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CalHFA Audit Committee Discusses Charter Changes and Information Security Updates

October 25, 2024 | Housing Finance Agency, Agencies under Office of the Governor, Executive, California


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CalHFA Audit Committee Discusses Charter Changes and Information Security Updates
The CalHFA Audit Committee convened on October 23, 2024, to discuss critical updates and proposed amendments that could significantly impact the agency's operations and security measures. Chaired by Delilah Sotelo, the meeting commenced with a quorum established despite the absence of a representative from the state treasurer's office.

One of the key highlights was the annual information security update presented by Deputy Chief Information Officer Puja Deshmukh. This update is crucial as it addresses the agency's ongoing efforts to enhance its cybersecurity measures, a topic that has garnered robust discussions in previous meetings. The committee expressed enthusiasm for the advancements in information technology and security protocols, emphasizing the importance of safeguarding sensitive data.

Additionally, the committee reviewed and approved the minutes from the previous meeting held on September 19, 2024, with no changes noted. This procedural step ensures transparency and continuity in the committee's work.

Another significant agenda item was the proposed amendments to the committee's charter. These amendments are expected to refine the committee's operations and enhance its effectiveness in overseeing CalHFA's financial and operational integrity. The discussion around these amendments is anticipated to continue in future meetings, reflecting the committee's commitment to improving governance.

As the meeting concluded, Chair Sotelo noted the importance of these discussions in the context of the agency's broader goals, particularly in ensuring the security and efficiency of its operations. The committee plans to report back to the overall board, highlighting the outcomes of this meeting and the ongoing efforts to bolster CalHFA's mission in serving the community.

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