MFP Committee Met as the Audit Committee to Discuss FY 2009 Audits

The Management and Fiscal Policy (MFP) Committee, Chaired by Councilmember Duchy Trachtenberg, met as the Audit Committee on April 8th at 1:30 pm in the 7th Floor Conference Room of the Council Office Building. The Committee session lasted 1 ½ hours and discussed the following topics:

• FY 2009 Audit of the County Employee’s Retirement System Plans
• FY 2009 Audit of the County Government Financial Statements
• FY 2009 Audit of the Fire and Rescue Corporations

Larry Dyckman, Manager for the Office of Internal Audit, and Tim Firestine, Chief Administrative Officer for the Executive Branch, discussed the consequences of the cuts to the Office’s FY2010 budget and the proposed reductions to the Office’s FY2011 budget. Moreover, they mentioned three audit reports in progress which include Compliance with County Wage Requirement Law report, Tuition Assistance Program report and the Countywide Risk Assessment report. The Committee also engaged in a rich discussion of the Audit of the Fire and Rescue Corporations. Councilmembers commented on ways to improve financial management activities of some of the corporations.

Please contact Laurie Mintzer Edberg, Director of Management and Fiscal Policy, at 240-777-7948 (direct dial) or at laurie.edberg@montgomerycountymd.gov with any questions regarding this MFP/Audit Committee session.