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Home My WebLink AboutCC 09-01-2026 Item No. 12. Audit Committee Municipal Code Amendments_Staff PresentationCC - 09-01-2026 #12 Ordinance amending Chapter 2.88 Audit Committee Duties, Powers, and Responsibilities Presentation Audit Committee Duties, Powers, and Responsibilities and Related Municipal Code Updates September 1, 2026 Jonathan Orozco Director of Finance Background & Council Direction July 2025 –Audit Committee Recommendation •Rename to Audit & Finance Committee •Clarify oversight of internal controls and internal audits •Add oversight related to artificial intelligence October 2025 –Council Referral •Consider increased meeting frequency •Consider expanded financial oversight •Consider a budget subcommittee Audit Committee Recommendation Audit Committee Recommendation –April 2026 Audit Committee unanimously recommended:✓Retain the three original amendments✓Maintain quarterly meetings✓Utilize the Internal Audit Work Program for additional targeted oversight Internal Audit Work Program •Additional projects reviewed by Audit Committee in July •Work Program and funding request → Council Sept. 15 Proposed Municipal Code Amendments Proposed Amendments –Chapter 2.88 1. Rename Audit Committee → Audit & Finance Committee 2. Clarify Internal controls & internal audit oversight 3. Add Artificial intelligence oversight 4. Administrative Update Director of Admin. Services → Director of Finance Recommended Action Introduce and conduct the first reading of Ordinance No. 26-____ amending Cupertino Municipal Code Chapter 2.88. Questions?