State Compensation Insurance Fund
Board of Directors
Audit Committee
January 20, 2011
8:00 a.m.
One Leidesdorff
Mezzanine – Conference Room 1
344 Pine Street
San Francisco, CA 94104
COMMITTEE MEMBERS
Francis E. Quinlan, Chair
Steven L. Rank
William Zachry
James Richardson (Alternate)
| OPEN SESSION | 8:00 a.m. |
|
| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Approval of November 18, 2010 Open Meeting Minutes |
| Attachment | ||
| Information/Leigh Wilson, KPMG | 3. | US Longshore & Harbor Workers Compensation Audit |
| Attachment | ||
| Information/Marie Wardell | 4. | Completed Closed Audits
|
| Attachment | ||
| Action/Frank Quinlan | 5. | Public Comment on Appropriateness of Closed Session for Items 8 through 13. |
| Information | 6. | Public Comment |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 7. | Approval of November 18, 2010 Closed Meeting Minutes |
| Information/Dan Sevilla and Don Butler | 8. | Model Audit Rule Report and Attestation of MAR Testing [Government Code Sections 11126 (j)(3)(4)] |
| Information/Dan Sevilla/Leigh Wilson, KPMG/Randy Keen, Manatt, Phelps & Phillips LLP | 9. | Pension and OPEB Financial Statement Disclosures [Government Code Sections 1126 (j)(3)(4)] |
| Information/Marie Wardell | 10. | Update on Outstanding Audits and Investigations [Government Code Sections 11126(j)(2)(3)]
|
| Action/Marie Wardell | 11. | Proposed 2011 Audit Plan [Government Code Sections 11126(j)(2)(3)] |
| Information/Carol Newman and Andreas Acker | 12. | Personnel Matters [Government Code Sections 11126(a), (j)(4)]
|
| Information/Carol Newman and Marie Wardell | 13. | Proposed 2011 Preliminary Audit Agenda [Government Code section 11126(j)(4)] |
| OPEN SESSION | 9:45 a.m. or upon adjournment or recess of the Closed Session, whichever is later |
|
| Action/Frank Quinlan | 14. | Call to Order and Roll Call |
| Information/Frank Quinlan | 15. | Committee Member Presentations |
| Information/Frank Quinlan | 16. | Proposals and Suggestions for March 17, 2011 |
| Next Committee Meeting March 17, 2011 |
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.
