Audit Committee

10185 North Stelling Road, Quinlan Conference Room

Agenda — 24 items

1. 1 Members of the public wishing to observe the meeting may do so in one of the following ways: 1) Attend in person at Quinlan Community Center, 10185 North Stelling Road 2) The meeting will also be streamed live on and online at https://youtube.com/@cupertinocitycommission Members of the public wishing to comment on an item on the agenda may do so in the following ways: 1) Appear in person at Quinlan Community Center. 2) E-mail comments by 4:00 p.m. on Monday, July 28 to the legislative body at Auditcommittee@cupertino.gov. These e-mail comments will also be posted to the City’s website after the meeting. Oral public comments may be made during the public comment period for each agenda item.
2. 2 ROLL CALL
3. 3 ORDERS OF THE DAY
4. 4 APPROVAL OF MINUTES
5. 1. Subject: Approve Minutes of Regular Meeting on April 28, 2025 25-14184
6. 2. Subject: Approve Minutes of Special Meeting on May 12, 2025 25-14185
7. 7 POSTPONEMENTS
8. 8 ORAL COMMUNICATIONS
9. 9 This portion of the meeting is reserved for persons wishing to address the Committee on any matter within the jurisdiction of the Committee and not on the agenda. Speakers are limited to three (3) minutes. In most cases, State law will prohibit the Commission from making any decisions with respect to a matter not on the agenda.
10. 10 OLD BUSINESS
11. 11 NEW BUSINESS
12. 3. Subject: INFORMATIONAL ITEM Fiscal Year 2024-25 ACFR Interim Testing Update 25-14187
13. 4. Subject: INFORMATIONAL ITEM Receive OPEB & Pension Section 115 Trust Performance Report for Quarter Ending June 30, 2025 25-14188
14. 5. Subject: INFORMATIONAL ITEM Receive the Treasurer's Investment Report for the Quarter Ending June 30, 2025 25-14189
15. 6. Subject: INFORMATIONAL ITEM Receive the Internal Audit and Fraud, Waste, and Abuse programs update 25-14190
16. 7. Subject: ACTION ITEM Discuss Audit Committee Duties, Powers, and Responsibilities 25-14191
17. 8. Subject: ACTION ITEM Special Revenue Fund Process Audit Update 25-14192
18. 9. Subject: ACTION ITEM Budget Format Review Presentation and Formation of Budget Format Review Subcommittee 25-14193
19. 10. Subject: INFORMATIONAL ITEM Receive the proposed Audit Committee 2025 Schedule and Workplan 25-14194
20. 20 STAFF AND COMMITTEE REPORTS
21. 21 COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS
22. 22 FUTURE AGENDA SETTING
23. 23 ADJOURNMENT
24. 24 In compliance with the Americans with Disabilities Act (ADA), anyone who is planning to attend this 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, at least 48 hours in advance of the meeting to arrange for assistance. In addition, 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. 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, Cupertino, California 95014, during normal business hours. IMPORTANT NOTICE: Please be advised that pursuant to Cupertino Municipal Code section 2.08.100 written communications sent to the City Council, Commissioners or staff concerning a matter on the agenda are included as supplemental material to the agendized item. These written communications are accessible to the public through the City website and kept in packet archives. Do not include any personal or private information in written communications to the City that you do not wish to make public, as written communications are considered public records and will be made publicly available on the City website.