The Peralta Colleges Governing Board Audit and Finance Committee Chancellor’s Conference Room 333 East 8th St., Oakland, California December 13. 2007 5:00 to 7:00 PM AGENDA 1. Review and approve the agenda. 2. Review and approve the minutes of 1 November 2007 meeting. 3. Discuss the status of the FY 2006-2007 external audit. 4. Review the status of the Retiree Healthcare Trust Investments. 5. Discuss modification of the $2,500 cap for College level procurements. 6. Report by the Inspector General, to include status of the audit of the procurement function. 7. Discuss the methodology of effecting a 2% / 3% / 4% / 5% cut in funding by the State. Where would the District make cuts under each of these potential scenarios? .