Minneapolis Audit Committee Agenda
February 22, 2012
9:30 a.m. - Room 317 City Hall
NOTE: All cellular telephones, pagers and BlackBerry devices to be switched to a non-audible function during Council and Committee meetings.
Committee Members Present: Council Members Diane Hofstede, Barbara Johnson, Betsy Hodges; Minneapolis Park & Recreation Board Representative Mark Oyaas; Citizen Members Stephanie Woodruff and Darrell Ellsworth (quorum 4)
Council Committee Coordinator: Irene Kasper (612) 673-2219 firstname.lastname@example.org
1. Adopt Agenda.
Action Taken: Adopted.
2. Accept Minutes of the Regular Meeting of January 25, 2012.
Staff Report: Audit Minutes 20120125
Action Taken: Accepted.
3. Risk Assessment and Two-Year Internal Audit Plan (2012-2013) (Action Taken 1/25/2012: a) Approved 2012 Audit Plan for Auditable Unit CPED/Development Finance (Development Loans Review) and Public Works (Fleet Management); b) Requested staff to include the listing of 2011 carry-over projects in the 2012 Audit Plan; c) Directed Internal Auditor: 1) to meet with Finance and BIS staff to determine prioritization of the Auditable Unit reviews for the Finance Department (General Ledger Accounting; Internal Controls over Financial Reporting; and Accounts Payable Review) and BIS (Application Security) as well as determine which can be handled within the department's capacity; 2) to report back with information from the Department of Public Works as to moving the proposed 2013 Audit Plan review for Excel Energy, Inc Franchise Agreement into the 2012 Audit Plan; 3) that for any department on the proposed 2012 Audit Plan for review, create an assessment of the staff hours within the department necessary to conduct the audits; d) Deleted the external risk factor "airport noise" from the risk profile within the Risk Assessment & Two-Year Internal Audit Plan.)
Staff Report: IA Plan 2012-2013; Updated IA Plan 2012-2013 PWRPT; UB Staff Directives PWRPT
Action Taken: Approved Updated Risk Assessment and Two-Year Internal Audit Plan (2012-2013). Directed IA to include as part of final reporting any auditee/department feedback on the audit process once an audit review has been completed.
4. Grant Management Process Review:
a) Review Internal Audit Report;
b) Direct staff to publish the report (Action Taken 12/7/2011: Postponed, with request that Kevin Carpenter/Finance Officer & other members of Finance Department attend meeting).
Staff Report: Available in hard copy at meeting
Action Taken: Postponed.
New Business - None
Report of Internal Auditor
5. Update on audit activities.
Action Taken: No report received.
Announcements - None
Announcements - None
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Last updated Mar. 23, 2012