COMMITTEE AGENDA MEMORANDUM
Board Audit Committee
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: title
Discuss 2026 Annual Audit Plan (Risk Assessment, Asset Management, Pacheco Reservoir Project, and Investigations Process), Receive Status of Open Board-Directed Audit Engagements, and Provide Feedback as Needed.
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RECOMMENDATION: Recommendation
A. Discuss 2026 annual audit plan (Risk Assessment, Asset Management, Pacheco Reservoir Project, and Investigations Process),
B. Receive status of open Board-directed audit engagements, and
C. Provide feedback as needed.
Body
SUMMARY:
The Board Audit Committee (BAC) has directed the initiation of eight audit engagements that remain open as of May 2026.
* The Board Policy Compliance Audit is in the reporting phase and the draft report has been provided to management for initial review.
* The Water Usage and Demand Forecasting audit is concluding the fieldwork stage and is initiating the draft report which is currently expected for review in May 2026.
* The Contracting Practices audit is in the reporting phase; management has been briefed on the audit findings and the draft report will be submitted to management for review in May 2026.
* The Capital Project Delivery audit commenced later than anticipated and remains in the fieldwork stage, with completion projected for late Q2 2026.
* The Asset Management audit commenced in February 2026 and the draft report is expected to be submitted to management for initial review in Q3 of Calendar Year 2026.
* The Investigations Process audit commenced in April 2026 with an initial planning and scoping phase, and the draft report is expected to be submitted to management for initial review in Q4 of Calendar Year 2026.
* The Pacheco Reservoir Project audit is anticipated to commence in Q3 of Calendar Year 2026.
* The Districtwide Risk Assessment is anticipated to commence in Q3 or Q4 of Calendar Year...
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