Chair Lovett will call the meeting to order.
Chair Munoz will ask for approval of the minutes from the January 15, 2013 meeting.
Proposed Action – Approval – MOTION and Second Required
Item 3 Open Comments
Chair Lovett will offer opportunity for open comments concerning items on this agenda.
The State of Florida Auditor General conducts a yearly audit of UNF’s financial statements and reports findings to the Legislature. The audit’s scope is to (1) review basic financial statements in accordance with generally accepted accounting principles, (2) review established and implemented internal controls over financial reporting and compliance with requirements that could have a direct and material effect on the financial statements, and (3) review compliance with the various provisions of laws, rules, regulations, contracts, and grant agreements that are material to the financial statements.
Vice President Shuman will address the committee and present this report.
Report – No Action Required
The purpose of this item is to provide an update to the Finance and Audit Committee on the preliminary and tentative findings and recommendations from the State of Florida’s Auditor General for UNF’s federal awards audit for the fiscal year ended June 30, 2012.
Vice President Shuman will address the committee and present this report.
Report – No Action Required
This quarterly update is provided to keep trustees informed about progress on the OIA’s yearly audit plan, including personnel, resources, outstanding issues and follow-up, fraud allegations and investigations, quality assurance and improvement and mandatory disclosures.
Mr. Robert Berry, director, Office of Internal Auditing, will address the committee and present the update.
Report – No Action Required
This report offers trustees an update on the university’s budget for E&G and auxiliaries. The report includes a discussion on the total budget, including divisions, and any anticipated budgetary issues.
Vice President Shuman will address the committee and present the quarterly budget report.
Report – No Action Required
This report offers trustees a record of the university’s cash balance, including investments and benchmarks. The report also includes any outstanding issues.
Vice President Shuman will address the committee and present the treasurer’s report.
Report – No Action Required
Item 9 Data Security Overview
The purpose of this item is to provide the Board of Trustees with an overview of the top data security challenges and how we are addressing those challenges.
Director Jeff Durfee will address the committee.
Report – No Action Required
Item 10 Adjournment
Chair Lovett will adjourn the meeting.
