Audit Advisory Committee - Regular Meeting 2026-07-09

Board of Directors · July 9, 2026

0:00/1:31

1:31:30

0:00

20:00

40:00

1:00:00

1:30:00

Opening and agenda

0:44 → 0:55(11s)

Chair opens meeting, confirms roll call and states the sole agenda item is review of the draft 2025 AFCIBR report. The meeting will focus on the draft audit and related financial highlights.

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Board review of the draft 2025 AFCIBR audit report: auditors reported a preliminary unmodified opinion, discussed financial highlights including a $38.3 million increase in net position, water/sewer capital spending funded by recent bond proceeds, a parking-fund deficit and options to sell the parking garage, and a data discrepancy in per-capita income figures. The board will consider final approval on the 21st (date not specified).

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No transcript available.