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Audit 03-08-2012 City of Cupertino Audit Committee Special Meeting Minutes March 8, 2012 I. CALL TO ORDER At 4:08 p.m. David Woo called the meeting to order at Cupertino City Hall, 10300 Torre Avenue, Conference Room B. 2. ROLL CALL Community Members Present: Stanley Ste mkoski, Raymond Yin, Angela Chen Council Members Present: Rod Sinks City Staff Present: Carol Atwood, David Woo Absent: Barry Chang 3. APPROVAL OF MINUTES Community Member Stemkoski moved to approve the minutes of the regular meeting of January 19, 2012. Councilmember Sinks seconded and the motion passed unanimously with Sinks, Community Members Yin and Chen abstaining because they were either not present or not yet appointed to the Committee. 4. ORAL COMMUNICATIONS -NONE 5. WRITTEN COMMUNICATIONS -NONE 6. NEW BUSINESS A. Review external auditor proposals and make selection Staff member Woo briefed the committee on the background and process of selecting a new auditor and presented written proposals from Maze and Associates and Burr Pilger Mayer. He also reported additional information from Maze's previous engagement with the City, BPM's reference from City of Campbell and from Woo's phone call with BPM. The committee and City staff discussed the firms' experience, staff depth, compilation and state controller report work, internal control, and fees. Based on the firms' qualifications, the committee decided to make a selection rather than continue the interview/search process. Yin motioned and Chen seconded the motion to select Maze and Associates. The motion passed unanimously. 7. OLD BUSINESS -NONE 8. OTHER COMMITTEE UPDATES/REPORTS—The next committee meeting of April 19, 2012 will be rescheduled because of a schedule conflict with a committee member. 9. ADJOURNMENT The meeting was adjourned at 5:10 p.m. David Woo Finance Director