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HomeMy WebLinkAbout2020-12-02 Audit Commission Minutes DRAFT Audit Commission Minutes (Municipal Audit Commission AMC 2.11.010) December 2, 2020 at 2:00 p.m. Meeting Held Electronically Call to Order/Opening Remarks: Meeting called to order at 2:15 p.m. by Finance Director Melanie Purcell. Roll Call Slattery Present Everson Present Hunter Present Others: Melanie Purcell Finance Director Cindy Hanks Accounting & Audit Manager Amanda McCleary-Moore Moss Adams, LLP Kim Reno Moss Adams, LLP Trinidy Flinders Moss Adams, LLP Presentation by Independent Auditors – Moss Adams, LLP McCleary-Moore presented highlights of the FY2020 Comprehensive Annual Financial Report (CAFR) and noted the complement of the FY2020 Component Unit Financial Report (CUFR). It was noted that staff and the auditors had reviewed the definition of component unit and were in the process of confirming with the State of Oregon and the City’s Legal Department the appropriateness of eliminating the separate report for Ashland Parks and Recreation Commission as it does not meet the definition. Report from Staff Purcell updated the Commission on the financial policies adopted by City Council on December 1, 2020. Discussion Public Input- None Everson/Slattery moved to accept of the Parks Comprehensive Annual Financial Report and the City Comprehensive Annual Financial Report. Discussion: None. Roll Call Vote: Slattery, Everson, Hunter: YES. Motion passed unanimously. Adjournment: 3:15 p.m. Respectfully Submitted: