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2023-02-03 AUDIT COMMITTEE MINUTESPearland Audit Committee Minutes February 3, 2023 CITY OF PEARLAND, TEXAS AUDIT COMMITTEE MEETING MINUTES FEBRUARY 3, 2023 The Audit Committee of the City Council of Pearland, Texas, convened in a meeting on February 3, 2023, 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. 1. CALL TO ORDER AND CERTIFICATION OF QUORUM Mayor Cole called the meeting to order at 2:07 p.m. Members present were Mayor J. Kevin Cole, Mayor Pro-Tem Tony Carbone, and Councilmember Jeffrey Barry. Others present were Trent Epperson, Interim City Manager; Ron Fraser, Assistant City Manager; Frances Aguilar, City Secretary; Amy Buckert Johnson, Chief Financial Officer; Kendra Murphy, Deputy Finance Director; Joel Hardy, Grants/Special Project Administrator; Khoa Nguyen, Finance Analyst; Rachel Wynslow, Management Assistant; Kellie Ekeland, Senior Accountant. 2. CITIZEN COMMENTS There were no comments. 3. APPROVAL OF THE MINUTES FROM NOVEMBER 15, 2022 AND DECEMBER 15, 2022. Mayor Pro-Tem Carbone made the motion, seconded by Mayor Cole, to approve the minutes. AYES: Cole, Carbone, and Barry. NAYS: None. The motion carried. 4. UPDATE ON FINANCING STAFFING Update on staffing and an overview of the department procedures was provided by Amy Buckert Johnson, Chief Financial Officer and introduced Kendra Murphy, Deputy Finance Director. The current status of the department is as follows: 3 employees were onboarded in December: Deputy Finance Director, Senior Accountant, Management Assistant 2 employees were onboarded in January: Payroll Manager, Financial Analyst 1 employee was onboarded in February; Senior Capital Analyst DocuSign Envelope ID: D486A160-854D-4B5A-B831-B4AE4F0A4E63 Pearland Audit Committee Minutes February 3, 2023 3 jobs posted/posting: Executive Assistant, Purchasing Officer; Controller 5. UPDATE ON 65TH NORTH GROUP Update on the implementation of the internal control study was provided by Amy Buckert Johnson, Chief Financial Officer. 6. UPDATE ON AUDIT • ITEMS TO WATCH • ADDITIONAL COSTS Update on the implementation of the internal control study was provided by Amy Buckert Johnson, Chief Financial Officer. The following were reviewed in further detail: audit expense, capital projects and fixed assets, single audit, and the timeline. 7. UPDATE ON TIRZ DEBT SERVICE Update on the analysis of the TIRZ’s impact on the tax rate was provided by Trent Epperson, Interim City Manager. 8. FY24 BOND REFUNDING 9. OTHER ITEMS The Mayor stated that the consultant services agreement with SGR to produce an independent audit of the City's tax calculation processes and develop best practice recommendations will be brought to council. 10. ADJOURNMENT The meeting was adjourned at 3:47 p.m. Minutes approved as submitted and/or corrected this 31st day of March 2023. City of Pearland, Texas Frances Aguilar, TRMC, MMC City Secretary DocuSign Envelope ID: D486A160-854D-4B5A-B831-B4AE4F0A4E63