Financial Oversight Committee

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The purpose of the Financial Oversight Committee (FOC) is to help ensure the highest level of public accountability and transparency within Yolo County financial systems, by serving as an advisory committee to the Yolo County Board of Supervisors.  The FOC provides oversight on treasury operations, delivers leadership and independence over the monitoring, review and audit of county business activities, and to ensure accountability and transparency over the budgetary and tax distribution processes.

The County also established an Audit Sub-Committee (Committee) that consist of two representatives of the Board of Supervisors who also serve on the Financial Oversight Committee.  The Committee reviews the scope and effectiveness of the internal audit activity and ensures that the audit functions are independently performed from county management.

Meeting Requirements:
Regular meetings of the FOC shall occur at least four times each fiscal year within 40 days of each quarter's end. The Committee must also meet twice annually with the independent auditors, in the beginning and at the conclusion of each audit. These meetings may be scheduled separately or occur as part of the quarterly meetings.

Subject Of Discussion

February

May

August

November

Auditing & Accounting

X

X

X

X

Budget Compliance

 

X

 

 

Tax Allocation

 

X

 

 

Treasury Cash & Investments

X

X

X

X

         

Financial Oversight Committee Charter

Financial Oversight Committee Members

 

EventDate/TimeAgenda
11/05/2019 3:00 PM - 4:30 PM Not Included
11/12/2019 9:30 AM - 10:30 AM Not Included