Title
Oral update from the Chair of the Audit/Risk Committee.
• Approval of the Q3 2026 travel and attendance report for the Police and Fire Department Retirement Plan.
• Discussion and action regarding communication to the Board of Administration of the City of San Jose Police and Fire Department Retirement Plan from Macias Gini & O’Connell (MGO), the Plan’s external auditor:1. Independent auditor’s report on the internal control over financial reporting, compliance and other matters based on an Audit of Financial Statements performed. 2. Independent auditor’s Management Letter comments and recommendations regarding audit findings.
• Discussion and action on the approval of the Police and Fire Department Retirement Plan’s Annual Comprehensive Financial Reports for the Fiscal Year 2025-2026.
• Discussion and presentation on City Auditor Report 26-04, Employee Turnover and Succession Planning, and its connection to Theme 5 of the Strategic Plan.
• Discussion on updates to the Police and Fire Department Retirement Plan and Federated City Employees’ Retirement System Internal Audit Charter.
• Discussion on the status of outstanding Internal Audit recommendations.