ABOUT LACERA

AUDIT COMMITTEE AGENDA 12-9-09

LACERA

300 N. Lake Ave., Suite 810
Pasadena, CA 91101

9:00 AM

2009 COMMITTEE MEMBERS

• Simon S. Russin, Chair
• Ed C. Morris, Vice Chair
• Herman B. Santos, Secretary
• William de la Garza
• William R. Pryor
• Michael Schneider

CONSULTANT

• Timothy O’Brien – Audit Committee Consultant

1. APPROVAL OF THE MINUTES OF THE REGULAR AUDIT COMMITTEE MEETING OF JULY 29, 2009, AND THE SPECIAL MEETING OF THE AUDIT COMMITTEE OF SEPTEMBER 29, 2009
2. PUBLIC COMMENT
3. REPORTS
   1. Status of Contract re LACERA’s external financial statement auditor for the five year period beginning January 1, 2010 and ending December 31, 2014, with a two year extension at the option of LACERA. Richard Bendall, Chief-Internal Audit (Oral presentation only)
   2. Brown Armstrong Presentation of the Reports for Fiscal Year Ended June 30, 2009 Reports and Agenda from Brown Armstrong et. al. (Memo dated October 27, 2009) Presentation by: Brown Armstrong, Certified Public Accountants Andrew Paulden, Managing Partner (Brown Armstrong Agenda Memo)
   3. Internal Audit Staffing Report Richard Bendall, Chief Internal Audit (Oral presentation only)
   4. Audit Plan Status Report – As of November 15, 2009 Sarah Marks, Principal Internal Auditor (Memo dated November 23, 2009)
   5. Summary of Significant Work Completed / In-Progress Since Last Audit Committee Meeting [As of November 30, 2009] Richard Bendall, Chief-Internal Audit Sylvia Botros, Internal Auditor Nathan Amick, Internal Auditor (Memo dated November 30, 2009)
   6. LACERA – Network Access Vulnerability Assessment conducted by Foundstone– August 20, 2009 George Lunde, Senior Internal Auditor James Pu, Assistant Division Manager, Systems (Memo dated November 16, 2009)
   7. Status of Other External Audits Not Conducted at the Discretion of Internal Audit No items to report.
4. ACTION ITEMS
   1. Recommendation as submitted by Richard Bendall, Chief-Internal Audit: Staff requests that your Committee approve the proposed, updated LACERA Audit Committee Charter. (Memo dated November 30, 2009)
5. FOR INFORMATION ONLY

   No items to report.

6. CONSULTANT COMMENTS Timothy O’Brien – Audit Committee Consultant

   (Oral presentation only)

7. GOOD OF THE ORDER

   (For discussion purposes only)

8. ADJOURNMENT

Documents subject to public disclosure that relate to an agenda item for an open session of the Audit Committee that are distributed to members of the Audit Committee less than 72 hours prior to the meeting will be available for public inspection at the time they are distributed to a majority of the Audit Committee Members at LACERA’s offices at 300 N. Lake Avenue, Suite 820, Pasadena, CA 91101, during normal business hours of 9:00 a.m. to 5:00 p.m. Monday through Friday.

Listening Devices are available at days notice before the meeting date. Persons requiring an alternative format of this public notice pursuant to Section 202 of the Americans with Disabilities Act of 1990 may request one by contacting Cynthia Guider at (626) 564-6000, x3327 from 8:30 a.m. to 5:00 p.m. Monday through Friday, but no later than 48 hours prior to the time the meeting is to commence.

12/7/09