Risk & Audit Committee - September 16, 2026

The Risk & Audit Committee oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance and other independent reassurance activities.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with Government Code section 11123.2 (amended by Stats. 2025, ch. 222, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for September 16, 2026

Open Session

8:30 a.m.

Item

1. Call to Order and Roll Call (PDF)
2. Executive Report (PDF) — Prashant Yerramalli
3. Action Consent Items — Prashant Yerramalli
   1. Approval of the September 16, 2026, Risk & Audit Committee Timed Agenda (PDF)
   2. Approval of the June 17, 2026, Risk & Audit Committee Meeting Minutes (PDF)
4. Information Consent Items — Prashant Yerramalli
   1. Annual Calendar Review (PDF)
   2. Draft Agenda for the November 18, 2026, Risk & Audit Committee Meeting (PDF)
   3. Quarterly Status Report (PDF) — Office of Audit Services
      • Attachment 1 (PDF) — Employer Compliance Review - Open Observations Over 1 Year
   4. Status Report (PDF) — Enterprise Compliance Activity
      • Attachment 1 (PDF) — Status Report – Enterprise Compliance Activity – May FY 2025-26
      • Attachment 2 (PDF) — Status Report – Enterprise Compliance Activity – June FY 2025-26
      • Attachment 3 (PDF) — Status Report – Enterprise Compliance Activity – July FY 2026-27
5. Information Agenda Items
   1. Summary of Committee Direction – Prashant Yerramalli
   2. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1) and (g)(1))

Item

1. Call to Order and Roll Call
2. Action Consent Items – Prashant Yerramalli
   1. Approval of the June 17, 2026, Risk & Audit Committee Closed Session Meeting Minutes
3. Information Agenda Items
   1. Personnel, Employment and Performance, Chief Auditor – Beliz Chappuie

Open Session

Upon adjournment of the Closed Session

6. Adjournment of Meeting