4/25/2013 FINANCE COMMITTEE Minutes

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Town of Mashpee 16 Great Neck Road North Mashpee, Massachusetts 02649 FINANCE COMMITTEE PUBLIC SESSION I eshpee Town Hall —Wqu it Meeting Room I April 25, 2013 — 6:30 PIVD Minutes of the Meeting of 4/25/2013 Board Members Pr s nt: Members Absent: Also Present: Charles air, Vice Chair George Schmidt, Chair Joyce Mason, Town Manager Mark Davinit Clerk Christopher Avis Tom Mayo, Asst. Town Mgr Oscar Ilenert Craig Dayan, Treasurer Theresa Cock Dawn Thayer, Accountant Sal DiBuono Matt Hunt, Sullivan & roger CALL TO ORDER Vice Chairman Charles Ga icr called the meeting to order at 6:30 PM. MOMENT Ei T F SILENCE Charles Gasior requested a moment of silence in recognition of all those injured, and filled in the recent Marathon bombing, and the West Texas factory explosion. PLEDGE OF ALLEGIANCE — Recited. REVIEW OF THE FOLLOWING MINUTES /18!2013 Joint B s/Finance Committee Meeting 3/21/2013 Finance Committee Meeting Mark Davini made a motion tbart the 3/18/2013 and 312112013 meeting minutes be approved as presented. Theresa Coale seconded the action. The motion was approved -- , 2 absent . NEW USIi ESS 0 Audit Report: Matt Hunt, Representative,entative, Sullivan & Rogers Auditing Firm Charles Ga icr welcomed Mr. Hunt to the Finance Commi tee meeting and, in turn, asked the Finance Committee members to introduce themselves to Mr. Hunt. Mr. Hunt presented the following agenda for the FY 2012 Audit report for the Town of la hp e: • Engagement Summary • Financial Statement Summary - Opinion -- Financial Highlights - Significant Footnotes Reports on Internal Control and Federal Awards Management Letter The Management letter included recommendations for the following: Library procedures, Abandoned property, Service Organization Controls, Escrow Accounts, Fisk Assessment and Monitoring, and Pension Accounting and Financial Reporting. Mr. Hunt onotud his reportby 1