Audit 05-20-96
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Cupertino
City of Cupertino
CUPERTINO AUDIT COMMITTEE
Regular Adjourned Meeting
May 20,1996
MINUTES
1.
CALL TO ORDER
Carol Atwood called the meeting to order at 7:32 a.m. in Conference Room A of Cupertino
City HaIl, 10300 Torre Avenue.
2.
ROLL CALL
Members Present: Councilmembers Lauralee Sorensen and John Bautista, City Manager
Don Brown, Administrative Services Director Carol Atwood and Community
Representative Tom Hall. Members Absent: None.
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3.
APPROVAL OF MINUTES April I, 1996
Motion by Brown; Second by Sorensen. Approved by all present.
4.
ORAL COMMUNICATIONS
None
5.
NEW BUSINESS
Carol Atwood reviewed the 1996/97 budget with specific attention to new programs, the
general fund, reserve policies and the five year projections. John Bautista requested
clarification on neighboring Sunday library hours as the City is considering expanding our
current Sunday hours.
Extension of the committee membership was discussed. The committee will consider
investment bankers, but not bank branch managers or treasurers of another municipality.
The intent is to gain expertise in the area of investments and preferably gain someone who
is familiar with municipal requirements.
The committee will meet quarterly at the end of January, April, July and October. Special
meetings can be called when necessary. The next two meeting dates are July 29 and
October 28.
Items for the next meeting:
. New committee member nominees;
. Status of year-end close;
. Status of the audit preliminary field work.
ADJOURNMENT
At 8: 19 am the committee concurred to adjourn to July 29, 1996 at 7:30am, Conference room A .
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Carol Atwood, Chair
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