HomeMy WebLinkAboutMemorandumCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members
Date:
October 17, 2019
of the City Commission
Subject:
Audit Advisory Committee
From: Todd B. Hannon
References:
Agenda for November 21, 2019
City Clerk
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.]
One (1) Residency waiver is required at this time:
• Ignacio J. Abella, appointed on February 14, 2019, requires a 4/5ths waiver of the
residency requirement, per Section 2-884(a) of the City Code.'
For your convenience, we are including a copy of the membership of the committee. By copy of this
memorandum, we are requesting that the Agenda Office place this issue on the November 21, 2019,
Commission Agenda.
TBH:ne
Theodore Guba, Independent Auditor General
Edith McCray, Liaison
Robin Jones -Jackson, Senior Assistant City Attorney
Miriam M. Santana, Agenda Coordinator
1 This item was continued from October 10, 2019, Commission meeting.