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HomeMy WebLinkAboutMinutes - 2/21/2005 - Finance and Personnel Committee FINANCE AND PERSONNEL CQMMIT'I'EE MEETING Monday,Febrnary 21, 2005 Aldermen's Conference Room, 7:00 p.m. � In Attendance: Committee Members: Chairman Alderman Murgatrayd, Alderman Bolger and Alderman Peterson. Absent: None. Also in Attendance: Assistant to the City Adrninistrator Martin, Director of Finance Kline and City Clerk Jones. Also in Attendance: John Eder, Eder, Casella& Co. Chairman Murgatroyd called the meeting to order at 7:00 p.m. Present�tion of 2403/2004(�eneral Purnose Financ�al Re ►�oM Chairm;in Murgatroyd introduced John Eder, principal of Eder, Casella & Co. Mr. Eder provided the Committee with an overview of the 2003/2004 General Purpose Financial Report. He complimented Finance Director Kline and her staff for their cooperative efforts durin� the audit process. Mr. Eder informed the Committee the audit was conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits cantained in Gov'ernment Auditing Standards. He briefly explained the implementation of GASB Statement No. 34 and the City's new financial reporting model as required by the provisions of GASB34, Basic Financial Statements and Management's Discussion and Analysis for State and Lacal Governmems. `, Chairman Murgatroyd tha.nked Mr. Eder for his concise summary of the 2003/2004 Financial Report. New Business No new business was discussed. Adj,a�rnment Motion by Bolger, seconded by Petersoq to adjourn the meeting at 7:29 p.m. Aye: Murgatroyd, Bolger, Peterson. Nay: None. Absent: None. Motion carried. Respectfully submitted, �_ Steven C. Murgatroyd, C irma �