HomeMy WebLinkAboutAudit CCMemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
From: Priscilla A. Thompson
City Clerk
Date:
Subject:
References:
September 28, 2011
Audit Advisory Committee
October 13, 2011 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.]
Three (3) appointments are required at this time:
• Vice Chairman Frank Carollo has one (1) nomination for a seat currently held by:
1. Jose A. Riesco, incumbent whose term expires on October 28, 2011.
• Commissioner Francis Suarez has one (1) nomination for a seat currently:*
1. Vacant.
• Commissioner Michelle Spence -Jones has one (1) nomination for a seat currently held by
1. Carol Gardner, incumbent whose term expires on March 10, 2012.
* This item was continued from December 17, 2009, January 14, 2010, February 11, 2010, March 11, 2010, April 8,
2010, May 13, 2010, June 10, 2010, July 8, 2010, July 22, 2010, September 16, 2010, October 14, 2010, October 28,
2010, November 18, 2010, January 13, 2011, February 10, 2011, March 10, 2011, April 14, 2011, May 12, 2011, June
9, 2011, and July 14, 2011 Commission meetings.
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 October 13, 2011
Commission agenda.
PAT:sa
c:
Robin Jones -Jackson, Assistant City Attorney
Elvi Gallastegui, Agenda Coordinator
Stanley Foodman, Chairperson