AC 07-22-2024 AgendaCITY OF CUPERTINO
AUDIT COMMITTEE
AGENDA
10185 North Stelling Road, Quinlan Conference Room
Monday, July 22, 2024
4:00 PM
Regular Meeting
Members of the public wishing to observe the meeting may do so in one of the following
ways:
1) Attend in person at Quinlan Community Center, 10185 North Stelling Road
2) The meeting will also be streamed live on and online at
https://youtube.com/@cupertinocitycommission
Members of the public wishing to comment on an item on the agenda may do so in the
following ways:
1) Appear in person at Quinlan Community Center.
2) E-mail comments by 3:00 p.m. on Monday, July 22 to the legislative body at
auditcommittee@cupertino.gov. These e-mail comments will also be posted to the City’s
website after the meeting.
Oral public comments may be made during the public comment period for each agenda
item.
ROLL CALL
ORDERS OF THE DAY
APPROVAL OF MINUTES
1.Subject: Approve Minutes of Special Meeting on June 24, 2024
Recommended Action: Approve Minutes of Special Meeting on June 24, 2024
A - Draft Minutes
POSTPONEMENTS
ORAL COMMUNICATIONS
This portion of the meeting is reserved for persons wishing to address the Committee on any matter
within the jurisdiction of the Committee and not on the agenda. Speakers are limited to three (3)
minutes. In most cases, State law will prohibit the Commission from making any decisions with respect
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Audit Committee Agenda July 22, 2024
to a matter not on the agenda.
OLD BUSINESS
NEW BUSINESS
2.Subject: INFORMATIONAL ITEM Receive the Internal Audit and Fraud, Waste, and
Abuse programs update
Recommended Action: Receive the Internal Audit and Fraud, Waste, and Abuse
programs update
Presenter: Moss Adams
4:15(10)
A - Internal Audit Status Report 07.15.24
3.Subject: INFORMATIONAL ITEM Receive OPEB & Pension Section 115 Trust
Performance Report for Quarter Ending June 30, 2024
Recommended Action: Receive OPEB & Pension Section 115 Trust Performance Report
for Quarter Ending June 30, 2024
Presenter: PARS and US Bank
4:25(15)
A - OPEB Pension Section 115 Trust Performance Report for Quarter Ending June 30 2024
4.Subject: INFORMATIONAL ITEM Receive the Treasurer's Investment Report for the
Quarter Ending June 30, 2024
Recommended Action: Receive the Treasurer's Investment Report for the Quarter
Ending June 30, 2024
Presenter: Jonathan Orozco, Finance Manager and Chandler
4:40(15)
Staff Report
A – Chandler Investment Report June 2024
B – Chandler Custodial Statement June 2024
C – PARS Pension and OPEB Account Statement June 2024
D – LAIF Account Statement June 2024
5.Subject: INFORMATIONAL ITEM Receive the proposed Audit Committee 2024
Schedule and Workplan
Recommended Action: Receive the proposed Audit Committee 2024 Schedule and
Workplan
Presenter: Jonathan Orozco, Finance Manager
4:55(10)
A - Proposed Audit Committee 2024 Schedule and Work Plan
STAFF AND COMMITTEE REPORTS
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Audit Committee Agenda July 22, 2024
FUTURE AGENDA SETTING
COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS
ADJOURNMENT
In compliance with the Americans with Disabilities Act (ADA), anyone who is planning to attend this
meeting who is visually or hearing impaired or has any disability that needs special assistance should
call the City Clerk's Office at 408-777-3223, at least 48 hours in advance of the meeting to arrange for
assistance. In addition, upon request, in advance, by a person with a disability, meeting agendas and
writings distributed for the meeting that are public records will be made available in the appropriate
alternative format.
Any writings or documents provided to a majority of the members after publication of the agenda will
be made available for public inspection. Please contact the City Clerk’s Office in City Hall located at
10300 Torre Avenue, Cupertino, California 95014, during normal business hours.
IMPORTANT NOTICE: Please be advised that pursuant to Cupertino Municipal Code section
2.08.100 written communications sent to the Cupertino City Council, Commissioners or City staff
concerning a matter on the agenda are included as supplemental material to the agendized item. These
written communications are accessible to the public through the City’s website and kept in packet
archives. Do not include any personal or private information in written communications to the City
that you do not wish to make public, as written communications are considered public records and will
be made publicly available on the City website.
Members of the public are entitled to address the members concerning any item that is described in the
notice or agenda for this meeting, before or during consideration of that item. If you wish to address the
members on any other item not on the agenda, you may do so during the public comment .
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