DocuSign Envelope ID: AF43D8628041725A65A.970556759858  City of Denton May 28, 2021  Audit/Finance Committee Minutes  After determining that a quorum is present, the Audit/Finance Committee oft the City ofl Denton, Texas, will convene in a Regular Meeting on Friday, May 28, 2021, at 1:04 p.m. in the Council NOTE: This Committee was dissolved on September 28, 2021, therefore there are no official minutes oft this meeting. Staff, however, has prepared these informal minutes to reflect activity  Work Session Room at City Hall, 215 E. McKinney Street, Denton, Texas.  at the meeting.  PRESENT: Vice Chair Meltzer, Council Member Armintor  ABSENT: None  Note: The Committee Members present participated in the Regular meeting via videofteleconference under provisions allowed by the Texas Government Code Section  551.127.  1. ITEMS FOR CONSIDERATION  A. AF21-018 Receive nominations and hold an election of a Chair and Vice-Chair. Committee gave direction to postpone this item until the Committee was fully constituted.  B. AF21-017 Consider approval of the minutes for March 19,2021.  Councilmember Armintor motioned approval oft the minutes. Vice Chair Meltzer seconded the  motion. Motion carried. 2-0.  AYES (2): Vice Chair Meltzer, and Councilmember Armintor  NAYS (0):  C. AF21-021 Hold a discussion and consider adoption of the 2021 meeting schedule. Vice Chair Meltzer moved to delay the discussion and adoption of the 2021 calendar until the Committee was fully constituted. Councilmember Armintor seconded the motion. Motion  carried 2-0. NAYS (0):  AYES (2): Vice Chair Meltzer, and Councilmember Armintor  D. AF21-019 Receive a report, hold a discussion, and give staff direction regarding  proposals for credit/debit card processing services (RFP #7436).    DocuSign Envelope ID: AFD8629004175A665A.90656759858  Thei item was presented, and discussion followed. No needed follow-up by staffwas requested. E. AF21-016 Receive a report, hold a discussion, and give staff direction regarding the Internal Audit Department's Fiscal Year 2020-21 Second Quarter Report. The item was presented, and discussion followed. The Committee directed Internal Audit to present additional information to council regarding audit consultant contingency fundingi in the fiscal year 2021-22 budget. The Committee generally approved of the remaining budget initiatives including budgeting expenses for an Internal Audit Department peer review, audit  staffcertification support, and an audit intern program.  F. AF21-022 Management Report The item was presented.  1. Capital Projects Funding Sources  Councilmember Armintor motioned approval of the completion and closure of audit project  015. Vice Chair Meltzer seconded the motion. Motion carried 3-0. AYES (3): Chair Ryan, Vice Chair Meltzer, and Councilmember Armintor  NAYS (0):  With no further business meeting adjourned at 1:38 p.m.  DocuSigned! by: Taummy Peal 76A9414E7BD44F7.. TAMMY PEAL RECORDING SECRETARY  DocuSignedby:  PAUL MELTZER IAAN COMMITTEE VICEGHAsa.