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Cupertino council approves renaming audit panel, asks committee to expand financial oversight
Summary
The City Council voted unanimously to rename its audit committee the Audit and Finance Committee, direct staff to shift some reports to the consent calendar and ask the committee to consider a larger role in financial oversight and scheduling.
The Cupertino City Council voted unanimously Wednesday evening to endorse changes to the city's audit committee scope and to send follow-up directions back to the committee.
The council approved a package of changes that renames the audit committee to the Audit and Finance Committee, asks the committee to consider holding more regular meetings, directs staff to place monthly treasurer and investment reports on the council consent calendar, and asked the committee to study possible expanded financial oversight duties, including a potential budget subcommittee. Those measures passed by a unanimous roll-call vote.
Council members said the changes reflect the committee's work in recent years and the city's growing financial oversight needs.…
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