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Record of Proceedings

Ocala Audit Committee Meeting – May 5, 2026

City Council & Boards — Tuesday, May 5, 2026
BodyOcala, Florida
SessionCity Council & Boards
DateTuesday, May 5, 2026
StatusFILED
Video Record
0:00 / 12:13

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0:01

Can you make it?

0:09

Are we over that?

0:23

Good afternoon.

0:25

It is now 3 30 p.m.

0:27

on Tuesday, May 5th, and the meeting of the O'Killo Audit Committee is called to order.

0:33

Clerk, please call the roll.

0:35

Mr.

0:36

Marciano.

0:36

Here.

0:37

Mr.

0:38

Hilti.

0:39

Mr.

0:39

Mansfield.

0:40

Mr.

0:40

Mesley.

0:41

Here.

0:42

Ms.

0:42

Dryer.

0:43

Here.

0:43

Mr.

0:43

Bethay.

0:44

Here.

0:45

The clerk will provide the public notice for this evening meeting.

0:48

Yes, the May 5th, 2026 audit committee was publicly noticed on April 9th, 2026 on the City of O'Callis website.

0:57

Thank you.

0:59

You need me to move these.

1:13

So moved.

1:14

Second.

1:14

Thanks.

1:15

Is there any public comment on this matter?

1:18

The clerk would call the role.

1:20

Ms.

1:21

Dreyer.

1:22

Aye.

1:22

Mr.

1:22

Mesley.

1:23

Aye.

1:24

Mr.

1:25

Hillte.

1:26

Aye.

1:26

Mr.

1:27

Mansfield.

1:27

Hi.

1:28

Mr.

1:28

Bethay.

1:29

Aye.

1:31

Item 4B is a presentation of the annual comprehensive financial report for fiscal year in the May September 30th, 2025.

1:40

The present presentation is by Director of Finance and Consumer Services, Peter Breel.

1:48

Good afternoon, Council.

1:49

Happy Cinco de Mayo.

1:51

I am Peter Brill, Director of Finance.

1:54

Today I have the honor to present to you the city's fiscal year ending 2025 annual comprehensive financial report, also known as the ACFER.

2:03

This is our 38th consecutive year that the city has been honored to receive the prestigious GFOA Award, Certificate of Achievement Award for Excellence in Financial Reporting.

2:13

Additionally, I'm proud to announce that this is our sixth consecutive year that the finance department is presenting an ACFA with zero management comments from the auditor.

2:22

Furthermore, uh the City of Ocala has once again received a clean audit opinion, which is the highest level of assurance that is possible from an audit.

2:31

This outstanding achievement reflects the unwavering commitment, professionalism, and due diligence of the city's uh CFO, Janice Mitchell, and the city's three financial departments, where we all strive to ensure transparency, accountability, and fiscal responsibility.

2:48

Allow me to stress that a city of this size, with the number of transactions that occur daily within budget, contracting and procurement, and the finance department, a clean audit opinion is no small feat, and we should be highly separate uh highly celebrated.

3:03

This clean audit opinion signifies that our financial statements accurately accurately represent the city's financial position in accordance with generally accepted accounting principles, are free from material misstatements.

3:15

This recognition underscores the expertise and hard work not only of the finance team who work tirelessly behind the scenes to uphold the highest standards of financial stewardship, but also to the fiscals around the city and all the city departments that shoulder this responsibility.

3:46

That without each and every one mentioned, this ACFER would not be completed.

Discussion Breakdown — Share of Meeting
Fiscal Sustainability█████████████████████████████████████████████85%
Procedural████████15%
Summary of Proceedings

Ocala Audit Committee Meeting – May 5, 2026

The Ocala Audit Committee met on Tuesday, May 5, 2026 at 3:30 PM in Ocala City Hall. The committee received the Annual Comprehensive Financial Report (ACFR) for fiscal year ending September 30, 2025 and the independent auditor's report, both of which confirmed a clean audit opinion with no findings. The meeting lasted approximately 30 minutes.

Consent Calendar

  • Approval of Minutes (Item 4a): The committee unanimously approved the regular meeting minutes from May 6, 2025 (motion by member, seconded, roll call vote: 5 ayes, 0 nays).

Discussion Items

  • Presentation of Annual Comprehensive Financial Report (ACFR) for FY 2025 (Item 4b): Director of Finance Peter Brill presented the ACFR, noting that this is the city's 38th consecutive year receiving the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting. He also highlighted that this is the sixth consecutive year the report has zero management comments from the auditor and that the city received a clean (unmodified) audit opinion—the highest level of assurance. Brill credited the finance team, CFO Janice Mitchell, and all city departments for their fiscal stewardship.
  • Independent Auditor’s Presentation (Item 4c): Tim Westgate, audit partner at Purvis Gray, presented the audit results. He confirmed that the audit met all state and federal requirements, including Florida Statutes and OMB regulations. Westgate reported: a clean opinion on the financial statements, no findings related to internal control or compliance, no noncompliance with investment statute 218.415, and a clean management letter. The single audit (federal and state grants) also received an unmodified opinion. Westgate commended the city's finance team for cooperation and noted that a new accounting standard (GASB 103) will require additional disclosures in the next fiscal year, including variance explanations between budget and actual.
  • Governance Letter to Council (Item 4d): The committee acknowledged the governance letter, which includes communications required between the auditor and the audit committee. No additional discussion occurred.

Key Outcomes

  • Unanimous approval of the May 6, 2025 meeting minutes.
  • Receipt and acceptance of the ACFR for FY 2025 and the independent auditor’s presentation.
  • Acknowledgement of the clean audit opinion, zero management comments, and continued GFOA award eligibility.
  • No public comments were made during the meeting.

Meeting Transcript

Can you make it? Are we over that? Good afternoon. It is now 3 30 p.m. on Tuesday, May 5th, and the meeting of the O'Killo Audit Committee is called to order. Clerk, please call the roll. Mr. Marciano. Here. Mr. Hilti. Mr. Mansfield. Mr. Mesley. Here. Ms. Dryer. Here. Mr. Bethay. Here. The clerk will provide the public notice for this evening meeting. Yes, the May 5th, 2026 audit committee was publicly noticed on April 9th, 2026 on the City of O'Callis website. Thank you. You need me to move these. So moved. Second. Thanks. Is there any public comment on this matter? The clerk would call the role. Ms. Dreyer. Aye. Mr. Mesley. Aye. Mr. Hillte. Aye. Mr. Mansfield. Hi. Mr. Bethay. Aye. Item 4B is a presentation of the annual comprehensive financial report for fiscal year in the May September 30th, 2025. The present presentation is by Director of Finance and Consumer Services, Peter Breel. Good afternoon, Council. Happy Cinco de Mayo.

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