Loading...
AC 8-4-2025 PresentationsAC 8-04-2025 Item No.1 Budget Format Review and Formation of Budget Subcommittee Presentations July 28, 2025 OpenGov Budget Examples Budget Format Timeline Sample OpenGov Publications Cupertino's Prototype Budget Agenda 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 1.Oakland, CA Home page Summaries Information Expenditures 2. Durango, CO Home page Organizational Stewardship Page 3. Pasadena, CA Home page 4. Cupertino's Prototype Budget Home page Departments Navigation Page Council and Commissions Home Page Division Programs Division Summary Example Summarized at division Links to the programs within this division Summarized by division Program Page example Summarized at the program level Narrative migration Detail by program Table of Contents (Index) 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 Thank you Questions? •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 AC 8-4-2025 Item No.2 Audit Committee Schedule and Work Plan Presentations 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