Audit Committee Audit Committee Minutes
The Audit Committee meeting covered several key operational and financial topics. Discussions included reports on the FY 2019 final budget and the FY 2020 year-to-date budget, focusing on accounting and auditing service line increases related to IT co-sourcing. Status updates were provided for the internal audit plan, including the IT structure, ethics, and payroll audits, alongside metrics and internal control meetings. The committee reviewed departmental wins, including purchasing card process improvements and upcoming policy updates to align with red book standards. Additionally, the committee approved the FY 2020 audit plan, which encompasses new audits such as senior management expense reviews, ethics surveys, and vendor analyses, and moved into an executive session to discuss ongoing audits and investigations.