HomeMy WebLinkAbout2021-02-09 Policy & Services Committee Action MinutesPOLICY AND SERVICES COMMITTEE
ACTION MINUTES
Page 1 of 2
Regular Meeting
February 9, 2021
The Policy and Services Committee of the City of Palo Alto met on this date
in virtual teleconference at 7:01 P.M.
Present: Kou, Stone, Tanaka
Absent:
Agenda Items
1.Discussion and Recommendation to the City Council to Accept the CityAuditor’s Risk Assessment Report, Annual Audit Plan, and Quarterly
Status Report.
MOTION: Council Member Stone moved, seconded by Council Member
Tanaka to take the following actions and forward the corresponding reports
to City Council for approval:
A.Accept the Fiscal Year 2021 Risk Assessment Report and recommend
City Council approval;
B.Approve the Fiscal Year 2021 Audit Plan Report and recommend City
Council approval with the following changes:
i.Reprioritization of the Public Safety Building audit activity,
instructing the City Auditor to draft a Task Order for a City
Council agenda item;
ii.De-prioritization of the Investment Management audit activity
and not seeking approval of the Task Order at this time;
C.Approve the following Task Orders, identified in the Audit Plan Report:
i.Construction Project Controls;
ii.Asset Capitalization;
iii.Assessment of SAP Functionality and Internal Controls;
iv.IT Risk Management;
DRAFT ACTION MINUTES
Page 2 of 2
Policy & Services Meeting
Action Minutes: 02/09/2021
v. Investment Management;
vi. Power Purchase Agreements;
vii. Economic Recovery Advisory; and
D. Accept the City Auditor’s Office Quarterly Status Report covering
October – December 2020.
MOTION PASSED: 3-0
Adjournment: The meeting was adjourned at 8:58 P.M.