ABOUT LACERA

AUDIT COMMITTEE AGENDA 9-29-09

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. ACTION ITEMS
   1. Recommendation as submitted by Richard Bendall, Chief Internal Auditor:

      Internal Audit recommends your Committee review the results of Staff’s evaluations and direct Internal Audit to submit, the attached recommendation memo to the LACERA Board of Retirement for the Board’s consideration in selecting 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. (Memo dated September 1,2009)

2. CONSULTANT COMMENTS

   Timothy O’Brien – Audit Committee Consultant (Oral presentation only)

3. GOOD OF THE ORDER

   (For discussion purposes only)

4. ADJOURNMENT

Documents subject to public disclosure that relate to an agenda item for an open session of the Board of Investments that are distributed to members of the Board of Investments 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 Board of Investments 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.

9/8/09