HomeMy WebLinkAbout05-01-2017 AC AGENDA PACKETCITY OF CUPERTINO
AGENDA
AUDIT COMMITTEE
4:00 PM
10300 Torre Avenue, City Hall Conference Room A
Monday, May 1, 2017
Special Meeting
NOTICE AND CALL FOR A SPECIAL MEETING OF THE AUDIT COMMITTEE
NOTICE IS HEREBY GIVEN that a special meeting of the Audit Committee is hereby called for
Monday, May 1, 2017, commencing at 4:00 p.m. in City Hall Conference Room A, 10300 Torre
Avenue, Cupertino, California 95014. Said special meeting shall be for the purpose of conducting
business on the subject matters listed below under the heading, “Special Meeting."
ROLL CALL
APPROVAL OF MINUTES
1.Subject: Approve minutes of the regular meeting of March 13, 2017
Proposed Minutes 03.13.2017
POSTPONEMENTS
ORAL COMMUNICATIONS
This portion of the meeting is reserved for persons wishing to address the members on
any matter not on the agenda. Speakers are limited to three (3) minutes. In most cases,
State law will prohibit the council from making any decisions with respect to a matter
not listed on the agenda
OLD BUSINESS
NEW BUSINESS
2.Subject: Crowe and Horwath introduction and discussions on the Investment
AUP, additional review of internal controls and Audit Committee input on fiscal
2017 audit, the proposed audit schedule for FY2016-17, and training
opportunities (Crowe) - (50 min)
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May 1, 2017Audit Committee AGENDA
3.Subject: Review and propose changes to the City’s two investment policies - (10
min)
City Investment Policy dated May 17, 2016 Marked
4.Subject: Annual performance review of the OPEB Retiree Health Investment
Trust (USBank and PARS) - (10 min)
City of Cupertino OPEB Trust Investment Policy May 2016 Marked
5.Subject: Review of the Standard Work Plan and the Action Items List - (10 min)
Standard Work Plan for Audit Committee 2017
Review of Progress on Uncompleted Action Items from Previous Meetings for Audit Committee
6.Subject: Treasurer's Investment Report for Quarter Ending March, 2017
Recommended Action: Accept the Report
Staff Report
A - Investment Portfolio
B - Wells Fargo Value Comparion Report QE March 2017
C - Supplemental Portfolio Analysis
7.Subject: Next meeting date and adjournment for the Committee - (5 min)
STAFF AND COMMITTEE REPORTS
ADJOURNMENT
In compliance with the Americans with Disabilities Act (ADA), anyone who is planning
to attend the next meeting who is visually or hearing impaired or has any disability that
needs special assistance should call the City Clerk's Office at 408-777-3223, 48 hours
in advance of the meeting to arrange for assistance. Upon request, in advance, by a
person with a disability, meeting agendas and writings distributed for the meeting that
are public records will be made available in the appropriate alternative format. Also
upon request, in advance, an assistive listening device can be made available for use
during the meeting.
Any writings or documents provided to a majority of the members after publication of
the agenda will be made available for public inspection. Please contact the City Clerk’s
Office in City Hall located at 10300 Torre Avenue during normal business hours.
Members of the public are entitled to address the members concerning any item that is
described in the notice or agenda for this meeting, before or during consideration of
that item. If you wish to address the members on any other item not on the agenda, you
may do so during the public comment.
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May 1, 2017Audit Committee AGENDA
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