State Compensation Insurance Fund
Board of Directors
Audit Committee
September 9, 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 July 8, 2010 Closed Meeting Minutes |
| Information/Julie Rhodes, KPMG | 4. | Report of External Auditor |
| Information/Lisa Middleton and Marie Wardell |
5. | Report on Audit Completion Process [Government Code Sections 11126(j)(2)(3)(4)] |
| Information/Lisa Middleton and Marie Wardell |
6. | Update on Outstanding Audits and Investigations |
Action/Doug Stewart, Jay Stewart, Don Butler and Michael Corey |
7. | Model Audit Rule Implementation |
| Information/Jay Stewart | 8. | Accounting for Employee Benefits |
| 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 July 8, 2010 Open Meeting Minutes |
| Attachment | ||
| Information/Frank Quinlan | 11. | Committee Member Presentations (Oral) |
| Information/Frank Quinlan | 12. | Proposals and Suggestions for November 18, 2010 Agenda (Oral) |
| Information | 13. | Public Comment |
| Next Committee Meeting November 18, 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.
