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Audit 04-24-95 City of Cupertirio CUPERTINO AUDIT COMMITTEE Regular Adjourned Meeting Monday, Apri124, 1995 10300 Torre Avenue, Cupertino, Conference Room A (408) 777-3200 7:30 a.m. 1. CALL TO ORDER Carol Atwood called the meeting to order at 7:37 a.m. in Conference Room A of Cupertino City Hall, 10300 Torre Avenue. 2. PLEDGE OF ALLEGIANCE 3. ROLLCALL Members Present: Council members Lauralee Sorensen and John Bautista; Administrative Services Director Carol Atwood; City Manager Don Brown and Community Representative Tom Hall. Absent: None. 4. APPROVAL OF MINUTES 5. ORAL COMMUNICATIONS None. 6. NEW BUSINESS a. Carol Atwood reviewed the Street and Bridge Improvement Agreement between the City and Sobrato in regards to the De Anza Bridge Widening Project. The maximum amount Sobrato will pay is $1 million, and the City expects to receive these funds in FY 95/96. b. Carol Atwood reviewed the status of the audit RFP. The RFP was mailed, a bidders conference held, and we expect to receive four qualified bids. Each proposal will be reviewed and documented for the committee's consideration and recommendation on May 30. PántDd on Recycled Pape; April 24, 1995 Cupertino Audit Committee Page 2 c. Don Brown discussed the concept of program reviews in conjunction with the budget. He reviewed a proposed format to be utilized for each program, including two examples of how the form would be used. John Bautista stated that his most important concerns were program purpose and cost recovery. It was agreed that a comprehensive list of City programs will be given to Council at their May 1 meeting. Council can then choose two programs/department which will be analyzed and discussed during the 95/96 budget work session. If Council feels that such reviews are worthwhile, staffwill prepare for all programs next fiscal year. d. The 1993/94 Single Audit was reviewed. The audit found no problems with the City as to compliance and financial reporting in regard to federal funding. e. Carol Atwood reviewed the current budget document and suggested format changes. John Bautista expressed concern to be able to readily trace numbers from the budget to the audit report. 7. ADJOURNMENT At 8:42 a.m. the committee adjourned to May 30,1995, in Conference Room A. c:lwinwordldatalaudagn,doc