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AC 5.31.23Page 1 City of Cupertino Audit Committee Special Meeting Minutes May 31, 2023 CALL TO ORDER At 4:03 p.m., Vice Chair Mohan called the regular meeting to order in the City of Cupertino Conference Room A, 10300 Torre Avenue and via teleconference. ROLL CALL Committee Members Present: Vice Chair Sheila Mohan, Committee member J.R. Fruen, Committee member Laura Hammer City Staff Present: Kristina Alfaro, Thomas Leung, Janet Liang Matt Morley, Jonathan Orozco Absent: Chair Angela Chen, Committee member Sophie Song Guests: ORDERS OF THE DAY POSTPONEMENTS ORAL COMMUNICATIONS Rhoda Fry made comments. NEW BUSINESS 1. External Auditor Selection Subcommittee Report on City of Cupertino Auditor Selection Orozco provided an overview of the report. Committee member Hammer inquired about the grading. Orozco noted the top three were closely grouped together and the following four had a gap. Committee member Hammer inquired if the interviews helped to make a final decision. Orozco noted that Maze & Associates came in a close second but collectively the Pun Group was the best option. Committee member Hammer inquired if the Pun Group fees were similar across the groups. Orozco noted that their fees were in the middle of the top three. Rhoda Fry made comments. Committee member Fruen motioned, Committee member Hammer seconded. The motion passed with Chair Chen and Committee member Song absent. 2. Consider retaining the City’s Internal Auditor, Moss Adams, LLP for an additional three- year term and forward to City Council for approval. Orozco provided an overview of the report. Rhoda Fry made comments. Committee member Hammer motioned, Committee member Fruen seconded. The motion passed with Chair Chen and Committee member Song absent. STAFF AND COMMITTEE REPORTS Page 2 COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS Staff noted that they will reach out to Chair Chen to see if she would attend the June 14, 2023 Mayor’s Commissioners meeting. Vice Chair Mohan noted her availability if Chair Chen is absent. FUTURE AGENDA SETTING ADJOURNMENT The meeting adjourned at 4:27 p.m. Recording Secretary: Janet Liang, Management Analyst