COMMITTEE AGENDA MEMORANDUM
Board Audit Committee
Government Code § 84308 Applies: Yes ? No ?
(If “YES” Complete Attachment A – Gov. Code § 84308)
SUBJECT: title
Receive and Discuss 2024 Board Policies Compliance Audit Report with Management Response; Refer the Final 2024 Board Policies Compliance Audit Report to the Board.
End
RECOMMENDATION:
Recommendation
Receive and discuss the 2024 Board Policies Compliance Audit Report with Management Response, and
Refer the final 2024 Board Policies Compliance Audit Report to the Board.
Body
SUMMARY:
The Board Audit Committee (BAC) was established by the Santa Clara Valley Water District Board of Directors (Board) to identify potential areas for audit and audit priorities, and to review, update, plan, and coordinate execution of Board audits.
Per the BAC Charter, Article VI, Paragraph 5, Review of Final Audit Results/Notice to Board, the Committee shall review the observations and conclusions of all audits conducted pursuant to the Annual Audit Plan. Upon finalization of the audits and any related reports, the Committee shall provide the Board with the results and make any recommendations to the Board regarding improvement of program performance and operations, cost reductions, and best practices. . .”
On December 12, 2023, the Board accepted the Risk Assessment conducted by the Chief Audit Executive (CAE). At its meeting on January 17, 2024, the BAC identified four (4) topics from the Risk Assessment for audit, including the Board Policies Compliance Audit. The four (4) audit topics were approved by the full Board at its meeting on January 23, 2024.
The requested audit of Board Policies Compliance focused on evaluating Valley Water’s overall compliance with board governance policies, ends policies, and executive limitations policies. The audit included reviewing policies that guide the Board’s governing processes, delegate certain powers to management, communicate Valley Water’s mission, general princ...
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