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Meeting Minutes <br /> March 17, 2005 <br /> Town of Los Altos Hills <br /> City Council Special Meeting <br /> Thursday,March 17, 2005 5:00 P.M. <br /> Bullis School Multi-Purpose Room, 25890 Fremont Road <br /> 1. CALL TO ORDER, ROLL CALL, AND PLEDGE OF ALLEGIANCE <br /> Mayor Mike O'Malley called the Special Meeting of the City Council to order at 5:00 <br /> p.m. in the Bullis School Multi-Purpose Room at Town Hall Temporary Offices. <br /> Present: Mayor Mike O'Malley, Mayor Pro Tem Breene Kerr, Councilmember <br /> Craig A.T. Jones, Councilmember Jean Mordo and Councilmember Dean <br /> Warshawsky <br /> Absent: None <br /> Staff: City Manager Maureen Cassingham, Administrative Services Director <br /> Sarah Joiner, Accountant/Office Manager Cindy Higby and City Clerk <br /> • Karen Jost <br /> Committee: Finance and Investment Committee Members Lalla Stark(Chair),Frank <br /> Lloyd and R. Douglas Norby <br /> 2. STUDY SESSION WITH THE FINANCE AND INVESTMENT COMMITTEE <br /> AND A.J. MAJOR, VAVRINEK, TRINE,DAY&CO. <br /> 2. 1 PRESENTATION OF COMPREHENSIVE ANNUAL FINANCIAL <br /> REPORT FOR FISCAL YEAR 2003-2004 <br /> A.J. Major, III, Vavrinek, Trine, Day & Co., LLP introduced himself and spoke briefly <br /> about his company and their obligations and duties as the Town auditors. He reviewed <br /> the Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2004 <br /> with Council and the Committee and noted that based upon their audit, there was a <br /> reasonable basis for an unqualified opinion that the Town's financial statements for the <br /> year ended June 30, 2004 were fairly presented in conformity with generally accepted <br /> accounting principles. The auditor's letter was included in the financial section of the <br /> report. Major summarized the three components of the report that included: the <br /> introduction, financial section and statistical section. He explained that the introduction <br /> and statistical sections were not required but provided excellent background information. <br /> Major extended congratulations to Administrative Services Director Sarah Joiner and <br /> J <br /> Accountant/Office Manager Cindy Higby for the recognition and awards they had <br /> received from the California Society of Municipal Finance Officers and the Government <br /> Finance Officers Association of the United States and Canada for the CAFR. <br /> 1 <br /> City Council Special Meeting Minutes <br /> March 17,2005 <br />