Audit 11-19-09City of Cupertino
Audit (~ommittee
Regular Meeting
November 19, 2009
1. CALL TO ORDER
At 4:00 p.m. David Woo called the meeting to order at Cupertino City Hall, 10300
Torre Avenue, Conference Room A, Cupertino.
2. ROLL CALL
Community Members Present: Myoung Kang (4:12), Stan Stemkoski, Garrett Wade
City Staff Present: David Woo
Council Present: Mark Santoro, Gilbert Wong
Absent: Carol Atwood
3. APPROVAL OF MINUTES
Wong moved to approve the minutes of the regular meeting of July 16, 2009.
Stemkoski seconded and the motion :passed unanimously with Kang absent-
4. ORAL COMMUNICATIONS
None.
5. WRITTEN COMMUNICATIONS3
None.
6. NEW BUSINESS
A. Final Audit Results
Vikki Rodriguez noted that the City received an unqualified opinion with no
material weaknesses for the fiscal year ended June 30, 2009. She also
highlighted other matters related to streamlining processes in the future such
as paperless agenda packets, and removal of consent calendar items from
council agendas.
B. OPEB
Woo updated the committee on retiree medical liability. Representatives from
PARS and Highmark pro~rided a presentation regarding an OPEB trust
account. The committee concurred to review the materials received and
discuss at a later date.
C. Review Draft Audit RFP
Woo updated the committee on the request for proposal for audit services.
The committee concurred to invite the current auditors, Maze and Associates
to submit a proposal.
November 19, 2009 Audit Committee Minutes Page 2
D. Treasurer's Investment and Budget Report
The item was not discussed.
E. Other Committee Updates/Reports
None.
11. ADJOURNMENT
The meeting was adjourned at 6:22 p.m.
~\
Dorothy Steenf t
Recording Secretary