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HomeMy WebLinkAboutCC 09-15-2026 Item No. 16 FY 2026-27 Internal Audit Work Program_PresentationCC 09-15-2026 #16 FY 2026-27 Fourth Amendment to agreement with Baker Tilly Presentation City of Cupertino FY 26-27 Internal Audit Program Audit Committee Meeting / July 2026 City of Cupertino FY 26- 27 Internal Audit Program2 •The City retained Baker Tilly to serve as the designated Internal Auditor and conduct projects focusing on: •Risks •Internal Controls •Efficiency and effectiveness •Best practices •Compliance •Work is being completed under appropriate industry standards (IIA, GAGAS, AICPA) Internal Audit Overview Role of Internal Audit City of Cupertino FY 26- 27 Internal Audit Program3 City of Cupertino FY 26- 27 Internal Audit Program4 A. Program Inputs •Enterprise Assessments •Employee and Residents •Performance Metrics B. Opportunities •Risks •Controls •Compliance •Performance C. Tracking & Reporting •Findings & Recommendations •Fraud, Waste, and Abuse Hotline •Corrective Actions •Implementation •Validation Holistic Internal Audit Program Components City of Cupertino FY 26- 27 Internal Audit Program5 Internal Audit Program Components Internal Audit Plan Risks Internal Controls Compliance Performance Accounting and financial reporting, asset management, capital programs, compliance, economics and funding, fraud, governance, human resources, internal controls, maintenance and operations, management, operations and service delivery, organization and staffing, processes and procedures, procurement, public safety, risk management, and technology Fu n c t i o n s C o m p o n e n t s P l a n City of Cupertino FY 26- 27 Internal Audit Program6 Focus Accomplishments Enterprise Risk Assessments 2021, 2024 Internal Controls Projects Completed •Citywide Internal Control Review 3 FY 26 Performance/Efficiency Projects Completed 5 Policies Reviewed •City Council Review •Investment/Cash Flow Policy Review 147 FY 26 FY 26 Recommendations Delivered 79 Ethic Hotline Reports Received 39 reports Recommendations Validations in FY26 7 Program Review Departments Covered Name of Presentation / XX.XX.XX7 Department Projects Administrative Services Procurement (22) Finance Policy and Procedures (22) Budget Process Review (23) Grants Management Internal Control Review (25) Special Revenue Fund Process (25) Investment/Cash Flow Policy Review (26) Council- Wide Policy Review (26) City Clerk City Manager’s Office FWA Program (22) Community Development Communication Innovation & Technology Parks & Recreation Public Works Capital Program (22) Library Construction Audit (23) ⇒ Enterprise Projects: Risk Assessment (21, 24), Enterprise Leadership (23), Policies and Procedures (24), Recommendation Validation (25), Internal Control Review (26) Name of Presentation / XX.XX.XX8 Potential FY26-27 Internal Audit Projects Project Title Project Description Estimated Fee Code Enforcement – 311 Response Time Review Evaluate the City's code enforcement complaint response process, with a focus on response times, staffing availability, and service delivery. $45,000 Property Tax Review Inventory property tax revenues and compare to relevant legislation and interlocal agreements to identify opportunities to improve understanding of tax revenue distributions, county service delivery, and intergovernmental funding. $35,000 Investment/Cash Flow Review Compare existing investment and cash flow processes to the City's existing policy to assess alignment with the policies.$35,000 Permitting Efficiency Study Evaluate the efficiency and effectiveness of the City's permitting process to identify opportunities to streamline workflows, reduce processing times, improve customer service, and enhance overall service delivery. $50,000 Grant Management Follow-up Follow up on outstanding recommendations and assess what progress the City has made to address recommendations. $30,000 Recruitment and Retention Study Assess the City’s recruitment and retention practices to identify opportunities to improve hiring efficiency, enhance the City’s ability to attract and retain qualified employees, and support long-term organizational stability. $45,000 Recommendation Validations Continue to track and validate recommendation implementation.$10,000 Program Management Support ongoing program management activities.$20,000 Resources •Government Finance Officer’s Association (GFOA) –GFOA Best Practices Guide on Audit Committees •Institute of Internal Auditors –IIA Publication “The Audit Committee: Internal Audit Oversight” •U.S. Government Accountability Office (GAO) •American Institute of Certified Public Accountants •Association of Certified Fraud Examiners 9 FY 26-27 Internal Audit Program - Tiers Audit Committee’s Tiered Recommendation Baseline Recommendation Validations 10,000.00 Program Management 20,000.00 Subtotal 30,000.00 Tier 1 Code Enforcement - 311 Response Time Review 45,000.00 Permitting Efficiency Study 50,000.00 Recruitment and Retention Study 45,000.00 Subtotal 140,000.00 Tier 2 Property Tax Review 35,000.00 Investment/Cash Flow Review 35,000.00 Grant Management Follow-Up 30,000.00 Subtotal 100,000.00 Grand Total 270,000.00 Recommended Actions 1.Accept the FY 2026-27 Internal Audit Work Program 2. If accepted, authorize the City Manager to execute a Fourth Amendment with Baker Tilly to extend the agreement through June 30, 2027; and 3. Adopt Resolution No. 26-XXX approving Budget Modification No. 2627-449, increasing appropriations by an amount to be determined by Council at tonight's meeting Questions?