MINUTES

AUDIT COMMITTEE

May 3, 2018

BOARD ROOM

348 WEST HOSPITALITY LANE, FIRST FLOOR

SAN BERNARDINO, CA

 

Trustees Present:

 

 

BRENDAN BRANDT, Committee Chair

LOUIS FIORINO, Committee Member

JOHN MICHAELSON, Committee Member

VERE WILLIAMS, Committee Member

 

 

 

Others Present:

 

 

MICHAEL CALABRESE, Chief Counsel

JULIE UNDERWOOD, Chief Fiscal Services

DONALD PIERCE, Chief Investment Officer

CHRISTA JAMES, Recorder

 

 

1.

Call meeting to order.

 

Committee Chair Brandt called the meeting to order at 8:07 a.m.

 

2.

Action: Approve minutes of Audit Committee of February 15, 2018.

 

Williams moved, Michaelson seconded, to Approve minutes of Audit Committee of February 15, 2018.

Ayes: Brandt, Fiorino, Michaelson, Williams

Motion Passed.

 

3.

Action: Review and discuss the Request for Proposal process for actuarial auditing services, and recommend to the Board of Retirement to authorize the Managing Trustee to execute a one-year contract with Cheiron for actuarial auditing services for an amount not to exceed $85,000.

 

Michaelson moved, Brandt seconded, to recommend that the Board of Retirement authorize the Managing Trustee to execute a one-year contract with Cheiron for actuarial auditing services for an amount not to exceed $85,000.

Ayes: Brandt, Fiorino, Michaelson, Williams

Motion Passed.

 

 

 

PUBLIC COMMENT

 

No Public Comment was provided.

 

 

ADJOURN

 

Committee Chair Brandt adjourned the meeting at 8:21 a.m.

 

 

 

Respectfully submitted,

 

 

 

 

 


BRENDAN BRANDT, Committee Chair                          DONALD PIERCE, Acting

                                                                                                Board Secretary

 

 

 

DATED