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<br />Fiscal Affairs Committee - Special Called Regular Meeting - May 11, 2010 <br /> <br />2 <br /> <br />It was the consensus of the Fiscal Affairs Committee that the audit be a forensic audit. The <br />following is the criteria to be included in the scope of work: <br /> <br />All Transactions of the Five Points Project. <br /> <br />Transactions between the C!ty and the Developer. <br /> <br />Financial Real Estate Transactions. <br /> <br />URS Billing as they apply to policies and procedures. <br /> <br />Determine whether the funds for the Type B Development Corporation were properly applied <br />to the project. <br /> <br />Knox Askins is to determine whether or not the committee can meet in Executive Session to <br />determine the list of questions for the auditors interview. <br /> <br />The committee will put together a list of vendors who might be able to conduct the audit. Mr. <br />Engelken has some names he was provided from HGAC and Knox Askins will also provide <br />some names. <br /> <br />Mr. Engelken will contact the vendors to see if they would be interested in handling a project <br />of this scope and nature. <br /> <br />The next meeting will be held on May 18, 2010 at 5:00 p.m. in the City Hall Council <br />Chambers. <br /> <br />6. Administrative Reports <br /> <br />City Manager Ron Bottoms reminded the committee that all the questions raised by the <br />committee had been answered. <br /> <br />7. Committee Comments <br /> <br />Matters appearing on agenda <br /> <br />A. Recognition of community members, city employee, and upcoming events <br /> <br />B. Inquiry of staff regarding specific factual information or existing policy <br /> <br />Committee members Engelken and Moser made comments. <br /> <br />8. Adjournment <br /> <br />There being no further business to come before the committee, the meeting was adjourned at <br />5: 32 p. m. <br />