Audit 07-16-09City of Cupertino
Audit Committee
Regular Meeting
July 16, 2009
1. CALL TO ORDER
At 4:05 p.m. David Woo called the meeting to order at Cupertino City Hall, 10300
Torre Avenue, Conference Room A, Cuf~ertino.
2. ROLL CALL
Community Members Present: Myoung, Kang (4:09), Stan Stemkoski, Garrett Wade
City Staff Present: David Woo
Council Present: Gilbert Wong
Absent: Carol Atwood, Mark Santoro
3. APPROVAL OF MINUTES
Wong moved to approve the minute:; of the regular meeting of April 9, 2009.
Stemkoski seconded and the motion Massed unanimously with Kang and Santoro
absent.
4. ORAL COMMUNICATIONS
None.
5. WRITTEN COMMUNICATIONS
None.
6. NEW BUSINESS
A. Interim Audit Results
Woo reported on the results o]' the interim audit and reviewed two minor
findings. He also reviewed some: of the GASB reporting standards that may or
may not apply to the City's audit.
B. 2009-10 Budget Results
Woo reviewed highlights of the :?009-10 adopted budget.
C. Treasurer's Investment and Budget Report
Woo reviewed the Treasurer's R;,port for May 2009
D. Consider Canceling October 1 _`~ Meeting and Schedule Special Meeting in
November or December
The Committee concurred to cancel the October 15 meeting and scheduled a
special meeting for November 1 ~).
July 16, 2009 Audit Committee Mi~lutes Page 2
E. Other Committee Updates/Reports
None.
11. ADJOURNMENT
The meeting was adjourned at 4:48 p.m.
~2
Dorothy Steen t
Recording Sec tary