Minneapolis Audit Committee Agenda
October 31, 2012
9:30 a.m. - Room 317 City Hall
NOTE: All cellular telephones and electronic devices to be switched to a non-audible function during Council and Committee meetings.
Committee Members Present: Council Members Diane Hofstede (Chair); Minneapolis Park & Recreation Board Representative Mark Oyaas; Citizen Members Stephanie Woodruff and Darrell Ellsworth (quorum 4)
Committee Members Absent: Council Members Barbara Johnson and Betsy Hodges
Council Committee Coordinator: Peggy Menshek (612) 673-2287 [email protected]
1. Adopt Agenda.
Action Taken: Adopted.
2. Accept Minutes of the Regular Meeting of September 19, 2012.
Audit Minutes September 19, 2012
Action Taken: Accepted.
3. Xcel Energy Review:
Report back on direction that Finance & Property Management work with the City Attorney’s Office to render an opinion going forward on the issue of Xcel Energy, Inc. providing the City with a statement, certified by the company’s controller or another officer of the company, of the amount of the company’s gross operating revenues for the preceding calendar year.
Action Taken: None. Update on final City Council action to be provided at November meeting.
4. Second Quarter 2012 Update on Management Action Plans:
Report back on direction that the Internal Auditor provide the Committee with a listing of completed audits where the City Council felt no action was needed.
Action Taken: Internal Auditor directed to prepare follow-up reports in the first quarter of 2013 on the status of the following reviews: a) Bank Account Reconciliation, Bank Account Access and Automated Clearing House (ACH) Transaction Review; and b) Unisys Contract Review.
5. Special Audit Committee Meeting:
Receive and file October 18, 2012 Audit Committee Special Meeting Report.
10/18/12 Special Audit Committee Meeting Report
Action Taken: Internal Auditor directed to invite to the November Audit Committee meeting those departments that will be audited in 2013 to discuss the upcoming audits.
Report of Internal Auditor
6. Third Quarter 2012 Update on Management Action Plans
Action Taken: Received and filed update. Internal Auditor directed to incorporate into the tracking of issues in 2013 the internal control issues noted by the State Auditor and report to the Audit Committee on those issues on a quarterly basis beginning in the first quarter of 2013.
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Last updated Nov 5, 2012