Call to Order
There is now a full committee with the vacancy filled by Thomas Hepford.

Municipal Audit Committee Members Guy Nutter, Roberta Stebbins, Dennis Slattery and Thomas Hepford were present. 

Also present were Administrative Services and Finance Director Lee Tuneberg and Administrative Assistant Tami De Mille-Campos.


Approval of the City of Ashland’s Comprehensive Annual Financial Report (CAFR)
A MOTION WAS MADE by Committee Member Nutter and seconded by Committee Member Stebbins for the Approval of the City of Ashland’s Comprehensive Annual Financial Report.

The Vote: Unanimous Ayes; Committee Member Hepford abstained.


Approval of the City of Ashland’s Parks Commission Component Unit Financial Report (CUFR)
A MOTION WAS MADE by Committee Member Nutter and seconded by Committee Member Slattery for the Approval of the City of Ashland’s Component Unit Comprehensive Annual Financial Report (Parks).

The Vote: Unanimous Ayes; Committee Member Hepford abstained.


Ratify letter dated 10/22/12- Committee recommendation to approve CAFR/CUFR
A MOTION WAS MADE by Committee Member Slattery and seconded by Committee Member Nutter for the Approval of the City of Ashland’s Comprehensive Annual Financial Report.

The Vote: Unanimous Ayes; Committee Member Hepford abstained.


Discussion
Committee member Slattery questioned if the normal process for selecting the Council and Budget Liaison’s is supposed to happen annually during the last budget meeting. Mr. Tuneberg stated that he would check with the City Recorder and the Legal department and report back.



Adjournment
Ms. Stebbins adjourned the meeting at 11:07 a.m.

Respectfully submitted,
Tami De Mille-Campos, Administrative Assistant