The Audit Advisory Committee meeting agenda includes receiving and filing the CalPERS Annual Valuation Reports for Miscellaneous and Safety plans as of June 30, 2025, and discussing the formation of an ad hoc subcommittee to develop a pension stabilization framework. Other key topics involve reviewing proposed revisions to the City's Financial Management and Fiscal Sustainability Policies and recommending amendments to the Committee's regular meeting schedule.
Jul 30, 2026·Board meeting agenda packet
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The committee convened a special meeting to review two primary agenda items. First, the committee received and reviewed the results of the Independent Accountants' Report on the Agreed-Upon Procedures for Payroll, which included recommendations for strengthening internal controls and clarifying Memoranda of Understanding. Second, the committee discussed a proposal to amend its regular meeting schedule, aiming to better align the frequency and timing of meetings with the City's financial reporting and audit cycles.
