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HomeMy WebLinkAboutMinutes of Meeting - Financial Auditing Services Workshop - August 21, 2013 MINUTES OF MEETING DANIA BEACH CITY COMMISSION FINANCIAL AUDITING SERVICES WORKSHOP WEDNESDAY, AUGUST 21, 2013 —2:00 P.M. 1. Call to Order/Roll Call Mayor Duke called the meeting to order at 2:00 p.m. Present: Mayor: Walter B. Duke, III Vice-Mayor: Albert C. Jones Commissioners: Chickie Brandimarte Bobbie H. Grace City Manager: Robert Baldwin City Attorney: Thomas J. Ansbro City Clerk: Louise Stilson 2. Interviews Mayor Duke noted this is an opportunity for the Commission to interview the four firms selected. He advised each will be allowed a 10 minute presentation with 5 minutes of follow-up questions by the Commission. 2.1 GLSC & Company, PLLC Pablo Llerena, CPA and Wilbert Santos, Senior Manager, gave a presentation, a copy of which is attached to and incorporated in these minutes. Vice-Mayor Jones asked who with the firm would be directly involved and if interns would be utilized. Mr. Llerena said Mr. Santos and Sherri Walker, CPA, and he would be involved with the City audit and any additional staff would not be interns. In response to Vice-Mayor Jones' questions, Mr. Llerena and Mr. Santos explained the firm's available manpower to meet the needs of their clients relative to the CAFR and GASB 67 & 68. 2.2 Harvey, Covington&Thomas of South Florida, LLC Roderick Harvey, CPA, CVA, introduced Adam Segal, CPA, CFE, FCCA, Lewis Chazan, MBA, JD, and Dana Pollitt, Governmental Affairs, and he and Mr. Segal gave a presentation, a copy of which is attached to and incorporated in these minutes. In response to Commissioner Grace's questions, Mr. Harvey said the firm has not had any improprieties, summer interns would not work on the engagement, and the principals would be available whenever needed. Responding to Commissioner Brandimarte s questions, Mr. Harvey said the firm has performed 35-40 audits per year for the last 13-14 years and they have never been in litigation with any clients. In response to Vice-Mayor Jones, Mr. Harvey noted they will host a training symposium in Dania Beach regarding changes to the GASB. Mr. Segal addressed workflow and technological options available, if needed. 2.3 Nowlen Holt& Miner, P.A. The Commission concurred that if no one from Nowlen Holt & Miner, P.A. shows up during the workshop, the firm would be eliminated from the list. 2.4 S. Davis & Associates, P.A. Shaun Davis, CPA, and Tanya Davis, Engagement Partner, gave a presentation, a copy of which is attached to and incorporated in these minutes. Responding to Vice-Mayor Jones, Ms. Davis said all auditing firms are trying to understand GASB, her firm is abreast of all pronouncements coming forward, and they would be available to help the City implement it. Mr. Davis confirmed the firm has had no criminal or disciplinary activities. 3. Commission Discussion Mark Bates, Finance Director, noted the Commission will rank the firms at the next Commission meeting; how they do the ranking is up to them. He added there is no reason to believe the firms are not qualified to do the work. Commissioner Grace recommended that the Commission entertain only the three firms that were present today and rank them as first, second, and third; the Commission concurred. Minutes of Financial Auditing Services Workshop 2 Dania Beach City Commission Wednesday,August 21,2013—2:00 p.m. 4. Adjournment Mayor Duke adjourned the meeting at 2:53 p.m. ATTEST: CITY OF IA BEACH 'A - G LOUISE STILSON, C WAYfER B. 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