Audit Committee - 7/30/26

The MyGlendale Audit Committee convened on July 30, 2026, to discuss several key procurement and financial oversight topics. The committee received a detailed presentation from external auditors I. Bailey LLP regarding the fiscal year 2026 audit engagement, including the scope of work, audit approach, and timeline, with an emphasis on compliance audits related to federal funding and city financial statements. The auditors highlighted areas of focus such as pension liabilities, management override risks, and intergovernmental revenues. The committee also reviewed the internal audit activity report, noting ongoing audits, staffing challenges, and plans to fill two vacant internal auditor positions. Public comments raised concerns about limited contract compliance audits, procurement oversight risks following recent charter amendments, and the need for greater audit independence. Additionally, the committee discussed proposed charter amendments to strengthen the internal audit function and empower the audit committee with final approval over audit plans, aiming to enhance fiscal accountability. A presentation on leveraging AI and data analytics to improve internal audit efficiency was also provided, with discussions on current tools and potential software investments. No formal votes on procurement contracts were recorded, but the meeting focused heavily on audit oversight, risk assessment, and governance reforms affecting future procurement and financial management.