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2022-11-15 AUDIT COMMITTEE MINUTESPearland Audit Committee Minutes November 15, 2022 CITY OF PEARLAND, TEXAS AUDIT COMMITTEE MEETING MINUTES NOVEMBER 15, 2022 The Audit Committee of the City Council of Pearland, Texas, convened in a meeting on November 15, 2022, at the Pearland City Hall Sacramento Room, 3519 Liberty Drive, Pearland, Texas. The following represents the actions taken in the order they occurred during the meeting. Mayor Cole called the meeting to order at 9:00 a.m. The following were present: Mayor J. Kevin Cole, Mayor Pro-Tem Tony Carbone, and Councilmember Jeffrey Barry. Others present were Clay Pearson, City Manager; Trent Epperson, Deputy City Manager; Ron Fraser, Assistant City Manager; Frances Aguilar, City Secretary; Amy Buckert Johnson, Chief Financial Officer; Christina Ordonez-Campos, Controller; Eric Roche, Budget Officer, and John Robuck, Managing Director with BOK Financial Securities. 1.DISCUSSION – PROPERTY TAX REVISIONS/ISSUES Presentation was provided by John Robuck, Managing Director with BOK Financial Securities. 2.ITEMS FOR COUNCIL CONSIDERATION The update was provided by Amy Johnson, Chief Financial Officer. The following items will be brought to Council for consideration: Refunding/restructuring, defeasance, DAP, and TIRZ. 3.GENERAL FUND REVENUE GAP The update was provided by Eric Roche, Budget Officer. Mr. Roche stated that Moody’s will not put the City on review for a downgrade. 4.UPDATE FROM HCAD MEETING 11/14 5.POSTPONEMENT OF AUDIT FIELDWORK Staff provided an update on the fieldwork delay and an overview of the dates. 6.OPEN COMMENTS 7.NEXT QUARTERLY MEETING – DECEMBER 2022 Pearland Audit Committee Minutes November 15, 2022 8. ADJOURNMENT The meeting was adjourned at 10:05 a.m. Minutes approved as submitted and/or corrected this 3rd day of February 2023. City of Pearland, Texas Frances Aguilar, TRMC, MMC City Secretary