City Council Business Meeting on 2023-11-27 5:00 PM

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Charlotte City Council 2h 15m 3 speakers 8 agenda items transcribed 3 days ago official recording ↗

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What items were included in the consent agenda and were they approved?

Vi Lyles 0:00

This meeting. Tonight we have on our um agenda review the year-in 2023 year-in audit that's going to be presented by our finance team and the 2024 council calendar, which is going to be presented by our city clerk. Before we do that, let's ask Ms. Harris um if she has anything that she needs to share with us on the consent item. Items the information that I have is that several of the property transactions have been resolved and settled and so items thirty-six, thirty and thirty-seven Do no longer have require adoption.

L. Waters (Watlington) 0:39

And th I believe it's thirty-five, thirty-six, and thirty seven. Thirty

Vi Lyles 0:42

five and thirty six and thirty-seven. You're right. I did circle thirty-five. I just didn't say it. All right. So thirty five, thirty six, and thirty seven. Are there any other questions for Miss Harris? Miss Johnson? Thank you, Madam Mayor. I just want a clarification on those items. Are they resolved or are they deferred until a later me later meeting?

L. Waters (Watlington) 1:07

So they're in reaching um agreement with the develop I'm sorry, the property owner. This is the same property owner for all three of those and they're hoping to come back to you in the eleventh as a uh acquisition or they'll be settled and not have to come back. But we're we're not a hundred percent sure, but that's why the staff pulled them saying that they were settling them.

Vi Lyles 1:27

I spoke to Angela Charles earlier about them because they're in district four, so I just I wanted some clarification. Okay. Thank you. Yes, ma'am, thank you. Hearing any other discussion or question? May I have a motion to approve the consent agenda items seventeen seventeen through forty nine with thirty-five, thirty-six and thirty-seven that have been settled. So moved. Second. I have a motion and a second. All in favor, we've already had discussion. All in favor, please raise your hand. All right, that's everyone present. Thank you very much very for that. So the next item on our agenda is the action is the audit. I'll add ask the city manager to um introduce. The overview.

Marcus Jones 2:12

So thank you, M mayor and members of council. Uh normally we would have the uh audit executive summary at the uh budget committee meeting. Um so um because we don't have any more budget uh committee meetings for the year and we're required to bring this before uh the body, we're having our CFO Teresa Smith uh introduce our guests and this would uh fulfill the requirement of having the discussion about the FY uh twenty three audit. Um in front of the council. So thank you. Mayor, if there are any questions I'd like to turn it over to Theresa.

Vi Lyles 2:47

Hi. Good to see you. Yes. I hope you had a good holiday.

Teresa Smith 2:50

I did, thank you. I hope you did as well. Uh again, my name is Teresa Smith. I am the CFO in the finance department. I appreciate the opportunity to be here with you today to present the FY23 year-end financial audit results. Uh I do have two people with me. I have Betty Matos, who is our chief accountant in the finance department. I also have uh Daniel Goggerty, who is a director with Cherry Beckert. And uh Mr. Gogarty is going to be presenting the results to you. of the audit. Uh you may recall that North Carolina general statutes require that the city have an external annual audit of our financial statements and that the local government commission also requires that those results are presented to you on a timely basis.

Teresa Smith 3:40

So Mr. Goggerty is here this afternoon to present those results and we'll be available for any questions that you have as we go along. So Dan, I will turn it over to you.

Daniel Goggerty 3:54

Thank you and good evening. So what we have here is um I'm gonna go through our PowerPoint slide of uh the results of the audit overall. So first um just want to uh let you all know so we'll go over first the results of the audit and then I'll go through some of the other required communications. There's a number of items in here that we're required to communicate each year. A lot of those haven't changed year to year, but we are um required to give you that every year. First off, we audited the financial statements in accordance with generally accepted auditing standards.