Audit 10-20-04
City of Cupertino
Audit Committee
Regular Meeting
October 20, 2004
1. CALL TO ORDER
At 4:05 p.m., Carol Atwood called the meeting to order at Cupertino City Hall,
Conference Room A, 10300 Torre Avenue, Cupertino.
2. ROLL CALL
Community Members: Gillian Enos, Myoung Kang; Garrett Wade
City Council: Dolly Sandoval, Kris Wang
City Staff: Carol Atwood, Carol Augustine
3. APPROVAL OF MINUTES
Dolly Sandoval moved to approve the minutes of the regular meeting of July 21,2004.
Gillian Enos seconded and motion passed unanimously with Myoung Kang absent and
Kris Wang abstained.
4. ORAL COMMUNICATIONS
None
6. NEW BUSINESS
A. Annual Audit Update
Carol Augustine updated the committee on the audit status. She stated that the
City would be updating the financials and that the audit is much farther along this
year compared to last year. She also reviewed the interim audit comments and
indicated that the City has appropriately addressed and resolved all comments.
B. Investment Report!Budget Status
Carol Augustine reviewed the Treasurer's Report for August.
October 20, 2004
Audit Committee
Page 2
C. Bank Transfer Update
Carol Augustine updated the committee on the status of the change in banking
provider. She indicated that meetings were being held to ensure a smooth
transition and that the transfer would occur on December 1.
6. ADJOURNMENT
The meeting was adjourned at 4:52 p.m.