AGENDA CAPTION:
Title
Received a presentation from Deliotte and Touche, LLP on the CDBG-DR Risk Assessment and Internal Audit and Monitoring Plan.
Body
Meeting date: September 19, 2017
Department: Finance-Heather Hurlbert, Finance Director/CDBG-Stacy Brown, Housing and Community Development Manager
Funds Required:
Account Number:
Funds Available:
Account Name:
CITY COUNCIL GOAL:
COMPREHENSIVE PLAN ELEMENT(s): [add the Plan elements and Goal # and Objective(s)]
BACKGROUND:
The City contracted with Deliotte and Touche, LLP to perform the internal audit function in relation to the CDBG-DR funds that were granted to the City for flood recovery. Deliotte has worked with staff to assess areas of risk and test the identified areas. Per HUD requirements, the results of the risk assessments must be communicated to the Finance and Audit Committee and the City Council as the governing body. This report was presented to the Finance and Audit Committee on September 19, 2017. In addition to the periodic risk reporting, Deloitte and Touche, LLP as the internal auditors, are required by HUD to make annual presentations to the governing body for the duration of the granting period.
The Risk Assessment along with other work products of the contract are available on the www.smtxfloodrecovery <http://www.smtxfloodrecovery>.com website.