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Audit 07-27-00 City of Cupertino Audit Committee Regular Meeting July 27, 2000 1. CALL TO ORDER At 10:55 a.m., Carol Atwood called the meeting to order in Conference Room A, Cupertino City Hall, 10300 Torre Avenue. 2. ROLL CALL Present at the meeting were Carol Atwood, Tom Hall, Richard Lowenthal, Dorothy Steenfott, Emily Wagner Absent: Jennifer Chang, Sandra James 3. APPROVAL OF MINUTES Tom Hall moved to approve the minutes of the regular meeting of May 19, 2000. Richard Lowenthal seconded and motion carried unanimously with Jennifer Chang and Sandra James absent. 4. NEW BUSINESS A. New Auditors Carol Atwood introduced Cory Biggs, Maze & Associates. Cory described his firm's philosophy regarding financial auditing. He stated that they are specialized on government audits only and that the emphasis of the audit is on cash and investments. B. Investment Report Carol Atwood reviewed the report with the committee. C. Other The next meeting will be held on October 25 at 2:00 p.m. 5. ADJOURNMENT The meeting was adjourned at II :45 a.m.