State Compensation Insurance Fund
Board of Directors
Audit Committee
July 8, 2010
8:00 a.m.
Benicia Room, Milton Marks Conference Center
455 Golden Gate Avenue
San Francisco, CA 94102
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 |
| 2. | Public Comment on Appropriateness of Closed Session for Items 4 through 8 | |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 3. | Approval of May 20, 2010 Closed Meeting Minutes |
| Information/Lisa Middleton Marie Wardell |
4. | Update on Outstanding Audits and Investigations |
| Information/Lisa Middleton, Marie Wardell and Jim Neary |
5. | Enterprise Risk Management Controls and Audit Plan |
| Action/Jay Stewart and Don Butler | 6. | Model Audit Rule Implementation |
Information/Lisa Middleton and Marie Wardell and Jay Stewart |
7. | Update on CDI Ops Review and Triennial Financial Exam |
| Information/Harrison Jerome | 8. | Premium Audit Review |
| OPEN SESSION | 9:00 a.m. or upon adjournment or recess of the Closed Session whichever is later |
|
| Action/Frank Quinlan | 9. | Call to Order and Roll Call |
| Action/Frank Quinlan | 10. | Approval of May 20, 2010 Open Meeting Minutes |
| Attachment | ||
| Information/Lisa Middleton, Marie Wardell |
11. | Report on Closed Audits |
| Attachment | ||
| Information/Jay Stewart/KPMG | 12. | Report on Public Audit (Oral) |
| Information/Frank Quinlan | 13. | Committee Member Presentations (Oral) |
| Information/Frank Quinlan | 14. | Proposals and Suggestions for September 9, 2010 Agenda (Oral) |
| Information | 15. | Public Comment |
| Next Committee Meeting September 9, 2010 | ||
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.
