HomeMy WebLinkAboutmemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
6,,.^--.
From: Priscilla A. Thompson
City Clerk
Date: August 10, 2007
Subject: Audit Advisory Committee
References: September 11, 2007 Agenda
Enclosures: List of members
The Miami Audit Advisory Committee was created to: (1) Review the annual audit of City accounts performed by the
independent auditor; (2) Review the annual management letter developed by the independent auditor; (3) Review the system
of internal control utilized by the City; (4) Review the City's compliance with the Municipal Finance Officers' Association
guidelines and requirements; (5) Review internal audit reports where it is felt by the internal auditor that fraud or criminal
conduct may be involved, to the extent that it does not compromise criminal investigations; (6) Review the City Manager's
recommendation for selection of an independent auditor, if requested by or directed by the City Commission.
Please be aware that City Code Section 2-947 states in part:
"All members shall be qualified and distinguished by their education, experience and attainments in
the accounting profession, the practice of law, banking or business management. Members of the
committee shall be selected from among the following:
(a) A controller or chief financial officer of a large commercial enterprise (with size measured by
dollar sales/revenue volume);
(b) A commercial or investment banker associated with a large financial institution;
(c) A practicing certified public accountant (if not a certified public accountant, then an
accountant who shall have managed an accounting practice employing at least ten (10)
individuals)." [Emphasis added.]
Four (4) appointments are required at this time:
• Chairman Gonzalez has one nomination:
• Ignacio J. Abella, incumbent, whose term expires on September 11, 2007.
• Vice Chairman Sanchez has one nomination:
• Raquel Dawson, incumbent, whose term expired on July 12, 2007.
• Commissioner Regalado has one nomination:
• Richard Berkowitz, incumbent, whose term expired on July 12, 2007, and would
require a 5/5ths term waiver.
• Commissioner Spence -Jones has one nomination:
• Vacancy (seat formerly held by Lewis R. Blake III) *
For your convenience, included is a copy of the current membership of said committee. By copy of
this memorandum, we are requesting the Agenda Office to place this issue on the September 11, 2007
Commission agenda. *This item was deferred from the July 13, 2006, September 12, 2006, November
9, 2006, January 11, 2007 and March 8, 2007 City Commission meetings.
PAT:pb
c: Victor Igwe, Auditor General
Elvi Alonso, Agenda Coordinator
Richard Berkowitz, Chairperson