2022-07-21 Ordinary Meeting Minutes

ORDINARY MEETING MINUTES                                                         21 JULY 2022


    Pauline Coles, Acting Finance Manager
    Sri Narasimhan, Queensland Audit Office
    Martin Luwinga, Queensland Audit Office
    Thomas Cook, KPMG
    Jillian Richards, KPMG

    APOLOGIES
    Cr Clare Stewart


    COMMITTEE RECOMMENDATIONS TO COUNCIL


    1    QUEENSLAND AUDIT OFFICE REPORT
         That Council note the Queensland Audit Office Briefing Note provided by the Queensland
         Audit Office (QAO) and KPMG to the Audit & Risk Committee meeting dated 24 June
         2022.


    2    2021-22 SHELL FINANCIAL STATEMENTS AND END OF FINANCIAL YEAR
         UPDATE
         That Council note the report by the Manager Financial Services (Acting) to the Audit &
         Risk Committee Meeting dated 24 June 2022 regarding Council’s progress preparing for
         the 2021/22 financial statements.


    3    FINANCIAL STATEMENT MATURITY MODEL TARGET LEVELS AND GAP
         ANALYSIS
         That Council note the report by the Manager Financial Services (Acting) to the Audit &
         Risk Committee Meeting dated 24 June 2022 regarding the assessment of target
         maturity levels for its Financial Statement Preparation Processes using QAO’s self-
         assessment tool.


    4    UPDATE ON SIGNIFICANT ACCOUNTING AND REPORTING ISSUES
         That Council note the report by the Manager Financial Services (Acting) to the Audit &
         Risk Committee Meeting dated 24 June 2022 providing an update on the progress
         towards completing outstanding audit action items as identified as part of the external
         audit process.



    Council Resolution
    Moved:             Cr Wegener
    Seconded:          Cr Stewart
    That the report of the Audit & Risk Committee dated 24 June 2022 be received and the
    recommendations therein be adopted.
                                                                   Carried unanimously.




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