HomeMy WebLinkAboutSubmittal-Eli FeinbergEli M. Feinberg
March 21,2Ol4
The Honorable VNfredoGort
Chair, City Commission ufthe City of Miami
3SOOPan American Drive
Miami, FLJ3131
Re: Update toFinance Committee Report
Dear Mr. Chairman:
As Chair of the Finance Committee, ("the Committee"), | would like to take the opportunity to provide
an update tothe Committee's report and recommendations on the letter dated March 7'h, I014,
At its meeting on March 1*1h, 2014' the Finance Committee was provided an update on each of the
Committee's recommendations. They are summarized below:
'76 direct the City Office the authority to engage independentexpertlmtside
disclosure o»unael..'�- Disclosure Counsel was engaged and has assisted the CityAttorney's
officeandthe Finance Department regarding disclosure matters with the [ity'sComprehensive
Annual Financial Report, ("[AFR").
"To give the Finance Department the authority to engage...CPAwith experience in
Governmental Accounting Standards...": The Finance Department currently employs the
following CPAs with Governmental Accounting Standards experience, all of which worked on the
[itysZO13fiscal year [AFR.
l Finance director
%. Assistant Finance Director
3. Controller
4. Treasurer
5. Chief Accountant
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Update to Finance Committee Report (Page 2 of 2)
'70 direct theCiMy's independent Auditor General tmconduct uminvestigation.�-rheOty's
Independent Auditor General, K4r. Guba, was provided the request for an investigation letter
doted March 7, 2014 along with the report. Mr. Guba is reviewing the report and the
recommendations.
We respectfully request this letter accompany the Finance Committee's report, demonstrating the
Finance Department's and the City Attnrnpy/s office willingness to promptly address the Finance
Committee's concerns and recommendations. Should you require additional information, please feel
free to contact me ot(3O5) 904-I8I8.
Eli Feinberg, Chairman
City of Miami Finance Committee
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