Risk and Audit Committee November 16, 2021

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.)

Meeting Agenda for November 16, 2021

View November 16, 2021 Risk & Audit Committee Open Session Meeting Transcript (PDF)

Open Session

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

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Approval of the November 16, 2021 Risk & Audit Committee Timed Agenda (PDF)
   3. Executive Report (Verbal Report)Warren Astleford
   4. Action Consent ItemsWarren Astleford
      1. Approval of the September 14, 2021 Risk & Audit Committee Meeting Minutes (PDF)
   5. Information Consent ItemsWarren Astleford
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the February 2022 Risk & Audit Committee Meeting (PDF)
      3. Quarterly Status Report – Office of Audit Services (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      4. Status Report – Enterprise Risk Management (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. Status Report – Enterprise Compliance Activity (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   6. Action Agenda Items
      1. Independent Auditor's Report – Fiscal Years 2020-21 (PDF)Beliz Chappuie
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. Review of Independent Auditor's Management Letter (PDF)Beliz Chappuie
         1. Attachment 1 (PDF)
   7. Information Agenda Items
      1. Summary of Committee Direction (Verbal Report)Warren Astleford
      2. 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
      1. Approval of the September 14, 2021 Risk & Audit Committee Closed Session Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Interim Chief Compliance OfficerWarren Astleford
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie
      3. Personnel, Employment and Performance, Chief Risk OfficerForrest Grimes

Notes

1. 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.
2. 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.
3. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each 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.
4. Board Members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.