Poudre School District Audit Committee MINUTES August 10, 2005 Members Present Debbie Bostak, Community Member, Chairperson Ross Cunniff, President, Board of Education Molly Janzen, Controller, Poudre School District Jim Sarchet, Assistant Superintendent of Business Services/CFO, Poudre School District Terri Sunset, Community Member Cheryl Zimlich, Co Member Updates Questions raised at the first Audit Committee meeting held July 12, 2005, were addressed. Molly Janzen reported that she had a conversation with attorney Tom Crabb related to the establishment of a board policy and/or resolution in relation to the Audit Committee. Tom suggested that the policy and/or resolution could include some language addressing Committee members’ liability/responsibility since that concern was expressed at the first meeting. He agreed that given the responsibilities of the Audit Committee as well as the Committee’s association with the Board of Education, a board policy and/or resolution would be advantageous. A summary of audit expenditures with Poudre School District was also distributed in response to a question asked at the July 12 meeting. Total expenditures paid to Sample and Bailey (the District’s auditors) during fiscal year 2005 was $114,645: $75,000 for the fiscal year 2004 audit, $8,360 for a HIPPA audit, and $31,285 for consultations/site visits/EAS audits and preliminary fiscal year 2005 audit work. Audit Committee Charter ...
Voir