Chair Munoz will call the meeting to order.
Chair Munoz will address the committee and ask for a MOTION to approve minutes from October 18, 2011.
Proposed Action: Approval. Motion and second required.
Item 3 Open Comments
Chair Munoz will address those in attendance and offer opportunity for open comments on the items on this agenda.
Open Comments: No motion required.
The purpose of this item is to present, for approval, a newly proposed employee debt collection regulation. This regulation establishes procedures whereby the university may collect on delinquent debts owed to the university by university employees, excluding educational loans.
The regulation was developed with oversight from Administration and Finance.
Vice President Shuman will address the committee and present the regulation.
Proposed Action: Motion and second required.
The purpose of this item is to provide the Board of Trustees with a summary (findings and management’s response) of the operational audit for the fiscal year ended June 30, 2011.
Vice President Shuman will address the committee and present this report.
Proposed Action: No motion required.
The purpose of this item is to provide the Board of Trustees with an independent accountant’s report on the financial statements for Athletics in accordance with guidelines set forward by the National Collegiate Athletic Association.
Vice President Shuman will address the committee and present this report.
Proposed Action: No motion required.
This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).
Vice President Shuman will address the committee and present the 990 forms.
Proposed Action: No motion required.
The purpose of this item is to conduct the annual review of, and reaffirmation of the charter for the Office of Internal Auditing. This annual review is consistent with the Institute of Internal Auditors’ guidelines.
Mr. Robert Berry will address the committee and present the proposed charter.
Proposed Action: Approval. Motion and second required.
The purpose of this item is to provide the annual review of and reaffirmation of the current charter for the Finance and Audit Committee. This annual item is consistent with the Institute of Internal Auditors’ guidelines.
Mr. Robert Berry will address the committee and present the proposed charter.
Proposed Action: Approval. Motion and second required.
The purpose of this item is to present a report to the Board of Trustees for this quarter’s activities in the Office of Internal Auditing.
Mr. Robert Berry, director, Office of Internal Auditing,will address the committee and present the update.
Proposed Action: No motion required.
This item provides a review of this quarter’s budget report.
Vice President Shuman will address the committee and present the quarterly budget report.
Proposed Action: Report. No motion required.
This item provides an overview of the annual treasurer’s report for year ending September 30, 2011.
Vice President Shuman will address the committee and present the treasurer’s report.
Proposed Action: Report. No motion required.
Item 13 Adjournment
Chair Munoz will adjourn the meeting.
