I'm calling this meeting to order.

This is a meeting of the Finance Administration and Communications Committee of the Whole of the Redmond City Council commencing at 4 30 p.m.

on Tuesday, December 9th, 2025.

Council members in attendance are Councilmember Anderson, Councilmember Nueva Camina, Council Vice President Forsyth, Councilmember Stewart, and online we have Councilmember Fields and myself, Council President Critzer, a presiding officer for this meeting.

Since Councilmember Fields is online, so I'll just be cheering today, but um want to recognize his service as chair for the past four years of the finance administration and communications committee.

Um thank you, Councilmember Fields, for your leadership there.

Um on our agenda, we have um actually I'm gonna count how many items.

Um we have nine items on our agenda, one of which is read-only.

The first item on our agenda is the 2023 financial audit exit conference.

And um I will turn it over to our deputy finance director, Haretha Nara to introduce this item and welcome our auditors who are also here online.

Thank you.

Um I'm happy to be here on this gloomy rainy day.

Um so we have here um we are here to introduce our uh our audit finance team auditors who are gonna do our 2023 audit exit conference.

And uh we are here with uh before I hand it over to Nita Hermoso, who is our financial uh accounting manager.

I would like to take this opportunity to recognize Nita's leadership on managing and leading the whole accounting team who are also here.

I would like everyone to stand up to so that council can see all of you.

So they have worked really hard to uh complete this 2023 uh audit and really appreciate all their hard work.

So thank you.

And I'll hand it over to Nita to introduce what uh auditors are going to present and hand it over to auditors after that.

Thank you.

Thank you, Haretha.

Um, so tonight we have uh Angela, Haji, and uh Priscilla to go over the 2023 exit conference, uh exit audit conference.

All right, thank you.

Good evening, everybody.

So, yes, so we're here today to share the results of the city's uh most recent audits.

My name's Haji Adams.

I'm the audit manager.

I'm with Priscilla Wong, who was the supervisor on the audit, and then Angela Funamori, who is the audit lead.

And then the presentation today is going to be a summary of the auto results and to supplement that presentation.

We have provided a packet of information that includes copies of the draft auto report that will be issued in the exit conference agenda uh for today as well.

All right.

So one of the most important things about audits is their role in increasing trust in your city.

So an audit lets you staff and others, such as the public, know if areas operations are working properly, or if there's any improvements that can be made in the areas that are reviewed and examined.

And also having that third-party independent audits important, it increases the public's trust uh that the information presented by the city can be relied upon.

It also gives you all assurance that the numbers present in the financial statements are accurate and can be relied upon as well.

And then also that the city is in compliance with state laws, rules, regulations, your own policies and procedures, and also safeguarding a public resources.

And the results are made available to the public and published on our website.

And last but not least, um, audits are designed to help you improve um operations.

So if there are any auto recommendations, they're made to assist the city and continue to improve its effectiveness and efficiency as well of its operations.

So with that, I'll hand it over to Angela to go over the results.

Thank you, Haji.

Uh so as Haji mentioned, we conducted a financial audit covering the period of January 1st, 2023 through December 31st of 23.

So the objective of a financial statement audit is to issue an opinion as to whether the information included in the financial statements can be relied upon to make decisions.

So we are pleased to report that we are issuing an unmodified clean audit opinion on the city's financial statements.

This is the opinion you want to receive and provides assurance that the financial statements are stated fairly and materially correct.

Additionally, our audits are conducted in accordance with government auditing standards.

Those standards require that we review the city's fine city's internal controls and compliance over financial reporting.

So we reported no significant deficiencies in the city's internal controls.

We identified no deficiencies that we consider to be material weaknesses.

And further, we noted no instances of noncompliance that were material to the financial statements to the city.

So in relation to the financial audit, professional audit standards require that we share with you whether there were material or large misstatements that were identified and subsequently corrected by management.

So we are pleased to report there were no material misstatements identified during the course of the audit.

So please note that we have concluded these items as immaterial and does not affect the overall opinion being issued on the city's financials.

So in wrapping up the financial audit results, audit standards require auditors to evaluate the possibility that management may be able to circumvent certain controls.

So we are pleased to share with you that our evaluation showed no instances or possibilities where controls were circumvented.

So next, we conducted a federal grant compliance or single audit for the period of January 1st, 2023 through December 31st of 23.

We are pleased to report that we are issuing an unmodified clean audit opinion on the city's compliance with federal grant requirements.

This is the opinion you want to receive and provides assurance that the funds were expended in accordance with our intended purpose and all requirements have been largely followed.

Our audits are conducted in accordance with government auditing standards and uniform guidance.

Those standards require that we review the city's internal controls and compliance over major programs.