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2007-09-10-Meeting Agenda
www.augustaga.gov FinanceCommitteeMeeting CommitteeRoom -9/10/2007 -1:05PM FINANCE 1.Approvecontractfor2007FinancialAudit.Attachments 2.ReportfromtheAdministratorregardinghisinvesti gation ofconditionsattheoldLandfillpropertyonMack Laneas itrelatestothepropertytaxassessmentofMs.Be verlyT. McIntyre.(ReferredfromAugust27Finance) Attachments FinanceCommitteeMeeting 9/10/20071:05PM ApproveContractfor2007FinancialAudit Department:Finance caption2:Approvecontractfor2007FinancialAudit. Background:Afinancialauditisrequiredtobecompletedandf iledwith theStateofGeorgiaDepartmentofAuditseachyear nomore than180daysaftertheendoftheorganization'sf iscalyear. TheduedateforAugustaisJune30. Analysis:ThefirmofCherryBekaertandHollandhasprovided externalauditingservicesforseveralyears.Theyh ave sufficientresourcestoaccomplishanauditthissi zeina timelymannerandhavefamilarizedthemselveswitht he organizationduringpastauditengagements. FinancialImpact:Newrequirementsforauditcomplianceareaddedalm ost everyyearbythevariousagenciesthatissuefinan cial pronoucements.SinceARC'stotalbudgetexceeds$10 0 million,wetypicallymustbeincompliancethefir styear changesareeffective.Thisyearwemustshowthee ffectof OtherPostEmployementBenefits(OPEB)asrequiredb y GASB45/46.Inaddition,standardshavebeenchange d requiringmoreoftheauditproceedurestobecompl eted beforefiscalyearendandmoreextensiveprocedure sto evaluateinternalcontrols. Alternatives:PublishanRFQandgothroughanewselectionproce ss. Recommendation:EngageCBHforthe2007auditwiththeoptiontoex tendthe contractfortwoyears. Fundsare Availableinthe Following $142,500for2007audit.AvailableinbudgetsofGe neral Fund,Utilities,WasteManagement,AirportandHND. Cover Memo Item # 1 Accounts: REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 1 FinanceCommitteeMeeting 9/10/20071:05PM BeverlyMcIntyre Department:ClerkofCommission caption2:ReportfromtheAdministratorregardinghisinvesti gationof conditionsattheoldLandfillpropertyonMackLan easit relatestothepropertytaxassessmentofMs.Bever lyT. McIntyre.(ReferredfromAugust27Finance) Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 2 Attachment number 1 Page 1 of 59 Item # 2 Attachment number 1 Page 2 of 59 Item # 2 Attachment number 1 Page 3 of 59 Item # 2 Attachment number 1 Page 4 of 59 Item # 2 Attachment number 1 Page 5 of 59 Item # 2 Attachment number 1 Page 6 of 59 Item # 2 Attachment number 1 Page 7 of 59 Item # 2 Attachment number 1 Page 8 of 59 Item # 2 Attachment number 1 Page 9 of 59 Item # 2 Attachment number 1 Page 10 of 59 Item # 2 Attachment number 1 Page 11 of 59 Item # 2 Attachment number 1 Page 12 of 59 Item # 2 Attachment number 1 Page 13 of 59 Item # 2 Attachment number 1 Page 14 of 59 Item # 2 Attachment number 1 Page 15 of 59 Item # 2 Attachment number 1 Page 16 of 59 Item # 2 Attachment number 1 Page 17 of 59 Item # 2 Attachment number 1 Page 18 of 59 Item # 2 Attachment number 1 Page 19 of 59 Item # 2 Attachment number 1 Page 20 of 59 Item # 2 Attachment number 1 Page 21 of 59 Item # 2 Attachment number 1 Page 22 of 59 Item # 2 Attachment number 1 Page 23 of 59 Item # 2 Attachment number 1 Page 24 of 59 Item # 2 Attachment number 1 Page 25 of 59 Item # 2 Attachment number 1 Page 26 of 59 Item # 2 Attachment number 1 Page 27 of 59 Item # 2 Attachment number 1 Page 28 of 59 Item # 2 Attachment number 1 Page 29 of 59 Item # 2 Attachment number 1 Page 30 of 59 Item # 2 Attachment number 1 Page 31 of 59 Item # 2 Attachment number 1 Page 32 of 59 Item # 2 Attachment number 1 Page 33 of 59 Item # 2 Attachment number 1 Page 34 of 59 Item # 2 Attachment number 1 Page 35 of 59 Item # 2 Attachment number 1 Page 36 of 59 Item # 2 Attachment number 1 Page 37 of 59 Item # 2 Attachment number 1 Page 38 of 59 Item # 2 Attachment number 1 Page 39 of 59 Item # 2 Attachment number 1 Page 40 of 59 Item # 2 Attachment number 1 Page 41 of 59 Item # 2 Attachment number 1 Page 42 of 59 Item # 2 Attachment number 1 Page 43 of 59 Item # 2 Attachment number 1 Page 44 of 59 Item # 2 Attachment number 1 Page 45 of 59 Item # 2 Attachment number 1 Page 46 of 59 Item # 2 Attachment number 1 Page 47 of 59 Item # 2 Attachment number 1 Page 48 of 59 Item # 2 Attachment number 1 Page 49 of 59 Item # 2 Attachment number 1 Page 50 of 59 Item # 2 Attachment number 1 Page 51 of 59 Item # 2 Attachment number 1 Page 52 of 59 Item # 2 Attachment number 1 Page 53 of 59 Item # 2 Attachment number 1 Page 54 of 59 Item # 2 Attachment number 1 Page 55 of 59 Item # 2 Attachment number 1 Page 56 of 59 Item # 2 Attachment number 1 Page 57 of 59 Item # 2 Attachment number 1 Page 58 of 59 Item # 2 Attachment number 1 Page 59 of 59 Item # 2