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File #: 15-1033    Version:
Type: Agenda Item Status: Approved
File created: 8/25/2015 In control: Board of Supervisors
On agenda: 9/29/2015 Final action: 9/29/2015
Title: Chief Administrative Office recommending the Board adopt and authorize the Chair to sign Resolution 151-2015 to create a standing Annual Audit Committee responsible for: 1) Establishing the method for selecting a public accounting firm to conduct the annual audit of the County’s financial statements; 2) Making a recommendation to the Board for the award of the contract for the Annual Audit; and 3) Reviewing the Annual Audit findings and responses and make recommendations to the Board, if appropriate. (Cont. 9/15/15, Item 7) FUNDING: N/A
Attachments: 1. 3A - Resolution Establishing Annual Audit Committee 9-29-15, 2. Executed Resolution 151-2015, 3. A - Blue Route - Audit Committee Reso 9-1-15, 4. B - Resolution Establishing Annual Audit Committee 9-1-15
Title
Chief Administrative Office recommending the Board adopt and authorize the Chair to sign Resolution 151-2015 to create a standing Annual Audit Committee responsible for:
1) Establishing the method for selecting a public accounting firm to conduct the annual audit of the County’s financial statements;
2) Making a recommendation to the Board for the award of the contract for the Annual Audit; and
3) Reviewing the Annual Audit findings and responses and make recommendations to the Board, if appropriate. (Cont. 9/15/15, Item 7)

FUNDING: N/A
Body
DEPARTMENT RECOMMENDATION
The Chief Administrative Office recommends the Board establish a standing Annual Audit Committee (“Committee”) to assist the Board in fulfilling its oversight responsibilities related to the annual audit of the County’s financial statements.

DISCUSSION / BACKGROUND
The County of El Dorado is accountable to the public for the proper utilization of resources entrusted to it by the tax payers and is committed to maintaining this fiscal accountability through strong internal controls, budgetary compliance, accurate and timely financial reporting, regular auditing and follow up. California Government Code, Section 25250, requires the Board of Supervisors to examine and audit, or cause to be audited, the financial accounts and records of all officers having responsibility for the care, management, collection, or disbursement of money belonging to the county or money received or disbursed by them under authority of law. Additionally, Board of Supervisors Policy B-9, Annual Audit Contract - Grand Jury Participation, provides that representatives of the El Dorado County Grand Jury shall be given an opportunity to participate in the selection of an outside auditor to perform the annual audit of the County’s financial statements.

The Chief Administrative Office recommends the Board establish a standing “Annual Audit Committee” to assist the Board in fulfilling its oversight responsibilities r...

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