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06-13-11 Regular Meeting of Fiscal Affairs Committee
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06-13-11 Regular Meeting of Fiscal Affairs Committee
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City Meetings
Meeting Body
Fiscal Affairs Committee
Meeting Doc Type
Minutes
Date
6/13/2011
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D. ENTRANCE CONFERENCES, PROGRESS REPORTING AND EXIT <br /> CONFERENCES (A similar time schedule will be developed for audits of <br /> future fiscal years if the City exercises its option of additional audits.) <br /> At a minimum, the following conferences should be held by the dates <br /> indicated. <br /> Week of <br /> Sept 15 Entrance conference with the Director of Finance and <br /> all appropriate finance department personnel <br /> The purpose of this meeting will be to discuss prior <br /> audit problems and the interim work to be performed. <br /> This meeting will also be used to establish overall <br /> liaison for the audit and to make arrangements for <br /> work space and other needs of the auditor. <br /> Oct 15 Progress conference with the Director of Finance and <br /> appropriate finance department personnel and <br /> appropriate department heads <br /> The purpose of this meeting will be to summarize the <br /> results of the preliminary review and to identify the <br /> key internal controls or other matters to be tested and <br /> discuss the year -end audit work to be performed. <br /> Dec 1 Entrance conference with the Director of Finance to <br /> commence year -end audit work <br /> Jan 15 Exit conference with the Director of Finance and <br /> appropriate finance department personnel <br /> The purpose of this meeting will be to summarize the <br /> results of the field work and to review significant <br /> findings. <br /> Feb 8 Present compliance report to La Porte Area Water <br /> Authority Board <br /> Mar 12 Present audit report to Fiscal Affairs Committee and <br /> City Council. <br /> E. FINAL REPORT DUE DATES <br /> The final reports are due on or before March 12 of each year. Date for <br /> submission of the management letter shall be no later than March 12. <br /> 20 <br />
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