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03-22-2011 -Special CITY OF EDGEWATER POLICE OFFICERS' PENSION BOARD OF TRUSTEES SPECIAL MEETING CITY HALL CONFERENCE ROOM 104 N. Riverside Drive, Edgewater, Florida 32132 Tuesday, March 22, 2011 9:00 a.m. Pursuant to Chapter 286, F.S., if an individual decides to appeal any decision made with respect to any matter considered at a meeting or hearing, that individual will need a record of the proceedings and will need to insure that a verbatim record of the proceedings is made. In accordance with the Americans with Disabilities Act, persons needing assistance to participate in any of these proceedings should contact City Clerk Bonnie Wenzel, 386- 424 -2400 Ext# 1101, prior to the meeting. I. CALL TO ORDER II. ROLL CALL/DETERMINATION OF A QUORUM III. Discussion: City's audit of pension plan IV. STAFF REPORTS, DISCUSSION, AND ACTION V. TRUSTEES' REPORTS, DISCUSSION, AND ACTION VI. REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT VU. ADJOURNMENT CITY OF EDGEWATER, FLORIDA INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED -UPON PROCEDURES JAMES MOORH (Sz. CO., P.L. CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED -UPON PROCEDURES To the Finance Director, Management, and Pension Trust Fund's Board of Directors of the City of Edgewater, Florida: We have performed the procedures enumerated below, which were agreed to by City of Edgewater, Florida, solely to assist you with respect to the administrative expenses of the general employees', Police officers' and firefighters' pension trusts funds for the year ended September 30, 2010. The pension trust fund's board of directors and management of the City of Edgewater, Florida are responsible for the administrative expenses of the pension trusts funds. This agreed -upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. Our procedures, findings and recommendations are listed below: 1. Compare the amount, payee or vendor, date, and description to the vendor's invoice, as appropriate. No findings noted for general employees', police officers', and firefighters' 2. Determine that the transaction was properly recorded as to account and fund category. a) Per review of the related credit card statements, we noted several members of the Police Pension Board attended multiple conferences during the Plan year, often attending the same conference at the same time. Per discussion with management of the City, attendance by one or two Board members to one conference annually would be considered sufficient for purposes of governance of the Plan. Conference Location Dates Attendees Total Cost FFPTA Bonita Springs, FL 10/4/09 - 10/7/09 Conroy, Blazi, Leaf $ 2,223 NAPO Las Vegas, NV 2/7/10 - 2/11/10 Conroy, Leaf 4,201 FFPTA Naples, FL 6/27/10 - 6/30/10 Blazi 1,623 FFPTA Palm Beach, FL 9/26/10 - 9/29/10 Conroy, Blazi, Leaf 3,366 $ 11,413 b) A rental car was obtained by Conroy on 4/30/10 and returned the same day, at a cost of $380. We are not able to determine the purpose of this transaction based on the evidence obtained. Per review of his timecard for 4/30/10, Conroy recorded 8.4 hours to criminal investigations and 6 hours to patrol. c) Two of the above conference attendees, Conroy and Blazi, are also employees of the City. Per review of their timecards for the periods of attendance, we noted the following: - 1 - • Conroy recorded sick leave of 8.4 hours per day 10/5/09- 10/7/09. No time was recorded for 10/4/09, which was a Sunday. • Conroy recorded 8.4 hours per day to "NAPO Conference" 2/8/10- 2/11/10. No time was recorded for 2/7/10, which was a Sunday. • Conroy recorded vacation time of 12 hours per day 9/27/10 - 9/28/10. No time was recorded for 9/26/10, which was a Sunday, or 9/29/10, a Wednesday. • Blazi recorded 12 hours per day to "Pension School" 10/4/09 - 10/6/09. No time was recorded for 10/7/09, a Wednesday. • Blazi recorded 8.4 hours per day to "Training Conference" 6/28/10 - 6/30/10. No time was recorded for 6/27/10, which was a Sunday. • Blazi recorded 8.4 hours per day of personal leave time 9/27/10- 9/28/10 and 8.4 hours to criminal investigations 9/29/10. No time was recorded for 9/26/10, which was a Sunday. d) No findings noted for general employees' and firefighters'. 3. Determine the transaction was properly authorized and in compliance with legal requirements and established policies and procedures. We noted multiple expenditures made by the Police Pension Plan were for payment of an American Express card that was used to pay for travel and registration fees related to attendance at the above noted conferences. We noted the City's purchasing policy (Ordinance 2009R -18) does not require travel expense reports to be submitted. Furthermore, the policy allows for a "field purchase order" (FPO) for items up to $2,500, including travel expense reimbursements and competitive quotes are not required at this level. According to City management, FPO's do not have to be routed through the Finance Department. No findings noted for general employees' and police officers'. We recommend travel expense reports be obtained with corresponding receipts for all travel expenses. 4. Determine that the transaction was approved by the pension board and documented in the minutes. a) Per review of the documentation provided to us, we noted approvals of expenditures in the Firefighter's Pension Plan are not documented in the minutes. b) No findings noted for general employees' and police officers'. We were not engaged to, and did not, conduct an audit, the objective of which would be the expression of an opinion on the administrative expenses of the pension trusts funds. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. Pursuant to Chapter 119, Florida Statutes, this management letter is a public record and its distribution is not limited. Auditing standards generally accepted in the United States of America require us to indicate that this management letter is intended solely for the information and use of the Finance Director, Management, and Pension Trust Fund Board of Directors of the City of Edgewater, Florida and is not intended to be and should not be used by anyone other than these specified parties. / Daytona Beach, Florida February 17, 2011 -2-