DATE: October 6, 2020
SUBJECT:
Title
RESOLUTION APPOINTING RICARDO RODRIGUEZ TO THE SAN DIEGO PORT DISTRICT AUDIT OVERSIGHT COMMITTEE (AOC) FOR A TERM OF THREE YEARS COMMENCING DECEMBER 7, 2020
Body
EXECUTIVE SUMMARY:
The Audit Oversight Committee (AOC) is composed of two members from the Board of Port Commissioners (BPC) and three external members of the public. The BPC members serve a one-year term, and the three external members serve a three-year, staggered term. The external committee members include Mr. Ivan Sotomayor, who was reappointed by the Board in March 2020 and Ms. Mona Dickerson, reappointed by the Board in March 2018. Mr. Jeff Miller, who has served on the AOC since 2013 and was reappointed in December 2017. Mr. Miller's term was to be completed on December 11, 2020; however, he had to vacate his position on the AOC in June 2020 due to personal reasons.
RECOMMENDATION:
Recommendation
Adopt a Resolution appointing Ricardo Rodriguez as a public member to the AOC for a term of three years commencing December 7, 2020.
Body
FISCAL IMPACT:
The agenda 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:
The Audit Oversight Committee (AOC) serves to assist the Board of Port Commissioners in fulfilling its oversight responsibilities for the District's financial reporting process and the internal control system. The AOC is subject to the provisions of BPC Policy No. 776, Port Audit Oversight Committee.
The Policy provision entitled "Structure" describes the make-up of the AOC. The provision requires that the AOC be composed of five members. Two members will be Board of Port Commissioners appointed by the Chairman of the Board. Three members will be from the community appointed by the Board of Port Commissioners.
Currently, one...
Click here for full text