HomeMy WebLinkAboutOB 2 APPT AUDIT COMM 06-05-89OLD BUSINESS
NO. 2 ~ ·
TO:
FROM:
SUBJECT:
#ILLIAM A. HUSTON, CITY MANAGER
RONALD A. NAULT, DIRECTOR OF FINANCE
APPOINTMENT OF TWO NEW AUDI~ CONNITTEE NENBERS
RECOMMENDATION:
Appointments to the Audit Committee are at the Pleasure of the
City Council.
It is recommended that the Council set the term of appointments
as stipulated in Section 2 of ordinance 1022, by setting the term
of office of the two new appointees to be until the second
meeting in February of 1992, and setting the terms of office of
current Audit Committee members, Well, Sullens and Greinke 'to the
second meeting in February of 1993.
DISCUSSION:
After ~he Citj Council has appointed the two new Audit Committee
member~, it would be appropriate to set the terTM of all the
members by filling in the blanks in Section 2 of Ordinance 1022.
Terms of appointments are made at the Pleasure of the City
Council. Our recommendation is conviently base'd on the fact that
we have three sitting members and two new appointments.
Ronald A. Naulk~ ~
Director of F::.nance
RAN:ls
Attachments
AUDIT CONNITTEE APPLICANTS
Glen Weber
14432 ¢loverbrook Drive
Tustin, CA 92680
(714) 544-7023 home
(714) 640-5000 work
George Jeffries
14261Galy Street
Tustin, CA '92680
(714) 838-4187 home
(213) 974-2191 work
Luella Wagner -
16791 East Main Street
Tustin, CA 92680
(714) 547-2695 home
(714) 731-4041 work
Arnold J. Gaunt
17331 Village Drive
Tustin, CA 92680
(714) 838-0971 home
(714) 762-8220 work
Cheryl E. Gunderson
13592 Eucalyptus Street
Tustin, CA 92680
(714) 832-0643 home
(714) 777-3018 work
5/9/89
o.
OBJECTIVE
EDUCATION
17331 Village Drive
Tustin, CA 92680 ~/~4~O/~/~3fO
Home: (714) 838-0971
Work: (714). 762-8229 · ~)~'~o~. -
A pd-sition' on the' ~ity of Tustin Audit
Commi tree
University of California, Los Angeles
B.S. in Engineering -'
June, 1986
IIONORS
Summa Cum Laude, UCLA, 1986
Tau Beta Pi, National Engineering Honor
Society
Eta Kappa Nu, National Electrical Engineering
Honor Society
ADDITIONAL TRAINING Principles of Account. lng (two semesters)
0kange coast College
WORK EXPERIENCE
Member of the TechniCal Staff, II 7/86' 3/89
. Rock~ell International
Anaheim, CA
"INTErESTs
·
·
PERSONAL'
Lead Systems E~gineer for Missile Guidance
Control S~%/Missile Electronics and Computer
Assembly Acceptance Test Program.
%
· .
Fishing, huntihg, weig~lifting, skiing,
backpacking, koreign policy, reading,
language
Tustin resident since 1967
Attended Helen Estoc]¢, Columbus Tustin, and
Tustin High
Secret clearance from Department of Defense
!'c.ruol~al ,.~.~cl Puofcssional references ~¢ill be
furnished upon request
Agril 13, 1989
Mayor and M~. tubers of the
Tustin City Council
300 Centennial Way
Tustin, CA 92680
To Whom It May Concern:
The following letter is written in response to the
article that was placed in the Tustin News, April 13, 1989
for volunteers to serve on an independent Audit Committee.
As a citizen, I am very intereste~ in working for the City
of Tustin. I have lived in Tustin for over two years and
I have a strong desire to become an-'actiVe member in the '
~ommunity. .
My background includes four years of teaching and I am .
currently working.for the Law Offi6es of Paoli and Paoli, inc.,
located here in Tustin.
·
I hope you consider my applicatio.n and if there are any
questions, don't hesitate to call me. My home ~hone
number is (714)547-2695. My work number is (714)731-4041.
I look forward to hearing from you soon.
Sincerely,
: ,
Luella Wagner
16791 East Main Street
Tustin, CA 92680
April 20, 1989
REC.EIVED
APR 2 7 1989
ADMINISTRATION
..
Mayor and Council Members
City of Tustin
300 Centennial Way
Tustin, CA 92680
Dear Mayor and Councilmen:
I apply to serve on your Audit Committee,
· .
understan~Lng the
required three meetings per year and conflict of inte?est
statements.
Enclosed is a recent resume, which generally outlines my
background and potential qual%.fications for your
consideration. :~. ·
Enclosure
Very truly yours, '
o .
·
.' ./.i,,~'""' ,,f. ·
, ../ ...'~
.i" .George~ W. J~,,fr~e/s
GEORGE .W. JEFFRIE. S.
14261 Galy. Street
Tustin, 'CA 92680 ·
· ·
RESUME'
·
Telephones
Offi. ce: 213/974-2191.
Home: 714/838-4187
PERSONAL:
SUMMARY:
Born--State College, Pennsylvania
Height: 5' .11" Date of Birth: 3/'25/31
Weight: 175 Marital Status: Married
Health: Good Dependents: 1
·
25 years' experience in U. S. government,
agency, money market, corporate, and municipal
securities at Los Angeles County, Wells Fargo
Bank, Salomon Brothers, and Bank of .America.
WORK HISTORY:
1983 to Date
LOS ANGELES...COUNTY TREASURER; Cash Management
Officer and Chief Investment Officer. 1986
·
.
total compensatioh - $60,000. Direct in-house
investment of $'4 billion. Treasury and short-
term ERS funds. Develep and maintain credit
and investment quidelines2 Assist other
county and governmental units with investment
expertise. Manage staff of.four.
* Developed and organized bank and thrift
rating, program for California'public' agen-
cies.
* Consistently exceeded Donoghue's
Money-Market fund average for short-term
portfolio of Treasurer.
,
·
·
Re s ume '
GEORGE W. JEFFRIES
Page 2
...
* DevelOped system for evaluating credit,
·
liquidity, and tradability aspects of
investment securities for public
treasurers.
·
* Panelist on educationaI programs for 1984
· County Treasurers' Conventions.
WORK HISTORY:
1977 to 1983
WELLS FARGO BANK~ LOS ANGELES; Vice President
·
and Municipal' Sales Specialist. .1982 total
compensation--S86,000. Also covered institu-
tions for municipaSs and performed government
and money market sales to independent banks
and public funds.. ~
* 1982 sales oVer $1 billion, resulting in
sales credit of $395MM versus goal of
$340MM.
* Developed and maintained sales rela-
tionships with various governmental agen-
cies, such as Los Angeles. County, City, and
their several retirement systems; counti.es
of Orange, San Diego, Ventura, Riverside,
San'Bernardino, Santa Barbara, Kern, and
·
Imperial; dirges-of San Diego,. Lgng Beach,
Anaheim, Santa Aha, San Bernardino, and
Beverly'Hills.
·
Resume ~
GEORGE W. JEFFRI'ES
Page 3
WORK HISTORY
1966 to 1976
WORK HISTORY:
1956 to 1966
* Served as Southern California liaison for.
15 years with public treasurers.
·
·
S. ALOMON BROTHERS~ LOS ANGELES; Registered
Representative Municipal, Government, and
·
Money Market Specialist. t976 total
compensation--S51,000. Institutional sales to
public funds, insurance companies, banks,
savings and loans, and corporations, as well
as to pension and sinking funds.
·
·
* Developed institutional municipal orders
ranging to $10MM in bonds and $50MM in
notes.
· .
BANK OF.AMERICA, NT & SA, LOS ANGELES
HEADQUARTERS; Assistant Vice President and
Head of Southern Division Municipal Bond
Department and Assistant Head of Investment
Securities aivision. Municipal Bond and Note
Traderl 1962-65. Municipal Credit Analyst,
-,
1959-62. Special operations and lending
program, 1956'59..
·
'* Underwrote and traded municipal project
notes with commitments ranging to $500MM.
Resumew
GEORGE W. JEFFRIES
Page 4
* Analyzed, compiled and wrote credit repOrts
for bank municipal underwriting'and sales
o
and for' trust department reviews.
MILITARY SERVICE: Naval Reserve Officer; Gasoline Tanker
1952 to 1955
Executive officer and Navigator. .Service in
central Pacific, Aleutians, Korea, Japan, and
French Indo-China. Letter of commendation
received for special AEC mission.
LCDR-USNR-Retired.
* Wrote organization manual for ship type.
·
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EDUCATION:'
Graduate, Penn S~ate University, 1952; B. 'A.
·
~ommerce and Finance.
Additional courses in financial management, 60
hours of tax training, logistics, and econom-
ics of nati'onal security. American Institute
of Banking courses including:, credits and
collections, analyzing bank statements, bank
operations,' negotiable instruments, and 'busi-
ness law.
.Resume '
GEORGE W.. JEFFRIES
Page 5
ORGANI ZATIONS:
Member, Municipal BOna club of Los Angeie's,
15 years
Member, The Bond Club of Los Angeles
Associate member, county Treasurers
Association
Associate member, Municipal Finance Officers
Association
Associate member, California Municipal
Treasurers Association
'ACTIVITIES:
Trustee, Sheldon School District, 2 years
·
Orange County ~4aster Chorale, 10 y.ears
Commissioner,.Bobby Sox Softball
..
President, Tusti~ Area Sports Council
* Organized and served as president an~
· ..
,greatly increased community usage of
recrea'tional facilities through.working
with city and school district officials.
G. W. JEFFRIES
(213) 974-2191
· .
Trll~uror'$ OffiCe
County of Lo~. Angeles
500 W. Temple Street
437 Hall of Administration
Lo~ AflgoIeo,'CA 60012
14432 Cloverbrook Drive
Tustin, CA 92680'
April 24, 1989
May. or and Members'
of the City Counsel
· 300 Centennial Way
Tustin, CA 92680
Dear Mayor and Members.of the. City Counsel:
I am interested in serving the City of Tustin as a member
of the audit committee. As a concerned citizen of Tustin,
I am interested in seeing that the city is well served by
its external auditors. I believe that an effective audit '
committee requires members knowled§able about the services.
provided by eer~ified .public accountants. As a C.P.A., I
am familiar with the services provided by the C.P.A. firms
and the customary rate associated with these services. I
' have the abilityeto evaluate the .quality of the manaEement
letter and auditors' reports provided by the independent '
auditors to ensure they perform their service as required
by their engagement letter.
The firm at which I am 'employed, Kenneth Leventhal & Co.,
Certified Public Accountants, does not presently perform
any services for the City of Tustin. Therefore, I see no
potential conflicts of interest by serving on the audit
committee. Enclosed is my resume. I would be happy to
meet and .discuss my qualifications for the position with
the Mayor and Members of the City CounSel or their
representatives at your earliest convenience:
Very truly yours,
'~eber
enclosure
CHERYL E. GUNDERSON
13592 Eucalyptus Street
Tustin, California 92680
(714) 832-0643
May 3, 1989
Mayor and Members of the City Couricil
300 Centennial Way
Tustin, California 92680
· Dear Madam Mayor and Members of the City Council,
! would like to express my interest in applying for the Audit Committee.
i am a new resident of Tustin and am anxious to make a difference in the community in
which ! live· I have experience I' think would be Valuable to the committee, specifically
in. the areas of PUblic accounting, audits of local governments, auditor/client
relationships and analyzing financial statements. If there ever were an opportunity for
me to make that difference, this is it.
Currently ! am employed at the Yorba Linda Water District as the Business Manager.
My position is similar to a City Treasurer and-Financ~ DirectOr. I have been with the
Water District for over two years. Prior to thisl. I Was employed as an auditor.for a local
Certified Public Accounting firm that specializes in local government auditing. On the
client side, I have selec~d auditors, been audited., received management letters and
acted on the findings. As an Auditor, I performZed city audits, wrote opinions and
management letters. With this perspective of both client and auditor, I believe that I
~can provide some real insight to the Audit Committee and the City Council.
I am a member of the California Society of Municiple Finance Officers Association as
well as the Governmental Finance Officers Association and the California Municiple
Treasurers Association· I am familiar with the California Society of Municiple Finance.
Officers Association's Award Program for Cities Annual Financial Reports. This would
bo particularly useful in reviewing tl~e City's Financial Statements. ! am currently
working toward.becoming a Certified Public Accountantl In addition, i serve as the
Finance Committee Chair for the Sycamore Glen Homeowners Association and have
been nominated to sit on the Board as a director.
Thank you considering my application for the Audit Committee: I am confider~t 'that !
could serve the citizens of the City of Tustin well. Please contact me at the above
address arid phone number or during the day at (714)777-3018.
Sinc~ely, . . _ ·
Che~/~ 'Gund/~'bn .
· . 1
ORDINANCE NO '322 . '
:
.,
ORDINANCE FOR THE' CITY COUNCIL,
CI%"f OF'TUSTIN, C)%LIFORNIA, AMENDING
THE TUSTIN CITY CODE TO' ESTABLISH
THE AUDIT COMMITTEE '~'
The City Council of the City of Tus.tin Uoe~-~e~r~by
ordain as follows.=: x~,
1. The Tustin City Code is hereby amended by the '
addition thereto of.Part 4 of Chapter 5, Sections 1537 1538
and 1539, to read as follows- '
8 Par~ 4 AUDIT COMMITTEE
1537 ESTABLISHMENT OF THE AUDIT COMMITTEE
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The Audit Committee of the City of Tustin is
hereby established with composition, 3urisdiction,
duties, terms of office, compensation and other
characteristics as specified in this Part. The
Audit Committee shall perform duties of oversight,
review, investigation and reporting and shall
provide recommendations to the City Council on
matters of finance, investments and audit as shall
be prescribed by the City Council from time to
time. Compensation of the members of the Audit
Committee. shall be as pre'scribed by the City
Council~from time to time. .
1538 MEMBERS AND QUALIFICATIONS
· .
The Audit Committee shall consist of five (5)
members, four (4) of whom shall be registered
voters of the City during all time's they hold
office and one (1) who. shall' be a registered voter
within the area serged by the Tustin Water
Department. Provided, however that the persons
heretofore appointed to the Audit Committee may
continue to. serve without 'compliance with the
foregoing, so long as they comply with. the
conditions in 'effect at the time. of their
appointment.
-.
1539 A.PPOINTMENT AND TERMS
Members of the Audit Committee shall be'appointed'
by the City Council. Two (2). of the first
appointed members shall serve frOm'the time of
their appointment until the second regular meeting
of the City Council. in February, 1992, and three
(3) of-the first appointed members shall serve
from the time of their appointment until the
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Ordinance ~=_ 1027"
Page Two
second regular meeting of the City Council in
February, 1993. The term of each'of those offices
shall thereafter be for four (4) years, commencing
on the expiration date of each office as provided
hereinabove.
All members of the Audit Committee shall serve at
the pleasure of the City Council and may be
removed upon motion of the'City Council adopted by
at least three (3) affirmative votes. Ail members
of the Audit Committee shall serve until their
respective successors are appointed and qualified.
2. The following persons are hereby appointed as the first
.members of the Audit Committee'
to serve until the second regular
,'
meeting Of the City Council in February, 1992;
· to serve until the second regular
meeting of the City Council in February, 1992;
·
to se-~ve until the second regular
· ,
meeting of the City Council in February, 1993;
; to serve until the second regular
meeting of the City Council in February, 1993;
to serve until the second regular~
,
meeting of the City Council in February,~1993.
3. The com9ensation for each member of the Audit Committee
shall be Fifty Dollars ($50.00) for each meeting attended.
Compensation maya-be changed and/or deleted from time to time
by the City Council.
PASSED AND ADOPTED at a regular meeting of the City
Council, City of Tustin. California, held on the 20th
day of Ma~ch , 1989.
ATTEST '
City Cl~kk
MAYOR
·
'JGR-rr' R' 3/13/89(10a.sh) (1-5)
STATE OF CALIFORNIA )
COLrNTY OF ORANGE ) SS
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City
of Tustin, California, does hereby certify that the whole number of the
members of the City Council of the City of Tustin is five; that the above
and foregoing Ordinance No. ~022 was duly and regularly introduced and read
at a regular meeting of the City Council held on the 6th day of March, 1989,
and was given its second reading and. duly passed and adopted at a regular
meeting held on the ~0th day of March, 1989, by the following vote:
AYES :- COUNCILPERSONS:
NOES : COUNCILPERSONS:
'-"TAINED: COUNCILPERSONS:
ENT: COUNCILPERSONS:
Kennedy, Edgar, Kelly, HoeSterey, Prescott
None
None
None
MARY E. ~YNN, CItY CLERK
·
TO: WIL . HUSTON, CITY MANAGER
RONA~IRECTOR OF FINANCE
APPOINTMENT OF TWO NEW AUDIT COMMITTEE MEMBERS
FROM:
SUBJECT:
Ms. Luella Wagner called Friday, June 2 at 3 p.m. to ask that her
name be withdrawn for consideration for appointment to the Audit
Committee, as She will be moving out of the country.
RAN:is