Audit Committee - Regular Meeting

Monday, July 27, 2026

About this meeting

Government Body
Audit Committee
Meeting Type
Audit Committee
Location
Cupertino, CA
Meeting Date
July 27, 2026

Video will appear here as soon as Cupertino Audit Committee posts it — usually within a day of the meeting

Monday, July 27, 2026

16 items on the agenda.

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ROLL CALL

ROLL CALL

POSTPONEMENTS

POSTPONEMENTS

ORAL COMMUNICATIONS

ORAL COMMUNICATIONS

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.

CONSENT CALENDARItem 1

Subject: Approval of April 27, 2026 Audit Committee meeting minutes

Recommended Action: Approve the April 27, 2026 Audit Committee meeting minutes A - Draft Minutes

CONSENT CALENDARItem 2

Subject: Receive OPEB & Pension Section 115 Trust Performance Report for Quarter Ending June 30, 2026

Recommended Action: Receive OPEB & Pension Section 115 Trust Performance Report for Quarter Ending June 30, 2026 A - OPEB Pension Section 115 Trust Performance Report for Quarter Ending June 30, 2026

CONSENT CALENDARItem 3

Subject: Receive the Treasurer's Investment Report for the Quarter Ending June 30, 2026

Recommended Action: Receive the Treasurer's Investment Report for the Quarter Ending June 30, 2026 and forward to City Council Staff Report A – Chandler Investment Report June 2026 B – Chandler Custodial Statement June 2026 C – PARS Pension and OPEB Account Statement June 2026 D – LAIF Account Statement June 2026

OLD BUSINESS

OLD BUSINESS

NEW BUSINESSItem 4

Subject: INFORMATIONAL ITEM Receive the Fiscal Year 2025-26 ACFR Interim Testing Update

Recommended Action: Receive the Fiscal Year 2025-26 ACFR Interim Testing Update

NEW BUSINESSItem 5

Subject: INFORMATIONAL ITEM Receive the Internal Audit and Fraud, Waste, and Abuse programs update

Recommended Action: Receive the Internal Audit and Fraud, Waste, and Abuse programs update A - City of Cupertino Internal Audit Status Report 07-27-26 B - Cupertino Audit Validation Report - July 2026

NEW BUSINESSItem 6

Subject: ACTION ITEM Receive Grants Management Internal Control Review Final Report

Recommended Action: Receive Grants Management Internal Control Review Final Report and forward to City Council A - Grants Management ICR Report FINAL 7-20-26

NEW BUSINESSItem 7

Subject: ACTION ITEM FY 2026-27 Internal Audit Work Program Review

Recommended Action: Receive the FY 2026-27 Internal Audit Work Program and forward to City Council A - City of Cupertino FY 26-27 Internal Audit Program

NEW BUSINESSItem 8

Subject: INFORMATIONAL ITEM Receive the proposed Audit Committee 2026 Schedule and Workplan

Recommended Action: Receive the proposed Audit Committee 2026 Schedule and Workplan A - Proposed Audit Committee 2026 Schedule and Work Plan

STAFF AND COMMITTEE REPORTS

STAFF AND COMMITTEE REPORTS

COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS

COMMITTEEMEMBER ATTENDANCE AT UPCOMING MEETINGS AND EVENTS

FUTURE AGENDA SETTING

FUTURE AGENDA SETTING

ADJOURNMENT

ADJOURNMENT