Audit Committee on 2026-01-05 6:00 PM - Jan 05, 2026 (Agenda)

Monday, January 5, 2026 6:00 PM Oakland Unified School District Board of Education 1011 Union Street, #940 Oakland, CA 94607-2236 (510) 879-1940 510 627-9440 eFax 711 TTY/TDD boe@ousd.org E-Mail http://www.ousd.org Committee Room, KDOL TV Studio, B-237, Met West High School Entrance, 314 East 10th Street, Oakland, CA 94606-2291, Internet - Zoom & Granicus; Broadcasted - KDOL-TV (Comcast Channel 27 and AT&T Channel 99) Audit Committee Caroline Lee, Chairperson Bessie Weiss, Vice Chairperson Jason Joseph, Secretary Members: (Vacancy), (Vacancy) Meeting Agenda Long - Final ACCESSIBILITY OF AGENDA AND AGENDA MATERIALS Agenda and agenda materials are accessible at http://www.ousd.org or from any computer terminal in the Offices of the Board of Education and Superintendent, 1011 Union Street, Oakland, CA 04607-2236 AMERICANS WITH DISABILITIES ACT COMPLIANCE AND LANGUAGE SERVICES Individuals requiring interpretation or translation services or a reasonable accommodation to participate in meetings should notify the Office of the Board of Education seventy-two (72) hours prior to the meeting at either (510) 879-1940 (VM); or boe@ousd.org (E-Mail); or 711 (eTTY/TDD); or (510) 627-9440 (eFax). eComment (Click, Specify Language, Google Translate) Granicus Live Video Zoom Live Video Accessibility Agenda (Click, Specify Language, Google Translate) Agenda (Download)

January 5, 2026Audit Committee Meeting Agenda Long - Final ON-LINE SPEAKER CARD REGISTRATION Public Comment, at the meeting, will be taken individually on Agenda Items indicated by Microphone Icon. You may register to speak in advance on the Agenda Item whether attending the meeting by teleconference, e.g., Zoom, or in person. On line Speaker Card Registration (Sign In To Speak) opens at minimum 72 hours in advance for a Regular Meeting or at minimum 24 hours in advance for a Special Meeting. Use the eComment Link to Sign In (Register) to Speak up to one hour before the beginning of the meeting. Manual (Paper) Speaker Cards also will be available at the meeting for completion. Sign In to Speak, on an eligible Agenda Item, as a matter of equity, is first registered, first called, in order of Registration whether participation is in person or virtually, e.g. Zoom, or by audio, e.g., telephone. For advanced pre-meeting Registration, You must establish a one-time OUSD eComment - Sign In (Register) To Speak Account providing your First Name and Last Name and your email address. Your First Name and Last Name, as Registered, must also show as the Participant or Profile Name on a teleconference system (i.e., Zoom, webex, other). You will be requested to Register the first time you use eComment - Sign In To Speak. The Sign In To Speak System, after the one time registration, will remember you by first name and last name associated with your email address (profile), making it easier for you to electronically Register or Sign In to Speak on an Agenda Item at a future OUSD legislative meeting, e.g., Board, committee, commission. Page 2Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final Early pre-meeting Sign In To Speak (Registration) is urged for all - whether you plan to attend meeting in person or view meeting via teleconference or listen to the meeting by telephone. Names will be called in Sign In To Speak order received. Page 3Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final NOTICE - MEDIA/MEMBERS OF THE PUBLIC MAY ATTEND AND PARTICIPATE IN-PERSON OR VIRTUALLY Members of the media and the public may attend and participate in the Committee meeting in-person in the Committee Room, KDOL TV Studio, B-237, Met West High School Entrance, 314 East 10th Street, Oakland, CA 94606-2291 or virtually as described herein. The following information is for those members of the media and public interested in viewing or listening to the Committee meeting virtually. • Zoom: To view by Zoom, please click https://ousd.zoom.us/j/88020254212 on or after the Noticed meeting time. Instructions on how to join a meeting by video conference are available at: https://support.zoom.us/hc/en-us/articles/201362193 -Joining-a-Meeting. • Phone: To listen by phone (via Zoom), please do the following at or after the Noticed meeting time: call (669) 900-9128, then enter Webinar ID 880 2025 4212, then press “#”. If asked for a participant id or code, press #. Instructions on how to join a meeting by phone are available at: https://support.zoom.us/hc/en-us/articles/201362663 -Joining-a-meeting-by-phone. • To view the Audit Committee meeting from the District’s Home Page - Upcoming Events & Live Meeting Video, please select the meeting name and click on the “In Progress” link under Video or go to the Legislative Information Center (under Board of Education on Home Page)>Calendar Tab>Calendar>Today>Audit Committee>”In Progress” link under Video. Public comment in-person is permitted within the times allotted for public comment on the Agenda. Virtual comment will also be permitted within the times allotted for public comment on the Agenda in the following two ways: Page 4Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final NOTICE - MEDIA/MEMBERS OF THE PUBLIC MAY ATTEND AND PARTICIPATE IN-PERSON OR VIRTUALLY (CONTINUED) • To comment virtually by Zoom, if you have made a pre-meeting Request to Speak, when your name is called, click the “Raise Your Hand” button. You will be unmuted and allowed to make public comment. After the allotted time, you will then be re-muted. Instructions on how to “Raise Your Hand” is available at: https://support.zoom.us/hc/en-us/articles/205566129-Raise Hand-In-Webinar. • To comment by phone (via Zoom), if you have made a pre-meeting Request to Speak, when your name is called, press “*9” to “Raise Your Hand." You will be unmuted and allowed to make public comment. You will then be re-muted. Instructions of how to raise your hand by phone are available at: https://support.zoom.us/hc/en-us/articles/201362663 -Joining-a-meeting-by-phone. In addition, members of the public may submit written comments for a posted Audit Committee Meeting Agenda Item, before a meeting or while a meeting is “In Progress,” from the District’s Home Page - Upcoming Events & Live Meeting Video by selecting Board of Education Agenda “eComment” or from the Legislative Information Center, as follows: • If before Sunday, click Calendar Tab>Next Week>Audit Committee>eComment • If Sunday or thereafter up thru day before Meeting, click Calendar Tab>This Week>Audit Committee>eComment • If day of Meeting, click Calendar Tab>Today>Audit Committee>eComment Or by clicking the“eComment” in bold link on the cover page of this Agenda. Page 5Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final Written comments made on an eligible Agenda item, upon clicking of the Submit Button, are immediately sent via email to all members of the legislative body and key staff supporting the legislative body. Each eComment is a Public Record. MEETING PROCEDURES All Committee meetings shall begin on time and shall be guided by an Agenda prepared in accordance with Board Bylaws and posted and distributed in accordance with the Ralph M. Brown Act (open meeting requirements) and other applicable laws. Page 6Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final BOARD BYLAW 9131 - AUDIT COMMITTEE CHARGE OR RESPONSIBILITIES Purpose: The responsibilities of the Audit Committee shall include but not be limited to the following: • Recommend to the Board for approval the independent auditors. • Review the independent audit engagement including the fee, scope, and timing of the audit, and any other services to be rendered, including non- audit services. • Review with the independent auditor’s district policies and procedures regarding internal auditing and internal accounting and financial controls. • Upon completion of their audit, review with the independent auditors the cooperation they received from district personnel during the audit, the extent to which district resources could be used to minimize the time spent on the audit, and any significant matters of concern arising from the audit. • Review with the independent auditors any significant transactions which are not a normal part of the district's business, any changes in accounting principles and practices, all significant proposed audit adjustments, and any recommendations that they may have for improving internal controls, choice of accounting principles or management systems. • Review with the district's financial and accounting policies regarding internal accounting and financial controls. • Review and recommend district policies to the Board to prohibit unethical, questionable, or illegal activities by district employees. • Review with the internal auditor the organization and independence of the internal audit function; the goals and plans of internal audit including the nature and extent of work; problems and experiences in completing internal audits; and findings, conclusions, and recommendations as a result of internal audits. Page 7Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final • Upon completion of the independent audit, review with the district's financial and accounting managers their perception of the independent auditors, any significant matters of concern arising from the audit, and the extent to which recommendations made by the independent auditors have been implemented. • Prepare semi-annual written reports to the Board relating the results of committee activities. The Board may provide written guidance to the Committee on an annual basis regarding those areas on which the Committee should focus. A. Call to Order B. Roll Call C. Speaker Request Cards/Modification(s) To Agenda A request to speak at this Committee Meeting, may be made in-person or virtually as stated in this Agenda. Modification(s) to the Agenda, by the Audit Committee, allows for any change in the printed Order of Business including, but not limited to, an announcement that an Item or Legislative File will be considered out of Agenda printed order, that consideration of an Item has been withdrawn, postponed, rescheduled or "pulled" or taken off of the Committee General Consent Report for separate discussion and/or possible action. D. Adoption of Committee Minutes Page 8Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final D.-1 25-2376 Minutes - Audit Committee – April 7, 2025 Adoption by the Audit Committee of its Meeting Minutes of April 7, 2025. 25-2376 Minutes - Audit Committee – April 7, 2025Attachments: D.-2 25-2389 Minutes - Audit Committee – May 5, 2025 Adoption by the Audit Committee of its Meeting Minutes of May 5, 2025. 25-2389 Minutes - Audit Committee – May 5, 2025Attachments: D.-3 25-3038 Minutes - Audit Committee – November 3, 2025 Adoption by the Audit Committee of its Meeting Minutes of November 3, 2025. 25-3038 Minutes - Audit Committee – November 3, 2025Attachments: E. Adoption of the Committee General Consent Report "Adoption of the Committee General Consent Report" means that all items appearing under this topic are approved in one motion unless a Member of the Committee requests that an item be removed and voted on separately or otherwise acted upon. Generally, these items are routine in nature, and are acted upon in one motion to conserve time and permit focus on other-than-routine legislative items on the agenda. None F. Unfinished Business None G. New Business Page 9Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final G.-1 25-3039 District Financial Audit - Eide Bailly, LLP - Fiscal Year Ending June 30, 2025 Presentation to the Audit Committee of the District’s Financial Statements (Audit Report) for Fiscal Year Ending June 30, 2025, from Edie Bailly, LLP, Independent Auditors. 25-3039 Presentation - District Financial Audit - Eide Bailly, LLP - Fiscal Year Ending June 30, 2025 25-3039 Memorandum - District Financial Audit - Eide Bailly, LLP - Fiscal Year Ending June 30, 2025 Attachments: G.-2 25-3084 Audit Committee - Budget Scenarios - OUSD Structural Deficit - Fiscal Years 2025-2026; 2026-2027 Audit Committee response, at its option, to the Board of Education invitation to respond to proposed fiscal impact scenarios, that may result in the District’s Budgets for Fiscal Years 2025-2026, 2026-2027 being balanced, as required by Resolution No.2526-0177A, As Amended, including impact on the District’s ability to respond to and correct negative audit findings. G.-3 25-3040 Audit Committee - Semi Annual Report to the Board of Education - Fiscal Year 2024-2025 Discussion by the Audit Committee of its Semi-Annual written report to the Board of Education relaying the results of Audit Committee Activities for fiscal year 2024 - 2025. Page 10Oakland Unified School District Published on 12/19/2025 4:47 PM

January 5, 2026Audit Committee Meeting Agenda Long - Final H. Public Comments on All Non-Agenda Items Within the Subject Matter Jurisdiction of the Committee This section of the agenda provides an opportunity for a member of the Public, for three minutes per person, or less, depending on the number of speakers, to directly address the Committee on any item of interest to a member of the Public that is not on the current agenda, but is within the subject matter jurisdiction of the Committee. Minutes are not transferrable from speaker to speaker. This item is limited to a total of thirty (30) minutes. The Committee may not discuss or take any action on a non-agenda item not appearing on the posted agenda for this meeting, except the Committee or staff may briefly respond to a statement made or questions posed by a member of the public, as authorized by law. In addition, on their own initiative or in response to questions posed by the public, a member of the Committee or its staff may ask a question for clarification, make a brief announcement, or make a brief report of his or her own activities. H.-1 25-2375 Public Comment on All Non-Agenda Items Within the Subject Matter Jurisdiction of the Audit Committee - Up To 30 Minutes – January 5, 2026 Public Comment on All Non-Agenda Items Within the Subject Matter Jurisdiction of the Audit Committee - Up To 30 Minutes - January 5, 2026. I. Introduction of New Legislative Matter This section of the Agenda is devoted to the introduction of new legislative matter within the subject matter jurisdiction of the committee by a Committee member or Members of the Public. J. Adjournment Page 11Oakland Unified School District Published on 12/19/2025 4:47 PM