University of North Florida
Board of Trustees
Finance and Audit Committee

Item 1 Call to Order 

Chair Munoz will call the meeting to order.

Proposed Action – None  

Item 2 Minutes (October 16, 2012) 

Chair Munoz will seek approval of the minutes from the October 16 meeting.

Proposed Action – Approval  

Item 3 Open Comments 

Chair Munoz will offer opportunity for open comments concerning items on this agenda.

Proposed Action – None  

Item 4 Independent Accountant’s Report on Applying Agreed-Upon Procedures – Intercollegiate Athletics Program 

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 – None  

Item 5 Return of Organizations Exempt from Income Tax, Form 990's: (1) UNF Training and Services Institute, Inc., (2) UNF Financing Corporation, (3) UNF Foundation, Inc., and (4) MOCA, Jacksonville 

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 this item.

Proposed Action – None  

Item 6 Office of Internal Auditing – Quarterly Report 

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 – None  

Item 7 Office of Internal Auditing – Audit Planning Methodology 

The purpose of this item is to present Board members with an overview of the purpose of the Office of Internal Auditing.

Mr. Robert Berry, director, Office of Internal Auditing, will address the committee and present the overview.

Proposed Action – None  

Item 8 Quarterly Budget Report 

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 – None  

Item 9 Treasurer’s Report 

This item provides an overview of the current treasurer’s report.

Vice President Shuman will address the committee and present the treasurer’s report.

Proposed Action – None  

Item 10 Compliance Office Overview 

The purpose of this item is to provide the Board of Trustees with an overview of the newly established Compliance office, including a demonstration of the Compliance office website.

Dr. Joann Campbell, associate vice president and compliance officer, will address the committee and provide this overview.

Proposed Action – None  

Item 11 Adjournment 

Chair Munoz will adjourn the meeting.

Proposed Action – None