Financial Oversight and Audit Committee 6/18/2026

The City of El Paso's Financial Oversight and Audit Committee convened on June 18, 2026, to discuss several key audit and internal control matters. The committee approved updates to the Internal Audit Charter, which included aligning with updated professional standards, enhancing risk assessment frameworks using PESTLE and internal control methodologies, and reinforcing transparency and accountability measures. The committee also received a third-quarter update on the fiscal year 2025-2026 audit plan, highlighting completed and in-progress audits, including vendor contract engagements for sales tax discovery and plans to implement an electronic audit solution to improve efficiency. Additionally, the committee reviewed and accepted the follow-up audit results for the El Paso International Airport's accounts payable processes, noting improvements in invoice approvals and payment timeliness, while acknowledging ongoing issues with invoice receipt date recording. The meeting included motions to approve the charter updates and accept the airport audit report for forwarding to city council, emphasizing the committee's role in strengthening governance and safeguarding public resources.