Audit Committee Agenda - April 18, 2013
AGENDA OF THE LOS ANGELES BOARD OF
HARBOR COMMISSIONERS AUDIT COMMITTEE
THURSDAY, APRIL 18, 2013 AT 7:30 A.M.
PORT OF LOS ANGELES ADMINISTRATION BUILDING
425 S. PALOS VERDES STREET
BOARD ROOM, 2nd FLOOR
SAN PEDRO, CA 90731
AUDIT COMMITTEE
Commissioner Douglas Krause, Committee Chair
Commissioner Sung Won Sohn, Committee Member
A. OPENING STATEMENT - AN OPPORTUNITY FOR MEMBERS OF THE PUBLIC TO ADDRESS THIS BOARD
PERSONS IN THE AUDIENCE MAY ADDRESS THIS BOARD IN CONNECTION WITH ANY AGENDA ITEM OR DURING THE PUBLIC COMMENT PERIOD.
AS PROVIDED BY THE BROWN ACT, THE BOARD HAS LIMITED EACH INDIVIDUAL'S SPEAKING TIME TO THREE MINUTES. ANYONE DESIRING TO SPEAK DURING THE PUBLIC COMMENT PERIOD IS REQUESTED TO COMPLETE A SPEAKER CARD AND SUBMIT IT TO THE COMMISSION SECRETARY, VIA THE SERGEANT AT ARMS, PRIOR TO THE START OF THE MEETING.
B. COMMENTS FROM THE PUBLIC
C. REGULAR ITEMS
1. Asset Management Policy
Asset Management Policy - Transmittal 1
2. Report of Oil Consultant on Oil Royalties
Report of Oil Consultant on Oil Royalties - Transmittal 1
Report of Oil Consultant on Oil Royalties - Transmittal 2
3. Audit Plan and Status Update
a) Detailed overview of IEAS, RED, and Fire Audits
Transmittal 3a-IEAS
Transmittal 3a-RED
Transmittal 3a-FIRE
b) Process Audits
Transmittal 3b
4. Expired Leases Update
5. Financial Status Update