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2. EMPOWERMENT ZONE AUDIT REPORT <br /> <br />Mr. Hem'y Mendoza, representing Mendoza, Berger Company, LLP, presented an <br />overview of the financial statements for the period ending June 30, 2000. Director <br />Hemandez noted that the figures listed in the Management and General column were <br />misleading and that a footnote was needed on page five of the report explaining the <br />mounts listed. <br /> <br />Motion by Ream, seconded by Cong to approve the audit report as amended to include <br />a footnote on page 5 was adopted by the following vote: Ayes: (15); Noes: (0); Absent: <br />Davis, Garza, Leaman, Magdalena, Martinez, Mijares, Sanchez-Valentine (7) <br /> <br />COMMENTS <br /> <br />1. PUBLIC COMMENTS - None <br /> <br />2 <br /> <br />BOARD MEMBER COMMENTS <br /> <br />Director Cibrian <br />· Asked staff to provide an organization chart and an estimate of staff time spent on <br /> Empowerment Zone activities <br />· Further asked staff to provide periodic reports on the status of the administration <br /> budget <br />· Asked that the City's Finance Director present a quarterly report to the Board on <br /> the status of expenditures and obligations <br /> <br />Director Brewster <br />· Noted that in-kind services provided to the Board should be reflected in quarterly <br /> financial reports <br /> <br />NEXT MEETING - January 24, 2001 <br /> <br />ADJOURNMENT - 7:40 P.M. <br /> <br />Patnc~a E. Healy <br />Secretary ~ <br /> <br />SAEC MINUTES 52 NOVEMBER 15, 2000 <br /> <br /> <br />