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HomeMy WebLinkAboutSigned Minutes 07-16-24 Audit Entrance ConferenceMinutes of the City of Arlington Special Meeting Audit Entrance Conference Microsoft Teams July 16, 2024 Councilmembers Present: Michele Blythe. Staff Present: Mayor Don Vanney, Paul Ellis, Kristin Garcia, Sheri Amundson, Suzanne Soule, and Wendy Van Der Meersche. Also Known to be Present: Deb Kindinger and Erika Davies. The special meeting began at 9:00 a.m. with Audit Lead Deb Kindinger introducing herself and Assistant Audit Manager Erika Davies. Finance Director Kristin Garcia introduced staff and council member Michele Blythe from the City of Arlington who were present. DISCUSSION Ms. Kindinger stated that the two areas to be evaluated by the Washington State Auditor's Office for the City of Arlington are the financial statement audit for January 1, 2023 through December 31, 2023 and attestation compliance engagement for January 1, 2023 through December 31, 2023. Financial statement audit for January 1, 2023 through December 31, 2023 Auditors will provide an opinion on whether the City's financial statements are presented fairly, in all material respects, in accordance with the applicable reporting framework. The audit does not attempt to confirm the accuracy of every amount but does search for errors large enough to affect the conclusions and decisions of a financial statement user. Attestation Engagement for January 1, 2023 through December 31, 2023 Auditors will perform an examination of compliance with allowable activities and cost requirements for the Coronavirus State and Local Fiscal Recovery Funds (ALN 21.027). This is referred to as State and Local Fiscal Recovery Funds (SLFRF) or American Rescue Plan Act Funds (ARPA). Ms. Kindinger stated that the auditors do stay connected throughout the year. Prior to today's entrance conference, a packet of materials discussed today was provided. She reviewed the levels of reporting - Findings, Management Letters, and Exit Items. Minutes of the City of Arlington Audit Entrance Conference July 16, 2024 Ms. Kindinger called on Erika Davies to continue with "Important Information," including confidential information, audit costs, audit dispute process, and loss reporting. Ms. Davies reviewed "Reporting Cybersecurity Issues" and who audits the state auditor. The Washington State Auditor's office is part of a national peer program and is reviewed every three years by a local government support team and the Center for Government information. Ms. Davies reviewed the Audit Connection newsletter and a new fraud -prevention resource. Ms. Garcia requested the cycling of accountability. Ms. Davies explained that the City of Arlington qualifies for a two-year audit. ADJOURNMENT With no further business to be conducted, the special meeting ended at 9:33 a.m. Don E. Vanney, Mayor