2016-03-01 Audit/Finance Committee Minutes1 �
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After determining that a quorum is present, the Audit/Finance Committee of the City of Denton,
Texas, met in a regular meeting on March 1, 2016, at 11:02 a.m., in the Finance Conference Room,
at City Hall, 215 E. McKinney Street, Dentan, Texas at which the following items were considered:
PRESENT: Committee Chair, Greg Johnson; Mayor, Chris Watts;
Council Member, Joey Hawkins
STAFF PRESENT: Bryan Langley, Assistant City Manager; Jon Fortune, Assistant City
Manager; Chuck Springer, Director of Finance; Harvey Jarvis, Controller;
Kevin Ann Mullen, Assistant Controller; Cody Wood, Assistant
Controller; and Kristy Odom, Recording Secretary.
OTHERS PRESENT: Jerry Gaither and Sara Dempsey with Weaver and Tidwell, LLP
The following items were considered:
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Chuck Springer, Director of Finance, stated that the annual audit process has been completed,
and averall we had positive results. Jerry Gaither and Sara Dempsey, with Weaver and Tidwell,
LLP, reviewed the results of the annual audit. The auditor's report on the iinancial statement is
an unmodified Ol 66C��U1199 opinion. The City has implemented the GASB 68 requirement that
reflects the pension liability on the financial statements, Sara Dempsey, with Weaver and
Tidwell, LLP, explained the audit process in depth and how the City of Denton received the final
audit opinion. The auditor's report on internal control over financial reporting and on compliance
was issued with no material weaknesses. The auditor's report for the single audit (for grant
funding in accordance with OMB Circular A-133) was issued with an unmodified or "clean"
opinion with no findings noted.
2. Under Section 551.042 of the Texas Open Meeting Act, respond to inquiries from the
Audit/Finance Committee or the public with specific factual information or recitation of
policy, or accept a proposal to place the matter on the agenda for an upcoming meeting
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Under Section 551.0415 of the Texas Open Meetings Act, provide reports about items of
community interest regarding which no action will be taken, to include: expressions of
thanks congratulations or condolence; information regarding holiday schedules; an
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honorary or salutary recognition of a public official, public employee, or other citizen; a
reminder about an upcoming event organized or sponsored by the governing body;
fnformatfon regarding a social, ceremonial, or community event organized or sponsored by
an entity other than the governing body that was attended or is scheduled to be attended by
a member of the governing body or an off�cial or employee of the municfpality; or an
announcement involving an imminent threat to the public health and safety of people in the
munfcipality that has arisen after the posting of the agenda.
With no additional l�t��ir��.�� to be addr�ssed, the Comrnittee adjourned at 11:39 a.m.
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JOEY i-It�t�il�. 5 KRISTY �.T.)i����11,,� � �p
COMMITTEE CHAIR RECORDING SECRETARY
CITY OF DENTON, TEXAS CITY OF DENTON, TEXAS