Audit Committee

10185 North Stelling Road, Quinlan Conference Room

Agenda — 23 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 April 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 Special Meeting on February 28, 2025 25-13932
6. 6 POSTPONEMENTS
7. 7 ORAL COMMUNICATIONS
8. 8 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.
9. 9 OLD BUSINESS
10. 10 NEW BUSINESS
11. 2. Subject: ACTION ITEM Appoint Audit Committee Chair and Vice Chair 25-13933
12. 3. Subject: INFORMATIONAL ITEM Receive OPEB & Pension Section 115 Trust Performance Report for Quarter Ending March 31, 2025 25-13934
13. 4. Subject: INFORMATIONAL ITEM Receive the Internal Audit and Fraud, Waste, and Abuse programs update 25-13935
14. 5. Subject: ACTION ITEM Internal Audit Work Program Review 25-13936
15. 6. Subject: ACTION ITEM Annual Review of the City’s Investment Policy 25-13938
16. 7. Subject: INFORMATIONAL ITEM Receive the Single Audit and Agreed Upon Procedures (AUP) Reviews - GANN Limit, Investment Policy, Storm Drain 25-13939
17. 8. Subject: ACTION ITEM Updated Budget Format Implementation Action Plan (IAP) 25-13940
18. 9. Subject: INFORMATIONAL ITEM Receive the proposed Audit Committee 2025 Schedule and Workplan 25-13941
19. 19 STAFF AND COMMITTEE REPORTS
20. 20 COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS
21. 21 FUTURE AGENDA SETTING
22. 22 ADJOURNMENT
23. 23 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.