DATE: May 5, 2025
TO: Mayor and Members of the City Council President and Members of the Estero Municipal Improvement District (EMID) Board of Directors
VIA: Stefan Chatwin, City/District Manager
FROM: Nate Cruz, Finance Director
Waqas Hassan, Assistant Finance Director
DEPARTMENT: Finance
SUBJECT: AUDIT COMMITTEE'S 2024 YEAR END REPORT, REVIEW OF MISSION STATEMENT, AND GOALS FOR 2025
RECOMMENDATION
It is recommended that the City Council/EMID Board of Directors, by Minute Order, review and accept the Audit Committee’s 2024 Year End Report, Mission Statement, and Goals for 2025.
EXECUTIVE SUMMARY
It is recommended that the City Council/EMID Board of Directors, by Minute Order, review and accept the Audit Committee’s 2024 Year End Report, Mission Statement, and Goals for 2025.
BACKGROUND
The Audit Committee has prepared a written Year-End Report for 2024, as well as Goals for 2025 and reviewed its Mission Statement for the City Council/EMID Board’s review and acceptance.
ANALYSIS
Pursuant to Minute Order No. 802, each citizen advisory committee shall prepare a written year-end report, review its mission statement, and prepare a written annual goals/work program for the upcoming year for presentation to the City Council at a City Council meeting in the first quarter of each calendar year.
The Audit Committee’s Mission Statement for 2025 is unchanged from 2024 and is as follows: To provide insights, advice and support into audit, governance, and other relevant fiscal matters appropriate to the oversight, operational and fiduciary responsibilities of the City Council and the EMID Board of Directors.
The current members of the Audit Committee are in the third year of its 3-year term. In Calendar Year 2025, the Committee shall continue to seek input and requests for areas of interest to work on from the City Council. In Calendar Year 2025, the Committee shall review the year’s annual audit process and the City’s draft financial statements for fiscal year ending 2025, and recommend to the City Council/EMID Board if a directed study should be performed by the Independent Auditors ancillary to their audit.
It is recommended that the City Council/EMID Board, by Minute Order, review and accept the Audit Committee’s 2024 Year End Report, Mission Statement, and Goals for 2025.
California Environmental Quality Act
Not Applicable
FISCAL IMPACT
There is no fiscal impact for this item.
CITY COUNCIL VISION, MISSION, AND VALUE/PRIORITY AREA
City Council Operations and Improved Community Engagement ATTACHMENTS:
Attachment 1 – Audit Committee 2024 Year-End Report, Mission Statement, and Goals for 2025