Finance/ Audit Committee
May 19, 2021
4:00p.m.
City Council Chambers
20 S. Littler, Edmond, OK
CITY COUNCIL WORKSHOP
Finance/ Audit Committee Members
Chair - Stephen Schaus (City Treasurer) - Participating remotely via Videoconference
Mayor Darrell A. Davis - Participating remotely via Videoconference
Council Member Christin Mugg - Participating remotely via Videoconference
City Manager Larry Stevens - Participating remotely via Videoconference
*IMPORT ANT NOTICE* This meeting will be conducted via videoconferencing.
*Notice regarding Public Comment* For any resident of Edmond that would like to participate in public comment during the meeting, the following procedure will be in place to mirror the regular in-person City Council meeting.
The meeting will be utilizing the Zoom video conference platform that will go live approximately five minutes before the scheduled meeting time. Join Zoom Meeting
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Meeting ID: 823 9489 7028
Passcode: 265983
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Meeting ID: 823 9489 7028
Passcode: 265983
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82394897028@zoomcrc.com
To request to speak on an agenda item, utilize the "Raise Hand" feature during that item and you will be called upon to speak when public comment is opened.
*NOTICE TO THE PUBLIC*
Official action can only be taken on items which appear on the agenda. The Finance/ Audit Committee may adopt, approve, amend, reject, deny, strike or continue any item listed on the agenda. When more information is needed to act on an item, the Finance/Audit Committee may refer the matter to the Finance/Audit Committee staff. The
Finance/Audit Committee may also refer items to the standing committees of the Committee for additional study. Under certain circumstances, items are deferred/continued to a specific later date or stricken from the agenda entirely.
1. Call to Order
2. Approve the minutes from the Finance/ Audit Committee Meeting held April 21, 2021
3. Discussion of Request for Proposal (RFP) Applicants of a contract proposal to provide audit services of the City's FY's 21-25 Financial Statements.
The City of Edmond cannot bind future governing bodies; however, it is anticipated that the firm selected to serve as the City's independent auditor will be retained for at least five years, with options to renew annually upon mutual agreement.
4. Discussion and consideration of $40million funding for capital projects
5. New Business - (In accordance with the Open Meeting Act, new business is defined as any matter not known about or which could not have been reasonably foreseen prior to the time of posting of the agenda.)
6. Adjournment.