HDC - Agenda 04-24-07•
Public Comment from the Audience:
• If you wish to address the Housing
Development Corporation, please
complete a Speaker Request Card, as it
must be handed to the Corporation
Secretary before the start of the meeting.
• The Housing Development Corporation
will hear public comments on matters not
listed on the agenda during the Public
Comments from the Audience period.
• Opportunity to address the Housing
Development Corporation (on non-
agenda items) is limited to 3 minutes per
speaker.
• The Housing Development Corporation
will hear public comments on items listed
on the agenda during discussion of the
matter and prior to a vote.
Brown Act:
Pursuant to provisions of the Brown Act, no
action may be taken on a matter unless it is
listed on the agenda, or unless certain
emergency or special circumstances exist.
The Housing Development Corporation may
direct staff to investigate and/or schedule
certain matters for consideration at a future
Housing Development Corporation meeting.
Americans with Disabilities Act:
In compliance with the ADA, if you need
special assistance to participate in this
meeting, please contact the City Clerk's office
at least 48 hours prior to the meeting to allow
the City to make reasonable arrangements to
ensure accessibility to the meeting or service.
Persons attending the meeting shall observe
rules of propriety, decorum, good conduct,
and refrain from impertinent or slanderous
remarks. Violation of this rule shall result in
such persons being barred from further
audience before the governing body.
This agenda was posted 72 hours in advance
of the meeting at the City Hall, 8838 E. Valley
Boulevard, Rosemead; the L.A. County
Library, Rosemead Branch, 8800 E. Valley
Boulevard, Rosemead; and other locations
pursuant to RMC Sec. 1.08.020
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Rosemead
-Housing
Development
Corporation
AGENDA
April 24, 2007
7:00 PM
City Hall Conference Room
8838 E. Valley Boulevard, Rosemead, California 91770
John Tran, President
John Nunez, Vice-President
Margaret Clark, Director
Polly Low, Director
Gary Taylor, Director
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ROSEMEAD HOUSING DEVELOPMENT CORPORATION April 24, 2007
CALL TO ORDER - 7:00 PM
PLEDGE OF ALLEGIANCE -Vice-President Nunez
INVOCATION - Director Low
ROLL CALL - Directors Clark, Low, Taylor, Vice-President Nunez, President Tran
1. PUBLIC COMMENTS FROM THE AUDIENCE
(Housing Development Corporation matters only)
2. CONSENT CALENDAR
A. Minutes
December 19, 2006 - Regular Meeting
B. Authorization to Seek Proposals for Audit Services
The California government Code requires that an independent audit of the City of
Rosemead's records, books, and inventories be conducted and a report issued thereon.
The City's current auditor McGladrey & Pullen has performed the audit for more than 20
years. The current contract ended after audit services for fiscal year ending June 30,
2006.
The City Manager has employed the services of a new Chief Financial Officer whose
objectives include improving'the reporting capabilities of the City of Rosemead. The
services provided by the independent auditor are to support the City's reporting function as
well as to provide ongoing technical support when necessary. The contracting of a new
independent auditor will facilitate the successful completion of the City's objectives.
Recommendation: That the City Council authorize the City Manager to seek proposals to
contract with a new public accounting firm to perform the annual audits of the financial
statements of the City of Rosemead, the Rosemead Community Development
Commission, and the Rosemead Housing Development Corporation. In addition, the
accounting firm will also perform the audit to satisfy the requirement imposed by the Single
Audit Act and the U.S. Office of Management and Budget (OMB Circular A-133).
C. Bank Signature Cards
The City of Rosemead requires several different bank accounts to efficiently operate its
financial matters. Authorized signers on the City's bank accounts include all
Councilmembers; City Clerk; City Manager; Assistant City Manager and Chief Financial
Officer. Banks require new signature cards to be completed upon any changes in the list
of authorized signers.
Recommendation: That the City Council authorize Chief Financial Officer, Lisa Pedote be
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ROSEMEAD HOUSING DEVELOPMENT CORPORATION April 24, 2007
named as a signer on the various City of Rosemead Bank Accounts, replacing the name of
the former Chief Financial Officer.
3. MATTERS FROM THE PRESIDENT & DIRECTORS
4. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF
5. ADJOURNMENT
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