HomeMy WebLinkAboutMINUTES Audit Committee 2021-08-11RECORD OF PROCEEDINGS
Town of Estes Park,Larimer County,Colorado,August 11,2021
Minutes of a
Estes Park,
Building and
2021.
Regular
Larimer
Virtually
meeting of the AUDIT COMMITTEE of the Town of
County,Colorado.Meeting held in the Municipal
in said Town of Estes Park on the 11th day of August,
Committee:Mayor Koenig,Mayor Pro Tern Martchink,Trustee
MacAlpine,Town Adrninistrator Machalek,Finance Director
Hudson,and Accounting Manager Garcia
Attending:
Absent:
Mayor Koenig,Mayor Pro
MacAlpine,Town Administrator
Hudson,Accounting Manager
Beers,and Auditors Ty Holman
None
Tern Martchink,Trustee
Machalek,Finance Director
Garcia,Deputy Town Clerk
and Abbie Irvine
Mayor Koenig called the meeting to order at 4:01 p.m.
2020 COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR)AND AUDIT
REVIEW.Ty Holman and Abbie Irvine,Haynie &Company reviewed the audit scope,
required communication in accordance with audit standards,financial highlights and
new accounting pronouncements and general observations.Irvine stated the Town’s net
position was positive in 2020 while medical claims were higher than anticipated.
Clarification was requested on audit adjustments related to pension and other post-
employee benefits (OPEB)reporting.
Director Hudson stated the audit would be presented to the Town Board on August 24,
2021 as an action item.
CONSIDER APPOINTMENT OF HAYNIE &COMPANY TO PERFORM THE 2021
AUDIT.Director Hudson stated the audit process in 2020 was completed without an
extension for the first time in several years and recommended appointment of Haynie &
Company to perform the 2021 audit which the committee was in agreement.
There being no further business,Mayor Koenig adjourned the meeting at 4:45 p.m.
1Victoria Beers,Deputy Town Clerk