Audit and Finance Committee Formation

At a glance

• What: Ordinance 26-2285: rename Audit Committee to Audit and Finance Committee; update duties and powers; update Director of Finance title.
• Where it stands: Second reading enacted September 15, 2026 (5-0).
• Status: Completed. Committee renamed; AI oversight added to duties.

Key changes

1. Rename Audit Committee as "Audit and Finance Committee"
2. Modify Section 2.88.100(g): "To review the City's internal controls and internal audit reports"
3. Add Section 2.88.100(i): "To review the use of emerging technologies such as artificial intelligence in the City's financial reporting, internal controls over financial reporting, risk management, and compliance"
4. Update Section 2.88.110 to reference Director of Finance (instead of Director of Administrative Services)

Council action (September 15)

• Item: 9 (Consent Calendar)
• Motion: Wang moved and Mohan seconded the staff recommendation as amended
• Amendment: Added "emerging technologies such as" before "artificial intelligence" in section 2.88.100(i)
• Vote: Passed 5-0 (Moore, Chao, Fruen, Mohan, Wang all ayes)
• Additional action: Wang and Moore requested future agenda item to transition committee toward more forward-looking approach

Council action (September 1)

• Item: 12 (Action Calendar)
• Motion: Wang moved and Fruen seconded the staff recommendation as amended
• Amendment: Added "emerging technologies such as" before "artificial intelligence"
• Vote: Passed 5-0 (Moore, Chao, Fruen, Mohan, Wang all ayes)
• First reading: Introduced and conducted

Director of Finance and presenters

• Director of Finance Jonathan Orozco introduced and presented the item at both meetings
• Baker Tilly managing principal and staff presented at some portions

Sources

• Minutes, September 15, 2026: https://cupertino.legistar.com/View.ashx?M=M&ID=1365646&GUID=1C097E6F-4111-4C81-B2CE-519AB3C63254
• Minutes, September 1, 2026: https://cupertino.legistar.com/View.ashx?M=M&ID=1365645&GUID=1A5EB7F4-E11B-4A01-B87F-A5884FC0469E

Log

2026-10-26 - Audit and Finance Committee

The renamed committee met 10/26/2026: Vice-Chair appointment (action item), OPEB and Pension Section 115 Trust performance, Treasurer's investment report, ACFR update and amendments to the Fraud, Waste and Abuse policy. Minutes not yet posted.

2026-09-15 - City Council

Second reading and enactment. Motion (Wang/Mohan) passed 5-0 as amended to enact Ordinance 26-2285. Amendment added "emerging technologies such as" before AI in section 2.88.100(i). Mayor Moore and Councilmember Wang requested future agenda item to transition committee toward forward-looking approach.

2026-09-01 - City Council

First reading. Motion (Wang/Fruen) passed 5-0 as amended to introduce and conduct first reading. Amendment added "emerging technologies such as" before AI in section 2.88.100(i).