HomeMy WebLinkAbout2024-08-29 Audit Committee Meeting MinutesAnnual Audit Committee Meeting
MINUTES
CITY OF CALDWELL
August 29, 2024
2:00 p.m.
(ROLL CALL)
Y
APPROVED
Date ' - Z
The annual committee meeting convened at 2:23 p.m. at City Hall, Steunenburg Conference
Room #218.
Those present included; Treasurer Rachelle Castleberry; Finance Director Raelynn North; Eide
Bailly Auditor Bobby Lawrence; Umpqua Bank Representative Holly Lyons; Council Members
Chris Allgood, Mike Dittenber and Diana Register
(CONSENT CALENDAR)
1) Review of March minutes will be approve at next audit committee meeting.
(TOPICS DISCUSSED)
Updates on FY24 — Rachelle Castleberry
• Wrapped up the revenue review completed by Eide Bailly. Changes have been initiated to
fee update processes have already begun. Processes changes have already been made to
Police, Planning & Zoning and Fire.
• Close out 3 L1DS's in FY24
• We entered into a new fire truck lease to purchase 3 fire trucks as well as a Mayor Admin
vehicle lease in FY24
• We added 4 new SBITA's in FY24
• FY24 large increases include increases to personel in wages raises and additional
positions.
• City has new Debt for FY24 for the Fire GO Bond. Discussing project timing for building
of fire station 1 and 4.
• Identified approx. $19 Million in Project costs for FY24
• Identified new funds such as the Parking Fund,t he Fire Bond Fund, and also the removal
of 2 funds (1731 and F29)
• Identified Approx $11 Million in Grant Revenue and Expenditures for FY24, mostly
related to ARPA, CDBG just over 600k, FAA, SAFERS Grant, and Library.
Audit Planning— Bobby Lawerence:
Identified a few GASB Updates
o Compensated Absences to be implemented in FY25
o Disclosure items
o Statement 99 on technical Corrections
• Discussed conflict of interest and processes
Adjourn