2026-09-15 - City Council Special Meeting (Audit Conference)
Summary
2024 Financial Audit Exit Conference
- Kelley Cochran, Finance Director, introduced the item.
- Haji Adams, Angela Funamori, and Priscilla Wong from the State Auditor's Office presented:
- Financial results
- Management letter on capital assets
- No material misstatements found
- Federal grant compliance audit results
- Findings regarding strengthening internal controls and federal procurement policy
- Audit cost
- Report publication
2025 Financial Audit Entrance Conference and CFD Accountability Audits
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Haji Adams, Angela Funamori, and Priscilla Wong from the State Auditor's Office spoke on:
- Accountability audit procedures
- Financial statement audit
- Federal grant compliance audit
- Redmond Community Facilities Districts 2014-1 and 2016-1
- Staying updated during the audit process
- Levels of reporting
- Confidentiality
- Audit costs
- Dispute process
- Loss reporting
- State Auditor's Office support services
- Training and client support
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Discussion ensued regarding corrective actions and compliance with federal dollars.
Meeting adjourned 7:06 p.m.
Sources
- Redmond Legistar