Risk and Audit Committee November 15, 2022

Oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance and other independent reassurance activities.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.

November 15, 2022

View November 15, 2022 Risk & Audit Committee Open Session Meeting Transcript (PDF)

Open Session

11:00 a.m.
Or upon adjournment of the Finance and Administration Committee – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report (Verbal Report)Kevin L. Fein
   3. Action Consent ItemsKevin L. Fein
      1. Approval of the November 15, 2022 Risk & Audit Committee Timed Agenda (PDF)
      2. Approval of the June 14, 2022 Risk & Audit Committee Meeting Minutes (PDF)
   4. Information Consent ItemsKevin L. Fein
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the February 2023 Risk & Audit Committee Meeting (PDF)
      3. Quarterly Status Report – Office of Audit Services (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Status Report – Enterprise Risk Management (PDF)
         1. Attachment 1 (PDF)
      5. Enterprise Risk Management Framework Review (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
         5. Attachment 5 (PDF)
      6. Status Report – Enterprise Compliance Activity (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
         5. Attachment 5 (PDF)
   5. Action Agenda Items
      1. Independent Auditor’s Report – Fiscal Years 2021-22 (PDF) Beliz Chappuie, BDO, MicheleNix, Michael Cohen
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. Review of Independent Auditor’s Management Letter (PDF)Beliz Chappuie, BDO, MicheleNix, Michael Cohen
         1. Attachment 1 (PDF)
   6. Information Agenda Items
      1. Chief Compliance Officer Update on Preliminary Plans (PDF)Kevin L. Fein
      2. Summary of Committee Direction Kevin L. Fein
      3. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1) and (g)(1))

1. Item
   1. Call to Order and Roll Call
   2. Action Consent ItemsKevin L. Fein
      1. Approval of the June 14, 2022 Risk & Audit Committee Closed Session Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Chief Compliance OfficerKevin L. Fein
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie

   Open Session

   Upon adjournment of Closed Session

   7. Adjournment of the Meeting