HomeMy WebLinkAboutminutes audit.fina comm mtg MINUTES
CLAY COUNTY UTILITY AUTHORITY
AUDIT/FINANCE COMMITTEE MEETING
January 17,2023
The Audit/Finance Committee of the Board of Supervisors of the Clay County Utility Authority (CCUA) met in the
CCUA's Board Room at 3176 Old Jennings Road,Middleburg,Florida,on the above-stated date.
Item No. 1 —Call to Order
Committee Chairman Hodges called the meeting to order at 1:00 P.M.
Item No. 2—Roll Call
Committee Chairman Hodges and committee members Mr. McNees and Mr. Roark were in attendance. Chairman Davis
and Board members Mr. Gardella and Ms. Lebesch also attended the meeting.
Also present were Executive Director Jeremy Johnston, Chief Operations Officer Darryl Muse, Chief Financial Officer
Jeff Wesselman, Assistant Chief Financial Officer Karen Osbourn, Chief Human Resource Officer Kim Richardson,
Chief Engineer Paul Steinbrecher, Grady H. Williams,Jr., legal counsel to the CCUA and Zach Chalifour of James Moore
&Co. P.L.
Item No. 3—Discussion regarding the preparation of and the presentation of the 2021/2022 Fiscal Year Audit
�
Mr. Zach Chalifour reviewed the PowerPoint presentation prepared by his firm and the results of the 2021/2022 Fiscal
Year Audit. He briefly discussed with the Committee the firm's Independent Auditor's Report, new reporting
(71 requirements, and other schedules which were included in the Financial Statements.
0
Mr. Chalifour provided information and responded to various questions regarding the CCUA's debt ratio, restricted and
munrestricted cash flow, financial position as compared to other entities, and other financial matters.
Item No. 4—Committee Action
After discussion,Mr. McNees moved, seconded by Mr. Roark, and carried 3-0,to accept the 2021/2022 Fiscal Year Audit
for presentation to the Board at the January 17,2023,meeting.
Item No. 5—Public/Supervisor Comments
The members in attendance congratulated staff on a successful audit and thanked the team from James Moore & Co. P.L.
for their efforts.
Item No. 6—Adjournment
Committee Chairman Hodges adjourned the meeting at 1:27 P.M.
Dan Hodges,Committee Chairman
Janice Loudermilk,Recording Secretary
Audit/Finance Committee
Dan Hodges,Chairman
Chris McNees
Darrin Roark
January 17, 2023 Audit/Finance Committee Meeting