November 1, 2006
UNIVERSITY OF HOUSTON SYSTEM
BOARD OF REGENTS
AUDIT COMMITTEE
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Members Present:
Calvin W. Stephens, Chair
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Others Regents Present:
Leroy Hermes Members Absent: Dennis D. Golden, Vice Chair |
The Audit Committee of the University of Houston System Board of Regents convened in Room 220 E. Cullen, University of Houston, on Wednesday, November 1, 2006. Noting the presence of a quorum, Chairman Stephens called the meeting to order at 12:10 p.m. and turned the meeting over to Don Guyton, who presented the following item for review by the committee:
| Action: |
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Regent Wise moved to approve the item as presented. Regent Rose seconded the motion, which passed unanimously. The committee will present the Audit Report and Financial Statements, University of Houston Charter School, FY 2005 to the board for approval at the November 2, 2006 meeting.
Mr. Guyton presented the following items for information only:
- Presentation – Overview of Internal Audit Process – UH System
- Audit Committee Charter and Checklist – UH System
- External Audit Reports – UH System
- State Auditor’s Report on the University of Houston System’s Management Practices for Endowment Funds
- State Auditor’s Report on Indirect Cost Recovery Funds at State General Academic Universities – August 2006
- Internal Audit Report – Briefing Booklet – UH System
- Institutional Compliance Status Report for the Three Months Ended September 30, 2006 – UH System
- Ethics and Conflict of Interest Policies – UH System
- Annual Fraud Prevention and Awareness Report – UH System
A copy of all handouts is on file in the Board of Regents Office.
There being no further business to come before the committee, the meeting was adjourned at 12:55 p.m.
All documentation submitted to the Board in support of the foregoing action items, including but not limited to “Passed” agenda items and supporting documentation presented to the Board, is incorporated herein and made a part of these minutes for all purposes; however, this does not constitute a waiver of any privileges contained herein.
| Others Present: |
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Jay Gogue
Don Foss Dona Hamilton Elaine Charlson Dennis Fouty Jim McShan Don Guyton Russ Hoskens David Bell Steve Craig Joe Kotarba Ed Hugetz Lucy Limon Peggy Cervenka Gerry Mathisen |
