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File #: 2022-0035    Version: 1 Name:
Type: Action Item Status: Passed
File created: 1/26/2022 In control: Board of Port Commissioners
On agenda: 4/12/2022 Final action: 4/12/2022
Title: RESOLUTION APPROVING THE 2022 ANNUAL WORK PLAN FOR THE AUDIT OVERSIGHT COMMITTEE PURSUANT TO BOARD OF PORT COMMISSIONERS (BPC) POLICY NO. 776, PORT AUDIT OVERSIGHT COMMITTEE POLICY
Attachments: 1. 1. 2022-0035 Attachment A, 2. 1. 2022-0035 Draft Resolution

DATE:                      April 12, 2022

 

SUBJECT:

 

Title

RESOLUTION APPROVING THE 2022 ANNUAL WORK PLAN FOR THE AUDIT OVERSIGHT COMMITTEE PURSUANT TO BOARD OF PORT COMMISSIONERS (BPC) POLICY NO. 776, PORT AUDIT OVERSIGHT COMMITTEE POLICY

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EXECUTIVE SUMMARY:

 

Pursuant to Board of Port Commissioners (BPC) Policy No. 776, the Port Audit Oversight Committee shall identify at their first meeting a general work plan with goals. The work plan is then forwarded to the Board. On March 24, 2022 the Audit Oversight Committee (Committee) reviewed the draft 2022 Work Plan and it is now ready for Board approval.

 

RECOMMENDATION:

 

Recommendation

Adopt a Resolution approving the 2022 Annual Work Plan for the Audit Oversight Committee.

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FISCAL IMPACT:

 

This item has no fiscal impact.

 

Compass Strategic Goals:

 

This agenda item complies with BPC Policy No. 776, Port Audit Oversight committee and supports the following Strategic Goal(s).

 

                     A Port that the public understands and trusts.

                     A financially sustainable Port that drives job creation and regional economic vitality.

 

DISCUSSION:

 

In compliance with BPC Policy No. 776, the Committee reviewed the work plan (Attachment A) during their meeting on March 24, 2022. In support of the District's Compass Strategic Goals, the Committee's work plan focuses on six general categories including review of audited financial statements, external auditor matters, internal auditor work, and performance assessment. Committee members discussed the work plan and recommended the plan be submitted to the BPC for approval.

 

General Counsel’s Comments:

 

The Office of the General Counsel reviewed and approved this agenda and proposed resolution, as presented, as to form and legality.

 

 

 

Environmental Review:

 

The proposed Board action does not constitute a “project” under the definition set forth in California Environmental Quality Act (CEQA) Guidelines Section 15378 because it will not have a potential to result in a direct or indirect physical change in the environment and is, therefore, not subject to CEQA.  No further action under CEQA is required.

The proposed Board action complies with Sections 21 and 35 of the Port Act, which authorizes the Board to pass all necessary ordinances and resolutions for the regulation of the District; and to do acts necessary and convenient for the exercise of its power. The Port Act was enacted by the California Legislature and is consistent with the public Trust Doctrine. Consequently, the proposed Board action is consistent with the Public Trust Doctrine.

 

Finally, the proposed Board action does not allow for “development,” as defined in Section 30106 of the California Coastal Act, or “new development,” pursuant to Section 1.a. of the District’s Coastal Development Permit Regulations. Therefore, issuance of a Coastal Development Permit or exclusion is not required.

 

Diversity, Equity, and Inclusion Program:

 

This agenda sheet has no direct DEI impact on District contracting or workforce reporting at this time.

 

PREPARED BY:

 

Mark Yeilding

Port Auditor, Office of the Port Auditor

 

 

Attachment(s):

Attachment A:                      2022 Audit Oversight Committee Annual Work Plan