2022-04-20 AUDIT COMMITTEE MINUTESAudit Committee Meeting April 20, 2022
MINUTES OF THE AUDIT COMMITTEE OF THE PEARLAND CITY COUNCIL MEETING OF
THE CITY OF PEARLAND, TEXAS, HELD VIA VIDEOCONFERENCE ON WEDNESDAY,
APRIL 20, 2022 AT 1:00 P.M.
The meeting began at 1:02 p.m.
PRESENT
Mayor J. Kevin Cole
Councilmember Tony Carbone
Councilmember David Little
City Manager Clay Pearson
Deputy City Manager Trent Epperson
Budget Officer Eric Roche
Deputy Director of Finance Kristen Woolley
Controller Karen Krenek
City Secretary Leslie Crittenden
1. APPROVAL OF MINUTES
Minutes from the March 1, 2022 Audit Committee Meeting were approved.
2. DISCUSSION – FY22 AUDIT CONTRACT
Ms. Woolley provided an overview for discussion of the FY22 Audit Contract.
Discussion was held regarding a new audit firm and bank.
3. DEBT STRUCTURES FOR WATER/SEWER CO’S MOVING FORWARD
Ms. Woolley provided an overview of the Water/Sewer CO’s.
4. DISCUSSION – COMPREHENSIVE FINANCIAL POLICY UPDATES – ENTERPRISE
FUND RESERVE POLICY
Mr. Pearson provided an overview of the upcoming proposed policy changes.
5. OPEN COMMENTS
Councilmember Carbone stated he had nothing outstanding.
Mayor Cole questioned the timeline of when the Debt Structure would be brought to
Council.
Ms. Krenek provided a report of the timeline.
6. NEXT QUARTELY MEETING
The Next Meeting will be held virtually in June 2022.
7. ADJOURNMENT
The meeting adjourned at 1:30 p.m. on April 20, 2022
Audit Committee Meeting April 20, 2022
Minutes approved as submitted and/or corrected this 1st day of June 2022.
Frances Aguilar, TRMC, MMC
City Secretary