Agenda Information Sheet
DEPARTMENT: Finance
DCM: Bryan Langley
Date: September 12, 2017
SUBJECT
Title
Hold a discussion and appoint a Chairperson for the Audit/Finance Committee.
Body
BACKGROUND
On April 18, 2006, the Denton City Council established an Audit/Finance Committee by Resolution No. R2006-013 (as amended by Resolution No. R2006-16) to act as an advisory body to the Denton City Council to provide governance and oversight of the organization’s audit activities, internal controls, and financial and operational reporting.
On June 16, 2009, the Denton City Council re-established a standing Audit/Finance Committee to be comprised of three (3) members of the City Council to be appointed by the Mayor and approved by the City Council (Resolution R2009-015). Under Section 2B of that resolution, Council determined that “The presiding officer of the Committee shall be chosen annually by the Committee”. The purpose of this item is to allow the Committee an opportunity to consider nominations for the Chair position.
STRATEGIC PLAN RELATIONSHIP
The City of Denton’s Strategic Plan is an action-oriented road map that will help the City achieve its vision. The foundation for the plan is the five long-term Key Focus Areas (KFA): Organizational Excellence; Public Infrastructure; Economic Development; Safe, Livable, and Family-Friendly Community; and Sustainability and Environmental Stewardship. While individual items may support multiple KFAs, this specific City Council agenda item contributes most directly to the following KFA and goal:
Related Key Focus Area: Organizational Excellence
Related Goal: 1.1 Manage financial resources in a responsible manner
EXHIBITS
1. Resolution R2009-015
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
Prepared by:
Antonio Puente, Jr.
Assistant Director of Finance