HomeMy WebLinkAboutAudit CCMemo 2014-01-09CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
From: Todd B. Hannon
City Clerk
Date: December 16, 2013
Subject: Audit Advisory Committee
References: Agenda for January 9, 2014
Enclosures: List of members
The 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.]
Two (2) appointments are required at this time:
• Chair Marc David Sarnoff has one (1) nomination for a seat currently held by:
1. Stanley Foodman, incumbent, whose term expired on March 8, 2013.
• Commissioner Keon Hardemon has one (1) nomination for a seat currently held by:
1. Carol Gardner, incumbent, whose term expired on October 11, 2013.t
* This item was continued from March 14, 2013, April 11, 2013, May 9, 2013, June 13, 2013, July 11, 2013, September
12, 2013, October 10, 2013, and November 21, 2013, Commission meetings.
This item was continued from October 10, 2013, Commission meeting.
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 January 9, 2014,
Commission agenda.
TBH:ne
c: Theodore Guba, Independent Auditor General
Edith McCray, Board Liaison
Robin Jones -Jackson, Assistant City Attorney
Elvi Gallastegui, Agenda Coordinator