DATE: April 11, 2023
SUBJECT:
Title
RESOLUTION APPROVING THE 2023 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 a general work plan with goals at their first meeting. The work plan is then forwarded to the Board. On March 16, 2023, the Audit Oversight Committee (Committee) reviewed the draft 2023 Work Plan, and it is now ready for Board approval.
RECOMMENDATION:
Recommendation
Adopt a Resolution approving the 2023 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 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 16, 2023. In support of the District's Compass Strategic Goals, the Committee's work plan focuses on six general categories, including a review of audited financial statements, external auditor matters, internal auditor work, and performance assessment. Committee members discussed the work plan and recommended that the plan be submitted to the BPC for approval.
General Counsel's Comments:
The Office of the General Counsel has reviewed and approved this agenda and proposed resolution, as presented, as to form and legality.
Environmental Review:
The proposed Board action, including, without limitation, A resolution approving the 2023 annual work plan for the audit oversight committee pursuant to Board of Port Commissioners (BPC) Policy No. 776, Port Audit Oversight Committee Policy, does not constitute a project under the definition set forth in California Environmental Quality Act (CEQA) Guidelines Section 15378 because there is not a potential to result in a direct or indirect physical change in the environment. Therefore, the proposed Board action is not subject to CEQA, and no further action under CEQA is required.
The proposed Board action complies with Sections 21 and 35 of the Port Act, which allow the Board to pass resolutions; and to do all acts necessary and convenient for the exercise of its powers. 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.
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 an exclusion finding is not required.
Diversity, Equity, and Inclusion Program:
This agenda sheet has no direct DEI impact on the District workforce or contract reporting at this time.
PREPARED BY:
Mark Yeilding
Port Auditor, Office of the Port Auditor
Attachment(s):
Attachment A: 2023 Audit Oversight Committee Annual Work Plan