Okay, I give a meeting on November 18th.

So my question is do I approve consent even though I wasn't here?

Yeah.

Okay.

All in favor.

Unless we have questions about it five other business.

All right.

And we have our nice uh audit partner, Amy Myers.

And then she will walk this through the uh fiscal year of 2024-25 audit plan.

Thank you, Amy.

Great.

Thank you, everybody.

Good morning.

All right.

I will share my screen now.

I'm trying to preemptively.

And I if as you all know, the screen kind of gets weird when you um when you share.

So if you have any questions along the way, please, you know, scream yell if I can't see you.

Just let me know because I'll uh I'll dig in here.

Let's see.

Okay.

I think there we go.

Maybe see it.

There we go.

Now you should see it better.

Okay.

Great.

Not that we subdue.

Yep.

Okay.

I know everything seems a little delayed, but I think we're we're all going to catch up.

It's Monday morning.

We're all a little delayed today, right?

Yes.

Too much Easter candy yesterday, maybe.

Let's see.

All right.

So uh so yes.

So the purpose of this meeting, um, I know I know uh I think both of you have been through it.

Is that correct?

If I remember I'm recognizing the faces.

Kathy is actually our new council member.

Then she has not.

Okay.

So I'll go over a little bit of the background of the why.

Okay.

So audit standards.

Um, so the city's audit is conducted in accordance with general audit standards generally accept in the United States, as well as government auditing standards, which you would think it would be like, of course, government auditing standards, but oddly, uh city or municipal audits aren't always required to be audited under what's called government auditing standards or the yellow book audit.

That's when compliance is involved, when there's compliance requirements involved, such as single audit, which is federal award programs, transportation development act programs, uh, and your measure programs.

There's there's compliance involved, and so that turns your whole city audit into what we call a yellow book audit.

So the the um generally accepted auditing standards are what dictate what we do as part of the audit, and that's where, as part of that, we're required to discuss the audit process with you as your your the term for you as a group is those charged with governance.

That's so we're required to make certain communications to those charged with governance, both at the planning phase, which is where we are now, and then also at the end to go over the audit results, which is is what happens in the fall.

So uh the topics that we're required to discuss include our responsibility as well as uh the city or managements and your responsibility, planned audit scope, group audit considerations, audit timing, management representations, and then fraud considerations.

So just to go over what we audit.

So we audit the city as a whole.

That's um the results of that audit are included in the annual comprehensive financial report or the ACFER.

Then also the measure I financial statements, and then as I mentioned, compliance testing.

So there's compliance testing and reports for the measure A and W programs, federal award programs, the single audit when the city expends more than 750,000 in any one year across all federal programs.

So the city didn't require a single audit.

So I'm gonna say along the way today, you know, if if required, if required, if required, because it just depends on at the end of you know, at June 30, whether you've spent a cumulative of 750,000 or more.