Silicon Valley Clean Energy
Audit Committee Meeting
Monday, October 21, 2024
1:00 p.m.
Silicon Valley Clean Energy Office
333 W. El Camino Real, Suite 330
Sunnyvale, CA
City of Gilroy City Hall
7351 Rosanna Street
Gilroy, CA 95020
MEETING MINUTES
Call to Order
Chair Mekechuk called the meeting to order at 1:04 p.m.
Roll Call
Present:
Bryan Mekechuk (Chair), Monte Sereno
Sheila Mohan (Vice Chair), Cupertino
Sergio Lopez, Campbell
Harjot Sangha, Gilroy (Participated remotely)
Absent:
None
Public Comment on Matters Not Listed on the Agenda
No speakers.
Consent Calendar
MOTION: Director Sangha moved and Vice Chair Mohan seconded the motion to approve the Consent Calendar.
Chair Mekechuk opened public comment.
No speakers.
Chair Mekechuk closed public comment.
The motion carried unanimously by verbal roll call vote. 1) Approve Minutes of the February 29, 2024, Audit Committee Meeting Docusign Envelope ID: 65B8295E-5B26-4D00-BDD2-7A46ABBB6469 Regular Calendar
2) SVCE Financial Audit Kick-off: Pisenti & Brinker, LLP (Discussion) Amrit Singh, CFO and Director of Administrative Services, introduced Kellin Gilbert, CPA, Pisenti & Brinker LLP to the Committee.
Mr. Gilbert provided information on the SVCE planned audit procedures, Management and Auditor roles and responsibilities, and a proposed timeline for completion.
Mr. Gilbert responded to questions from committee members regarding the approximate audit report date and applied risk assessment procedures.
Chair Mekechuk opened public comment.
No speakers.
Chair Mekechuk closed public comment.
3) SVCE Policy Review Update (Discussion)
Michael Callahan, General Counsel, provided information on SVCE’s policy updates and the internal flow process. He stated the financial related policies would be going to the Finance and Administration Committee for discussion, with other policies being presented to the Executive Committee before being brought to the Board of Directors for approval in December.
Mr. Callahan responded to questions from committee members regarding future policy updates, provided examples of the types of amendments being made to the policies, and confirmed there were no significant policy changes that would fall under the purview of the Audit Committee.
Chair Mekechuk opened public comment.
No speakers.
Chair Mekechuk closed public comment.
Public Comment on Closed Session
No speakers.
The Committee convened to Closed Session at 1:33 p.m.
Closed Session
THREAT TO PUBLIC SERVICES OR FACILITIES
Consultation with: Amrit Singh, Chief Financial Officer and Director of Administrative Services, Nik Zanotto, Senior Manager of IT and Administrative Services
The Committee returned from closed session at 2:28 p.m.
Report from Closed Session
Chair Mekechuk announced there was nothing to report.
Adjourn
Chair Mekechuk adjourned the meeting at 2:30 p.m.
Docusign Envelope ID: 65B8295E-5B26-4D00-BDD2-7A46ABBB6469 ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Docusign Envelope ID: 65B8295E-5B26-4D00-BDD2-7A46ABBB6469