April 2, 2014 at 2:00 PM - Finance, Audit, and Budget Committee Meeting

Discussion:  Call to order at 2:04 pm.

Discussion:  We have some of the same findings as last year, they did clear several findings from last year. Scott is working on the Audit Responses from the exit interview. We will continue to work on their suggestions in the upcoming year. Don Dunlap gave a report to the Exec Committee last year do we want to have him present to a Committee and/or ESUCC Board. Expenses continue to be an issue with auditor, we need to turn them in a more timely manner (60 days). Suggested to not cross over fiscal years. Segregation of duties and central location for all contracts are a couple of other areas of concern.

Discussion:  Dennis Radford reviewed the salary document including a flat 3%. They also reviewed Project Status given by Priscilla Quintana that showed the status of each project.

Discussion:  We will use the same contract used in the past reviewed by legal (at-will).

Discussion:  Committee reviewed the Coop Equity document. We will need to hold on to Member Equity until we get through the next few years, reviewed annually, with new system.

Discussion:  Adjourn meeting at 3:15PM.