Risk and Audit Committee - June 12, 2024

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. In accordance with Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for June 12, 2024

View June 12, 2024 Risk & Audit Committee Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call
   2. Executive Report Kevin L. Fein
   3. Action Consent ItemsKevin L. Fein
      1. Approval of the June 12, 2024, Risk and Audit Committee Timed Agenda
      2. Approval of the February 20, 2024, Risk and Audit Committee Meeting Minutes
      3. Review of the Risk and Audit Committee Delegation
         1. Attachment 1 (PDF)
      4. Office of Audit Services Charter Update
         1. Attachment 1 (PDF)
   4. Information Consent ItemsKevin L. Fein
      1. Annual Calendar Review
      2. Draft Agenda for the September 17, 2024 Risk and Audit Committee Meeting
      3. Quarterly Status Report - Office of Audit Services
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Status Report - Enterprise Risk Management
         1. Attachment 1 (PDF)
      5. Status Report – Enterprise Compliance Activity
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
   5. Action Agenda Items
      1. 2024-25 Enterprise Compliance, Risk, & Governance Annual Plan Kevin L. Fein
         1. Attachment 1 (PDF)
      2. 2024-25 Office of Audit Services Plan Beliz Chappuie
         1. Attachment 1 (PDF)
      3. Independent Auditor’s Annual Plan Beliz Chappuie and BDO
         1. Attachment 1 (PDF)
   6. Information Agenda Items
      1. 2023-24 Annual Compliance Report Kevin L. Fein
         1. Attachment 1 (PDF)
      2. Final Actuarial Review Report Randall Dziubek and David Driscoll of Buck Global, LLC
         1. Attachment 1 (PDF)
      3. Summary of Committee Direction Kevin L. Fein
      4. 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 Items Kevin L. Fein
      1. Approval of the February 20, 2024 Risk and Audit Committee Closed Session Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Chief Compliance Officer Kevin L. Fein
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie

Open Session

Upon Adjournment of Closed Session

1. 7. Adjournment of Meeting