CITY OF WORCESTER | Finance Committee Meeting | Tuesday, March 31, 2015 | Esther Howland (South) Chamber | Convened: 7:40 P.M. | Adjourned: 7:51 P.M. |
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Mayor
Joseph M. Petty | 
www.worcesterma.gov |
Clerk of the City Council
David J. Rushford | Committee Members | | Chairperson Joseph M Petty | | Councilor Morris A Bergman | | Councilor Tony Economou |
| | Councilor Michael T Gaffney | | Councilor Konstantina B Lukes | | Councilor Philip P Palmieri | | Councilor Sarai Rivera | | Councilor Gary Rosen | | Councilor Frederick C Rushton | | Councilor George J Russell | | Councilor Kathleen M Toomey |
City Hall - 455 Main Street Worcester, Massachusetts | |
| Present Were: | All members present with the Mayor as Chair | | | | | Also: | City Manager Edward M. Augustus, Jr.
Chief Financial Officer Thomas F. Zidelis
City Auditor Robert V. Stearns
City Clerk David J. Rushford, clerk | | | |
| 1. | Communications of the City Auditor | |
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| | | 1a. | Transmitting unaudited financial reports on the budgetary basis for results of operations in fiscal 2014 for the General and Enterprise Funds (Schedules A through B). Also transmitting summaries of the activities in the Special Revenue, Capital Project and Trust Funds (Schedule C).
# 11b CC November 18, 2014 | Attachments | | | | | | | Matthew S. Hunt, CPA, Principal at CliftonLarsonAllen LLP was present to answer questions for the committee.
Placed on file | |
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| | | 1b. | Transmitting reports on compliance and internal controls received from the Certified Public Accounting firm of CliftonLarsenAllen, LLP for the year ended June 30, 2014 which include the GAO and OMB A-133 Reports and the Management Letter.
# 10a CC February 24, 2015 | Attachments | | | | | | | Placed on file | | | | | | | | Chairman's Orders | | | | Request City Manager provide to City Council with a report concerning oversight of monies given to the Mosaic Cultural Complex and how legitimate are the concerns addressed on the internet regarding this entity. (Lukes) | |
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| | | 1c. | Transmitting financial statements of the Worcester Redevelopment Authority (WRA) for the six month period ended December 31, 2014.
# 10b CM February 24, 2015 | Attachments | | | | | | | Placed on file | |
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| | | 1d. | Transmitting financial reports on a budgetary basis for results of operations for the General and Enterprise Funds (Schedules A through B) for the six months ended December 31, 2014.
# 10c CC February 24, 2015 | Attachments | | | | | | | Placed on file | |
| 2. | Communications of the City Manager | |
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| | | 2a. | Transmitting informational communication relative to the most recent actuarial valuation of the City's Other Post Employment Benefits (OPEB) as prepared by KMS Actuaries, LLC.
# 9.24B CM February 24, 2015 | Attachments | | | | | | | Recommend Hold | |
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| | | 2b. | Transmitting informational communication relative to the City's revenues through December for Fiscal Year 2015 per the City's Five Point Plan.
# 9.24A CM February 24, 2015 | Attachments | | | | | | | Recommend Hold | |
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| | | 2c. | Transmitting informational communication relative to the City's revenues through January for Fiscal Year 2015 per the City's Five Point Plan.
# 9.28A CM March 10, 2015 | Attachments | | | | | | | Recommend Hold | |
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| | | 3a. | ORDER of Councilor Michael T. Gaffney - Request City Manager consider amending the Five Point Financial Plan to require that any increases in local aid received from the Commonwealth be assigned to the Other Post Employment Benefit Trust Fund.
# 12b CC June 17, 2014 | Attachments | | | | | | | Recommend Hold | |
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