Heritage Bay Minutes 10/22/2020 MINUTES OF AUDIT COMMITTEE MEETING
HERITAGE BAY
COMMUNITY DEVELOPMENT DISTRICT
The Audit Committee meeting of the Heritage Bay Community Development District was
held on Thursday, October 22, 2020 at 9:00 a.m. telephonically via zoom.
Present and constituting a quorum were:
Jack Arcurie Assistant Secretary
Donna Hunter Assistant Secretary
Dennis Gagne Assistant Secretary
Allen Soucie Assistant Secretary
Also present were:
Justin Faircloth District Manager
The following is a summary of the actions taken at the October 22, 2020 Heritage Bay
Community Development District's Audit Committee meeting.
FIRST ORDER OF BUSINESS Call to Order
Mr. Faircloth called the meeting to order and called the roll. A quorum was established.
SECOND ORDER OF BUSINESS Audit Committee Selection of Auditor
A. Review of Audit Firm Proposals
• Proposals were received from Carr, Riggs & Ingram; Berger, Toombs, Elam, Gaines &
Frank; Frank and McDirmit Davis; and Grau &Associates.
• It was noted that the District Manager did not receive flash drives with digital copies of the
proposals as requested from Carr, Riggs & Ingram or Frank and McDirmit Davis.
• The Committee agreed to consider all proposals received.
• Discussion ensued with regard to the proposals.
• Questions and comments were addressed.
B. Ranking of Audit Proposals for FY 2020
• Committee members provided their rankings with the following point totals received:
➢ Grau &Associates—373
➢ Frank and McDirmit Davis—368
➢ Berger, Toombs, Elam, Gaines &Frank—345
October 22, 2020 Heritage Bay CDD
➢ Carr, Riggs & Ingram- 322
On MOTION by Mr. Arcurie seconded by Ms. Hunter with Mr.
Arcurie, Ms. Hunter and Mr. Soucie in favor and Mr. Gagne
opposed to recommend to the Board at the November 5, 2020 ,
meeting that they enter into an agreement with Grau to remain the
audit firm for the District was approved.
THIRD ORDER OF BUSINESS Audience Comments
• None.
FOURTH ORDER OF BUSINESS Adjournment
There being no further business,
On MOTION by Mr. Arcurie seconded by Mr. Gagne with all in
Lfavor the meeting was adjourned at 9:52 a.m.
stin Faircloth Edwin Hubbard
Secretary Chairman
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