information on the annual funding for maintenance on
the downtown Ice Rink.
o Darin Atteberry asked the Utilities Department to prepare some further information
related to the budget topic of potential Floodway land,to be included in the ‘Read
Before’packets for City Council members.