AC 8-4-2025 Searchable PacketCITY OF CUPERTINO
AUDIT COMMITTEE
AGENDA
10300 Torre Avenue Cupertino CA 95014, Conference Room A
Monday, August 4, 2025
2:00 PM
Special Meeting
Members of the public wishing to observe the meeting may do so in one of the following
ways:
1) Attend in person at Conference Room A, 10300 Torre Avenue Cupertino CA 95014
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 Conference Room A
2) E-mail comments by 2:00 p.m. on Monday, August 4 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.
NOTICE AND CALL FOR A SPECIAL MEETING OF THE CUPERTINO AUDIT
COMMITTEE
NOTICE IS HEREBY GIVEN that a special meeting of the Cupertino Audit Committee is
hereby called for Monday, August 4, 2025, commencing at 2:00 p.m. at the 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."
SPECIAL MEETING
CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES
Page 1
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Audit Committee Agenda August 4, 2025
POSTPONEMENTS
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.
Effective January 1, 2023, Government Code Section 65103.5 (SB 1214) limits the distribution of
copyrighted material associated with the review of development projects. Members of the public wishing
to view plans that cannot otherwise be distributed under SB 1214 may make an appointment with the
Planning Division to view them at City Hall by sending an email to planning@cupertino .org. Plans
will also be made available digitally during the hearing to consider the proposal.
OLD BUSINESS
NEW BUSINESS
1.Subject: ACTION ITEM Budget Format Review Presentation and Formation of Budget
Format Review Subcommittee
Recommended Action: 1. Receive Budget Format Review presentation as outlined in
the Budget Format Implementation Action Plan (IAP) recommendation #30
2. Form Budget Format Review subcommittee
Presenter: Kristina Alfaro, Director of Administrative Services
Staff report
A - Budget Format Implementation Action Plan
B – Opengov Budget Examples Presentation
2.Subject: INFORMATIONAL ITEM Receive the proposed Audit Committee 2025
Schedule and Workplan
Receive the proposed Audit Committee 2025 Schedule and
Workplan
Presenter: Jonathan Orozco, Finance Manager
A - Proposed Audit Committee 2025 Schedule and Work Plan
STAFF AND COMMITTEE REPORTS
FUTURE AGENDA SETTING
ADJOURNMENT
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
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Audit Committee Agenda August 4, 2025
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.
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CITY OF CUPERTINO
Agenda Item
25-14202 Agenda Date: 8/4/2025
Agenda #: 1.
Subject:ACTION ITEM Budget Format Review Presentation and Formation of Budget Format
Review Subcommittee
1. Receive Budget Format Review presentation as outlined in the Budget Format Implementation
Action Plan (IAP) recommendation #30
2. Form Budget Format Review subcommittee
Presenter: Kristina Alfaro, Director of Administrative Services
CITY OF CUPERTINO Printed on 7/31/2025Page 1 of 1
powered by Legistar™4
AUDIT COMMITTEE STAFF REPORT
Meeting: August 4, 2025
Subject
Budget Format Review Presentation and Formation of Budget Format Review
Subcommittee
Recommended Action
1. Receive Budget Format Review presentation as outlined in the Budget Format
Implementation Action Plan (IAP) recommendation numbers 15, 17, 18, 19, and
30.
2. Form Budget Format Review subcommittee
Reasons for Recommendation
Background
On May 6, 2025, the Final Budget IAP was presented to the City Council. This plan
included 33 recommendations. The FY 2025-26 budget document accomplished 17 of the
33 recommendations which resulted in a 50% implementation rate for the first year of the
IAP.
The final Budget Format Implementation Action Plan is included as Attachment A of this
report.
Budget Format Migration to OpenGov
The five IAP recommendations (15, 17, 18, 19, 30) support a comprehensive work plan for
improving a city’s budget process, budget document, and related financial reporting
sytems. The recommendations create a more transparent, consistent, accessible, and
integrated budgeting and financial reporting system, leveraging OpenGov, internal
coordination, and stakeholder engagement while also ensuring that policies and reporting
frameworks support oversight and clarity. Refer to Attachment A for further details on
each of the IAP recommendations.
Staff began working on the migration of budget data and narratives to OpenGov and will
be presenting 3 different budget formats for Audit Committee’s consideration. Staff
researched other agencies that utilize OpenGov publications to present budget data in
5
2
differing formats, length of data history, and depth of detail. OpenGov recommended the
following three agencies: Oakland, CA, Durango, CO, and Pasadena, CA, because they
currenty utilize the publications feature and have budget documents similar to Cupertino.
Staff coordinated a series of meetings with an OpenGov representative to learn how to set
up a publication, migrate data, and recreate charts as presented in the current budget
document. Staff have migrated all budget narratives and tables and charts to individual
OpenGov pages. Budget pages for all introductory chapters, departments, and CIP were
created. Pages were organized in a draft format inspired by example publications as
presented. Staff also documented the publication creation and migration process for
future replication.
Next Steps
Staff recommends Audit Committee to provide feedback the three OpenGov sample
formats . Staff also recommends Audit Committee to create a budget format sub-
committee to finalize OpenGov budget format for recommendation to the Council ahead
of FY 2026-27.
Sustainability Impact
No sustainability impact.
Fiscal Impact
No fiscal impact.
City Work Program (CWP) Item/Description
None.
Council Goal:
Fiscal Strategy
California Environmental Quality Act
Not applicable.
_____________________________________
Prepared by: Toni Oasay-Anderson, Acting Budget Manager
Reviewed by: Kristina Alfaro, Director of Administrative Services
Approved for Submission by: Tina Kapoor, Interim City Manager
Attachments:
A – Budget Format Implementation Action Plan
B – Opengov Budget Examples Presentation
6
City of Cupertino – Budget Document Improvements and Performance Measures
Updated Implementation Action Plan
April 2025
7
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
1
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
1 Ensure the document includes a title page, improved table of contents,
consistent layout and orientation.
Review the budget document for consistent formatting including
font, font size, page orientation
Ensure title page and table of contents are properly formatted
1
Admin Services FY26 Implementation
2 Isolate the Budget Message as a standalone section. Move the Strategic Goals Budget Message section to the front of
the document in the Introduction Section
2 Admin Services FY26 Implementation
3 Incorporate the City’s Mission in the Budget Guide section with the
Strategic Goals subsection and move them to the Introduction section
after the City’s organization chart.
Condense the City’s Mission in the Budget Guide section areas of
the Budget Message
Move to the introduction section
2 Admin Services FY26 Implementation
4 Eliminate the Notable Accomplishments and New Initiatives sections by
condensing its content into a bulleted one or two sentence description
for each accomplishment and relocate each relevant accomplishment to
the respective Department section.
Condense Notable Accomplishments and New Initiatives sections
into small bulleted or narrative list by Department
Move each bulleted description into relevant Department
section
Remove Notable Accomplishments and New Initiatives sections
2 Admin Services FY26 Implementation
5 Summarize high‐level notable accomplishments and new initiatives
within the City Manager’s Budget Message
Summarize high‐level notable accomplishments and new
initiatives into a small paragraph
Put this paragraph in the City Manager’s Budget Message
2 Admin Services/
City Manager’s
Office
FY26 Implementation
6 Elevate the Budget Overview subsection as its own section in the budget
document.
Add the existing Budget Overview subsection as it’s own new
section
Include the following subsections:
o Budget Roadmap,
o Changes to the Budget and Policies,
o Budget by Fund,
o Service‐Level Reductions,
o Special Projects,
o Current Economic Update,
o Key Budget Assumptions, and
o Ongoing Challenges
2 Admin Services FY26 Implementation
1Priority 1: Important to accomplish without delay and/or easy to accomplish.
Priority 2: Second tier of importance to accomplish and/or may involve some complexity or time to complete.
Priority 3: Least urgent to complete and/or may take longer to set‐up or to execute.
2To establish clear accountability there should be a single manager assigned responsibility for completing implementation of each recommendation. Where more than one manager is identified in this column, responsibility should be clarified
when the Final Action Plan is prepared.
8
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
2
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
7 Report Department reductions at the summary level and refer to the
Department section for further detail.
Use the newly created Budget Overview section in
Recommendation #6 to create a four page narrative
Refer to the individual Department sections for further detail
2 Admin Services FY26 Implementation
8 Complete and publish the FY 2024‐25 Budget at a Glance document to
summarize the budget for the casual user.
Publish the above four page narrative from Recommendation #7
as a separate City’s Budget at a Glance document
2 Admin Services April 2025
9 Move the Mission Statement to the strategic goals section. Move the Mission Statement from the Budget Guide section to
the Strategic Goals section.
2 Admin Services FY26 Implementation
10 Move the Elements of the Budget Document, Glossary of Budget
Terminology, Commonly Used Acronyms, and
Revenues/Expenditures/Fund Balance Table to the Appendix.
Move the following Elements of the Budget Document to the
appendix
o Glossary of Budget Terminology
o Commonly Used Acronyms
o Revenues/Expenditures/Fund Balance Table
2 Admin Services FY26 Implementation
11 Eliminate the City Profile, Education, Programs and Applications,
Community and Recreation Services and Things to Do and See
subsections of the Community Profile section from the budget
document.
Remove the following subsections of the Community Profile
section
o City Profile
o Education
o Programs and Applications
o Community and Recreation Services
o Things to Do and See
2 Admin Services FY26 Implementation
12 Update all policies to provide a summary of the policy and include a link
to the official policy on the City’s website.
Remove the full financial policies from the budget document to
retain in an appendix with the budget and any revision dates
Include a summary of the relevant financial policies and a link to
the full policy on the City’s website
3 Admin Services FY26 Implementation
13 Eliminate the Flow of Funds Chart and replace it with a narrative
description of how taxes are used to fund City services within the Budget
Overview section of the budget.
Eliminate the Flow of Funds Chart in the All Funds Financial
Schedule section
Include a narrative of how taxes are used to fund City services
within the Budget Overview section
3 Admin Services FY28 Implementation
14 Revise the General Fund Contribution Schedule subsection to include a
brief narrative of General Funds resources that are being contributed to
other funds, refer to the General Fund Transfers subsection, and
eliminate the existing table.
Develop a draft narrative summary for City Manager’s Office
review and feedback
Eliminate the existing table of the General Fund Contribution
Schedule in the General Fund Financial Schedules sections
Refer to the General Fund Transfers subsection in the narrative
2 Admin Services FY27 Implementation
9
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
3
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
Publish the updated section for incorporation into the annual
budget document
15 Refer the reader to the Department section or OpenGov for further
detail.
Review architecture and links in OpenGov to ensure accuracy
and usability of financial schedules that provide the same or
similar information as in the current budget document
Make revisions to OpenGov as required
Modify text references in the General Fund Financial Schedules
section in each department to direct readers to the department
sections, appendix and/or OpenGov
Condense Revenues section detail
Add reference to Open Gov to show further detail
2 Admin Services FY27 Implementation
16 Condense the General Fund Revenues to provide an overview of the key
revenue sources, and include the more detailed descriptions and
analysis in the General Fund Forecast subsection.
Develop a revised draft of a condensed General Funds revenue
section (e.g., start with an outline, then complete a draft based
on prior budget)
Move the more detailed descriptions and analysis in the General
Fund Forecast subsection
Ensure consistency in formatting and align structure across both
sections for clarity
Publish the updated section as part of the draft budget
2 Admin Services FY26 Implementation
17 Review each Department section to include the following components:
1) Department description; 2) Organizational chart (by division/program
including number of assigned personnel FTE equivalents); 3) Personnel
summary (subtotals by position); 4) Key priorities, with emphasis on how
they achieve the citywide strategic plan/priorities; 5) Performance
measures with a reference to key departmental priorities and citywide
strategic plan/priorities; and 6) Revenue and Expenditure summary by
division/program and by expenditure type (personnel costs, materials
and services, capital outlay, etc.).
Review each Department section to ensure there is consistency
in including the following components:
o Department description
o Organizational chart
o Personnel summary
o Key priorities
o Performance measures
o Revenue and Expenditure summary
3 Admin Services FY27 Implementation
18 Eliminate the program budget information in the Department sections
and refer the user to OpenGov to obtain further detail.
Eliminate the program budget information in the departmental
sections
Add reference to Open Gov for the reader to obtain further
detail at the program budget level
2 Admin Services Per Council hold off on this for
awhile.
FY27 Implementation
10
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
4
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
19 Develop a minimum five‐year Capital Improvement Plan (CIP) and
incorporate the CIP plan into the budget document.
Develop the Capital Improvement Plan should be created and
include the following elements:
o CIP Overview
o CIP Process that explains the definition of a
project and the planning process
o Project descriptions
o Financial Summary by Year
o Funding Availability
The CIP should be included as part of the annual budget with
similar timelines so that the recommended operating and capital
budgets are published within the budget schedule.
1 Public Works/
Admin Services
FY26 Implementation
20 Affirm primary responsibility and lead role of the development of the
CIP Plan to Public Works as a shared responsibility and collaboration
with other departments.
Assign the lead role of development of the CIP to the Public
Works Department
Conduct cross‐departmental CIP meetings to ensure input is
received
Develop a department coordination framework that defines
roles, responsibility for input and collaboration
Discuss and disseminate the framework with departments.
Conduct periodic check‐ins on CIP plan development to include
the City Manager, and representatives from Public Works and
Administrative Services
1 City Manager’s
Office, delegated
to Public Works
FY26 Implementation, internal
Standard Operating Procedure
(SOP)
21 Assign compilation and publication of the CIP Plan section of the budget
document to the Administrative Services Department’s Budget division.
Assign the lead role of compilation and publication of the CIP to
the Admin Services Department
Standardize CIP formatting and structure to ensure consistency
in CIP descriptions, budget projections and reporting
Establish a review and submission timelines for the draft and
final CIP version in the context of the broader budget process
Collaborate with Public Works to inform final development of
the finalized CIP plan
Incorporate the capital budget in the recommended budget
document.
1 City Manager’s
Office, delegated
to Admin Services
FY26 Implementation
22 Complete the FY 2024‐25 Capital Budget and issue as Volume 2 of the
current adopted budget.
Complete the FY 2024‐25 Capital Budget already in progress
(performed by Public Works)
1 Public Works/
Admin Services
Completed April 2025
11
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
5
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
Issue the Capital Budget as Volume 2 of the current adopted
budget.
23 Provide clear quarterly tracking of CIP priorities, progress, and
alignment with Council work programs.
Develop a quarterly reporting framework to define reporting
element such as progress tracking, estimated time of
construction and completion, and tracking against budget
Establish a reporting calendar to set quarterly review deadlines
on City Council agendas
Implement the CIP progress reporting
Check‐in with City Council and department leaders to evaluate
CIP progress reporting and opportunities to improve it
2 City Manager’s
Office, delegated
to Public Works
FY27 Implementation
24 Create a detailed appendix for fund transfers, enterprise funds, and
grant funding usage.
Create a framework to report the following:
o Fund transfers
o Enterprise funds
o Grant funding
Compile the fund transfer and grant data to document all
sources and uses of funds
Publish the developed report(s)
2 Admin Services FY27 Implementation
25 Ensure all appropriated funds and consulting services are tracked and
reported against original purposes.
Review current trancking mechanisms and implement any
necessary changes based on feedback received from City
Councilmembers regarding past reports
Review the current expense report that shows budget and actual
expenditures for all appropriated funds
Create a report in OpenGov that highlights the consulting
services expenses compared to the original budget.
Keep clear documentation of all consulting services budgets.
3 Admin Services FY28 Implementation
26 Develop and implement a Special Projects policy to address such issues
as definitions, approval authorities, timelines, projects spanning multiple
fiscal years, budget carryovers for projects extending into a subsequent
fiscal year, and periodic reporting timelines and form.
Develop a special projects policy that addresses:
o Definition of special projects
o Form of reporting
o Frequency of reporting
o Follow‐up on items and direction from City
Council
1 City Manager’s
Office
Completed April 2025
12
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
6
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
27 Review the City’s annual budget resolution and/or expenditure and
budget policies to ensure they align with City Council authorities
provided to the City Manager or designee in managing the annual
budget, including use of contracted and/or consulting services to
achieve the City’s annual service delivery goals expressed in the adopted
budget.
Review the City’s annual budget resolution and/or expenditure
and budget policies to ensure the following:
o Authorities provided to the City Manager
o Use of contracted or consulting services
Make any changes or updates as needed
1 City Manager’s
Office
FY26 Implementation
28 Review the City’s current budget community engagement strategy with
the City Council to ensure it is successfully meeting the needs for
identifying community priorities and to inform the community about
how City services are funded.
Present the City’s current budget community engagement
strategy to the City Council
Solicit feedback on additional community engagement strategies
Make any changes or updates as needed
1 City Manager’s
Office
FY26 Implementation
29 Review educational content on the budget’s role as a financial planning
tool and document in light of any changes to the engagement strategy
using easy‐to‐understand content and graphics.
Review the proposed changes to the community engagement
strategies
Update educational content and engagement strategy with easy‐
to‐understand content and graphics based on proposed changes
1 Admin Services/
City Manager’s
Office
FY26 Implementation
30 Leverage tools like OpenGov to create interactive, department‐focused
summaries for each user type including the community, council and
staff.
Review the current OpenGov design and layout for departments
and solicit feedback for improvements
Move the current year so the newest information is listed first on
the main page
Develop content based on the needs of the community and
council
Include links in the budget document to OpenGov to create
more tailored content
1 Admin Services FY27 Implementation, will
need more time to develop
and implement this
recommendation
31 Develop a citywide strategic plan that includes a review of the core
values, mission and vision by the City Council to form the appropriate
strategic goals and priorities for the organization and its operating
departments.
Determine if the strategic plan will be done with assistance from
consultants or in house
Work with City Council to create a city‐wide strategic plan
according to the following framework
o Core Values
o Mission
o Vision
o Organizational Goals
o Organizational Strategies
o Strategic Priorities
o Personal Priorities
1 City Manager’s
Office
FY26 Implementation, a FY26
Proposed Budget request will
be made for dollars to
complete a strategic plan.
13
City of Cupertino – Budget Document Improvements and Performance
Measures
Updated Implementation Action Plan Baker Till
7
Rec
No. Recommendation Implementation Steps Priorit 1
Department
Responsible2 Comments
Incorporate strategic plan into planning for the budget document
and performance measures
32 Establish performance standards for each performance measure and
reevaluate at least biennially.
Review Baker Tilly’s suggested performance measures by
Department
Obtain City Council approval on the set of performance
measures to be implemented, informed by the Baker Tilly report
and any subsequent creation of a citywide strategic plan
Identify roles and responsibilities within each department to
identify the metrics to be tracked, gather the data, and develop
the reports
Implement a tracking mechanism by developing a reporting
structure to monitor compliance and effectiveness (e.g.,
quarterly, semi‐annually)
Create a process for reviewing performance and updating
performance measures with the City Council periodically (semi‐
annually) and as part of the annual budget process
1 City Manger’s
Office, delegated
to each
department
FY26/FY27 Implementation
this will follow the strategic
plan to ensure alignment with
City Council vision and
priorities
33 Conduct a study session to review the Performance Measures update in
Q1
Review updated performance measures
Bring to City council as a study session
1 City Manger’s
Office, delegated
to each
department
FY26/FY27 Implementation,
this will follow the strategic
plan to ensure alignment with
City Council vision and
priorities.
14
July 28, 2025
OpenGov Budget Examples
15
Budget Format Timeline
Sample OpenGov Publications
Cupertino's Prototype Budget
Agenda
16
Budget Format Timeline
BAKER TILLY
REPORT
Baker Tilly's budget
document and performance
measure improvements
report was approved by
Audit Committee and
Council
2025
February
and March
APPROVAL
OF IAP
City Council approves
final IAP with priorities
ranging from 1-3 to be
implemented over next
3 years
2025
May
RESEARCH &
MIGRATION
Staff researched local
governments who utilize
OpenGov publications
and migrated current
budget from Collective
Budget
2025
June-
Present
BUDGET
EXAMPLES
PRESENTATION
Staff provides an
update to Audit
Committee about
OpenGov budget
research and
preliminary formatting
2025
July
AUDIT SUB -
COMMITTEE
FORMAT REVIEW
Audit Committee to
provide initial feedback
on sample OpenGov formats
and create budget format sub-
committee
2025
July
17
1.Oakland, CA
18
Home page
19
20
Summaries
21
22
Information
23
Expenditures
24
25
2. Durango, CO
26
Home page
27
Organizational Stewardship Page
28
29
30
3. Pasadena, CA
31
Home page
32
33
34
4. Cupertino's Prototype Budget
35
Home page
36
37
Departments Navigation Page
38
Council and Commissions Home Page
Division
Programs
39
Division Summary Example
Summarized
at division
Links to the
programs
within this
division
40
Summarized by
division
41
Program Page example
Summarized
at the
program level
42
Narrative migration
43
Detail by program
44
Table of Contents (Index)
45
Recommendations
1.Provide initial feedback on sample OpenGov formats
presented
2.Create budget format sub-committee to finalize
OpenGov budget format for council recommendation
ahead of FY 26-27 budget
46
Thank you
Questions?
47
•City of Oakland Home page
o Table of contents
o Department page
o City Council Expenditures & Information
•City of Durango Home page
o Table of contents
o Organizational Stewardship page
o Finance page
•Pasadena Home Page (Table of contents)
o City Attorney
Quick References
48
CITY OF CUPERTINO
Agenda Item
25-14203 Agenda Date: 8/4/2025
Agenda #: 2.
Subject:INFORMATIONAL ITEM Receive the proposed Audit Committee 2025 Schedule and
Workplan
Receive the proposed Audit Committee 2025 Schedule and Workplan
Presenter: Jonathan Orozco, Finance Manager
CITY OF CUPERTINO Printed on 7/31/2025Page 1 of 1
powered by Legistar™49
January 27, 2025
Regular Meeting
February 18, 2025
Special Meeting
April 28, 2025
Regular Meeting
May 12, 2025
Special Meeting
July 28, 2025
Regular Meeting
October 27, 2025
Regular Meeting
November/December 2025
Special Meeting
Approve Prior Meeting Minutes Approve Prior Meeting Minutes Approve Prior Meeting Minutes Quarterly Treasurerʹs Investment
Report for Quarter Ending March 31,
2025
Approve Prior Meeting Minutes Approve Prior Meeting Minutes Approve Prior Meeting Minutes
OPEB & Pension Trust Performance
Report for Quarter Ending December
31, 2024
Moss Adams Status Report Update Appoint Audit Committee Chair and
Vice Chair
OPEB & Pension Trust Performance
Report for Quarter Ending June 30, 2025
OPEB & Pension Trust Performance
Report for Quarter Ending September
30, 2025
Review of FY 2024‐25 ACFR and
Supplemental Reports
Quarterly Treasurerʹs Investment
Report for Quarter Ending December
31, 2024
Baker Tilly ‐ Budget Format Review OPEB & Pension Trust Performance
Report for Quarter Ending March 31,
2025
Quarterly Treasurerʹs Investment
Report for Quarter Ending June 30, 2025
Quarterly Treasurerʹs Investment
Report for Quarter Ending September
30, 2025
Internal Audit and Fraud, Waste, and
Abuse Programs Update
Internal Audit and Fraud, Waste, and
Abuse Programs Update
Internal Audit and Fraud, Waste, and
Abuse Program Update
Internal Audit and Fraud, Waste, and
Abuse Program Update
Annual Review of City Investment
Policy
Fiscal Year 2024‐25 ACFR Interim
Testing Update
Annual Review of OPEB and Pension
Trust Investment Policies
Internal Audit Program Audit Committee Duties, Powers, and
Responsibilities ‐ (5/20/25 CC meeting)
Fiscal Year 2024‐25 ACFR Update
FY 23‐24 Agreed Upon Procedures
(AUP) Review ‐ GANN Limit,
Investment Policy, Storm Drain
Budget Format Review Update and
Subcommittee
Budget Format Review (Tentative)
Updated Budget Format
Implementation Action Plan (IAP)
Special Revenue Fund Audit Update
Summary of Duties – Powers – Responsibilities of
Cupertino Audit Committee
Source: Cupertino, CA Municipal Code, Chapter 2.88.100: Audit Committee
The powers and functions of the Audit Committee shall be as follows:
To review the annual audit report and management letter;
To recommend appointment of auditors;
To review the quarterly Treasurer’s Investment report;
To recommend a budget format;
To review City investment policies and internal controls of such policies.
To recommend appointment of internal auditors;
To review internal audit reports.
To review quarterly Fraud, Waste, and Abuse Program reports. (Ord. 22-2243 § 1, 2023; Ord. 20-2208, § 1, 2020; Ord. 1679, § 1 (part), 1995)
CITY OF CUPERTINO ‐ AUDIT COMMITTEE 2025 SCHEDULE AND WORK PLAN
50