[00:00:03]
>> GOOD AFTERNOON IT IS OCTOBER 6TH IT IS 12:01 PM AND THIS IS THE DALLAS
[1. Roll Call - Announcement of a Quorum]
COLLEGE BOARD OF TRUSTEES BOARD MEETING THE AUDIT COMMITTEE MEETING IS SCHEDULED FOR 12 P.M.AND WE'RE ON TIME AND I WILL DO A ROLL CALL OF THE PRESENT TRUSTEES AND THEN WE CAN START THE MEETING.
>> CHAIR FLORES, ARE YOU PRESENT.
>> TRUSTEE JAMESON ARE YOU PRESENT.
AND CAN I CONFIRM THAT TRUSTEE ARE NOT PRESENT FOR THIS MEETING.
>> ALL RIGHTY VERY FINE AND AT THAT POINT WE DO HAVE A QUORUM AND, MS. COMPTON AND WHAT'S AND I ARE BOTH ON THE AUDIT COMMITTEE.
SO WE DO HAVE A QUORUM AND IN ACCORDANCE WITH THE SUSPEND-D/ RULES WE
[2. Certification of Notice posted for the meeting]
CERTIFICATE THAT NOTICE OF THIS COMMITTEE MEETING HAS BEEN POSTED ONLINE FOR AT LEAST 72 HOURS.ALTHOUGH MEMBERS OF THE BOARD ARE NOT GATHERS IN A CENTRAL PHYSICAL LOCATION, WE DO HAVE A QUORUM IN ATTENDANCE AT THAT MEETING BY THE VIDEO CONFERENCE OR TELEPHONE CALL.
WE ARE MEETING BY USE OF [INAUDIBLE] SOFTWARE APPLICATION WHICH ALLOWS TWO WAY COMMUNICATION FOR THE -- INVITED PARTICIPATES AND THE SWAGIT PLATFORM -- FOR PUBLIC VIEWING THROUGH A POSTED WEB LINK WHO HAVE FOLLOWED THE INSTRUCTIONS ON THE DCCCD BOARD OF TRUSTEE'S WEBSITE FOR REGISTERING TO SPEAK DURING THE PUCK LICK COMMENT PORTION WILL BE UNMUTED FOR FIVE MINUTES TO SPEAK.
IF THE SPEAKER COMMITS WRITTEN COMMENTS IN ADVANCE, THE BOARD LIAISON WILL READ THE COMMENTS INTO RECORD BEFORE OR DURING THE BOARDS CONSIDERATION OF THAT ITEM.
IF WOULD LIKE TO PROVIDE COMMENT AT A FUTURE MEETING CONDUCTED BY VIDEO CONFERENCE OR TELEPHONE CALL PLEASE FOLLOW THE INSTRUCTIONS ON THE BOARD'S WEBSITE.
ALL OTHER MEETINGS PROCEDURES WILL ADHERE TO BOARD ADOPTED PROCEDURES TO THE EXTENT POSSIBLE.
THIS COMMITTEE MEETING IS BROADCAST OVER THE INTERNET AND AUDIO RECORDINGS AND A TRANSCRIPT OF THIS MEETING WILL BEING MADE AND WILL BE AVAILABLE TO THE PUBLIC AT A LATER DATE ON THE BOARD'S WEBSITE.
THIS SOFTWARE APPLICATION ALLOWS FOR ONE THOUSAND PEOPLE TO PARTICIPATE IN THE VIRTUAL MEETING AND OVER TEN THOUSAND TO VIEW IT OVER STREAMING.
WE APOLOGIZE IN ADVANCE FOR ANY UNFORESEEABLE DIFFICULTIES AND APPRECIATE YOUR PATIENT.
>> CHANCELLOR CAN YOU CONFIRM THIS MEETING HAS BEEN POSTED.
>> I CAN MAD OFFICE MANAGER CHAIR.
I CERTIFICATE THAT THIS MEETING WAS POSTED TO SECTION -- THE TEXAS GOVERNMENT CODE.
AND AT THIS POINT WE'RE GOOD TO GO.
FIRST BUSINESS ITEM FOR TODAY IS THE OVERVIEW OF THE WORK OF THE INDEPENDENT AUDITORS AND WE HAVE MR. ROBERT SON FOR A PRESENTATION.
>> TRUSTEE ZIMMERMAN MAN I'M CONFIRMING THAT WE DO NOT HAVE ANY CITIZENS WHO DESIRE TO SPEAK AT MEETING.
[4.A. Overview of the Work of the Independent Auditors Presenters: John Robertson, McConnell & Jones, LLP]
I'D LIKE TO INTRODUCE MARLIN WANTS AND HE'LL BE DOING A PRESENTATION PLAN THAT THIS TYPICALLY BRING TO THE BOARD IN OCTOBER AND WE WORK TOWARD CLOSING OUT THE FINANCIAL REPORT AND I'LL TURN IT OVER TO MARLIN AND I'LL LET YOU TAKE CARE OF[00:05:02]
THE INTRODUCTIONS OF YOUR TEAM.>> THIS IS MARLIN WILLIAMS AND I AM THE AUDIT PARTNER OPT PHONE AS WELL IS THE DIRECTOR WHO WILL BE WORKING ON THE ENGAGEMENT MICAH CLINGER AND WE ARE HERE TO PRESENT OUR AUDIT PLAN FOR THE YEAR ENDED AUGUST THIRTY-ONE TWO THOUSAND TWENTY.
MAIN POINTS OF DISCUSSION DURING THIS IS WHAT ARE OUR ENGAGE SCOPE AND OBJECTS.
OUR AUDITOR APPROACH OUR MILE STONES FOR THE AUDIT AND WE'LL LEAVE SOME TIME FOR QUESTIONS AND ANSWER AND JUST OPEN DIALOG AND AT THE BACK OF THE PRESENTATION WHICH SHOULD BE AVAILABLE -- WHO ARE THE KEY MEMBERS ON THE STAFF OF THE THEORY TEAM.
OUR JOB IS TO EXPRESS AN OPINION ON THE COLLEGE'S FINANCIAL STATEMENTS THAT INCLUDES A STATEMENT OF NET POSITION STAPLE OF REVENUE AND CHANGES STATEMENT OF CASH FLOWS.
ALL MINUTES TO THE FINANCIAL [INAUDIBLE] AND THESE THAT ARE PREPARED BY THE COLLEGE.
AND WE PROVIDE VARIOUS PROCEDURES TO BE ABLE TO ARRIVE AT THAT POSITION AND WE ALREADY STARTED SOME OF OUR INTERIM WORK AND WE'RE WORKING WITH YOUR STAFF ON STARTING OUR SUBSTANTIVE WORK AND WE INTEND TO MEET THAT ON THE DEADLINE THAT WE HAVE SET.
AND THAT BASICALLY INCLUDES INQUIRY REVIEW AND ENSURING THAT THE INFORMATION IN THE SUM ELEMENTAL INFORMATION DOES NOT DISAGREE WITH THE INFORMATION THAT'S PRESENTED IN THE BASIC FINANCIAL STATEMENTS.
WE'RE PERFORMING AN ATTESTATION PROCEDURES ON THE TEXAS PUBLIC FUNDS ACT AND WE ARE ALSO PERFORMING YELLOW BOOK REPORT BECAUSE THIS AUDIT IS UNDER GAGUS AND WE ANTICIPATE HAVING FIVE MAJOR PROGRAMS. OVER YEAR IS JUST AN OUTLINE A GRAPHICAL PRESENTATION OF OUR AUDIT APPROACH AND IT'S BASICALLY DIVIDED INTO FOUR MAIN PHASES.
PLANNING PRELIM, FINAL AND REPORTING.
AND THOSE ALL, KIND OF, GO TOGETHER WITH THE FIRST YEAR ENGAGEMENT WE'VE ALREADY MET WITH THE PREDECESSOR AUDITOR AND IN THAT FINAL STAGE WHICH IS THE HARD PUSH WE WILL TRY TO GET MOST OF OUR SUBSTANTIVE WORK COMPLETE WHILE THE DISTRICT REVIEWS THE REPORT AND ENSURES THE PLY COMPLIANCE WITH THE STANDARDS.
AND AS YOU SEE THE IT BUTTON WE DO THAT -- AND WHENEVER APPLICABLE WE TRY TO UTILIZE ANY OF THE HELP FROM IT PERSONNEL OR CATS OR SOME OTHER FUNCTION THAT'S WILL HELP EXPEDITE THE PROCESS.
OUR ORIGINAL CONFERENCE WAS HELD IN JULY AND MANAGEMENT SHOULD BE RECEIVING ALL OF OUR QUESTIONS ON PAY SCHEDULES WE GAVE ONE AROUND 825 WHICH WAS OUR IN INTERIM PROCEDURES AND THEN AGAIN IN OCTOBER WE PROVIDED A FINAL LIST OF REQUESTS.
OUR PRESENTATION TO THE COMMITTEE IS TAKING PLACE ON OCTOBER 6 AND OUR FIELD WORK IS STARTING IMMEDIATELY AROUND OCTOBER TWELFTH AND TWENTIETH AND FIELD WORK IS RELATIVE IN THESE CURRENT ENVIRONMENTS.
WE'LL TALK ABOUT THAT BRIEFLY.
WE PLAN TO HAVE THE EXIT CONFERENCE NOVEMBER TWENTY.
OUR QUALITY CONTROL REVIEW PROCESS IS, KIND OF, AN OWN GOING PROCESS BUT THE BULK OF THAT IS BEING COMPLETED -- OUR FINAL DRAFT AND FINANCIAL STATEMENTS OUR REPORTS SHOULD BE PROVIDED TO YOU GUYS AROUND THAT SAME NOVEMBER TWENTIETH DATE AND COME BACK TO DO A PRESENTATION OF ALL OF OUR FINDINGS IF ANY DURING THAT DECEMBER FIRST PERIOD AND WE WILL ISSUE THE CAFR TO THE REGULATORY AGENCY AS OF DECEMBER 18.
THOSE ARE OUR TENTATIVE DATES AND WE'RE GOING TO GO DO OUR BEST TO MAKE THOSE DATES AND WE'VE DESIGNED OUR PLAN ACCORDING TO THOSE DATES.
MANAGEMENTS RESPONSIBILITY AND WE PROVIDED THAT TO A LETTER THAT WE PROVIDED EARLIER AND IT GOES OVER MANAGERS FINANCIAL STATEMENTS OUR JOB IS TO REVIEW AND OPINE ON THOSE FINANCIAL STATEMENTS ARE AND THAT INCLUDED THE
[00:10:02]
PRESENTATIONS OF THE RSIS AND ALL THE -- THE USE OF APPROPRIATE ACCOUNTING POLICIES THAT YOU ESTABLISHED EFFECTIVE METHODS OF INTERNAL CONTROL AND THEY COMPLY WITH ALL LAWS AND REGULATIONS SCALED WITH THE CONTRACTS AND AGREEMENTS.AND THE DESIGN AND IMPLEMENTS PROCEDURES TO BE ABLE TO DETECT AND PREVENT FRAUD AND OUR RESPONSIBILITY IS TO ISSUE AN OPINION IN THOSE FINANCIAL STATEMENTS AND WE'RE ALSO ISSUING AND AUDITORY OPINION'S REPORT UNDER GENERALLY SEPTEMBER STANDARDS.
WE'RE REQUIRED TODAY HAVE COMMUNICATIONS OF SIGNIFICANT AUDIT RESULTS IF THERE IS ANY MATERIAL WITNESSES OR SUFFICIENT AND WE'RE ALSO REQUIRED TO GET REPRESENTATIONS AND WE WILL PROVIDE THAT TO MANAGEMENT AND THEY WILL PROVIDE THAT ON THEIR LETTER AS PART OF THE CLOSING OF THE AUDIT.
AND THESE ARE SOME OTHER ITEMS JUST, KIND OF, OUR HIGH-LEVEL AREAS OF WHAT WE'RE CONCERNED WITH THIS YEAR WITH THAT PROCUREMENT AND GRANT RECONCILIATION AND MAKING SURE THAT THE REVENUES IS ALL REFLECTED APPROPRIATELY AND PENSION IS AN AREA THAT WE ALWAYS LOOK STRONGLY IN AND THE PENSION CENSUS DATA.
THERE ARE SOME GASB THAT HAVE BEEN POSTPONES BUT WE'D LIKE TO START PLANNING AND SEEING WHAT THEY ARE AND SEE WHAT THE COLLEGE HAS DONE TO ENSURE THAT THEY'RE READY FOR IT AND COVID-19, YOU KNOW, IT'S BEEN A PART OF OUR PROCESS EVER SINCE IT EXISTED.
THE EFFECT ON THE FINANCIAL STATEMENTS AND HOW LONG WE'RE IN THE FIELD AND IF WE CAN ACTUALLY DO ANNOYING PRIMARILY REMOTELY AND THEN THERE IS A DISCLOSURE THAT CAME OUT THAT IS REQUIRING ALL ENTITIES TO BE ABLE TO PROVIDE AND WE WILL WORK WITH THE DISTRICT AND COLLEGE STAFF TO ENSURE THAT IT'S MEETING THE REQUIREMENTS THAT THEY IS SET BY THE STANDARDS.
AND THEN ANYTHING ELSE THAT COMES TO OUR ATTENTION THAT'S MATERIAL IN THE PROCESS.
>> AND WE'RE LEAVING IT OPEN TO Q AND A.
I THINK I WAS ABLE TO GET IT COMPLETES IN SIX OR SEVEN MINUTE THAT'S THE BOARD REQUESTS.
IF I MIGHT ASK A QUESTION DO YOU FEEL AS THOUGH THE CONSOLIDATION OF THE COLLEGE SYSTEM INTO ONE COLLEGE IS GOING TO MAKE IT EASIER FOR AN AUDIT.
SO HAVING NOT WORKED ON THE AUDIT THE FIRST TIME AT THE FIRM IT'S GOING TO BE HARD TO COMPARE AND CONTRAST.
LOOKING AT IT FROM A HIGH-LEVEL JUAN WOULD ANTICIPATE THAT IT SHOULD BE EASIER BECAUSE THE SYSTEM SHOULD BE ALL IN ONE BUT WITHOUT HAVING SOMETHING TO COMPARE IT'S HARD TO BE ABLE TO TELL HOW FAR THE SYSTEM WAS AND WE'RE JUST GETTING INTO LOOKING AT THE CHANGES CURRENTLY.
SO THEORETICALLY IT WOULD MAKE SENSE BUT YOU HAVE TO HAVE SOMETHING TO BE ABLE TO COMPARE TO TELL WHETHER OR NOT IT'S EASIER.
>> THANK YOU ANYONE ELSE WITH QUESTIONS.
>> I HAVE A QUICK QUESTION REGARDING THE DELAY OF ANY OF THE GASB REQUIREMENTS.
WHAT WILL THAT DO TO THE AUDIT TIME TABLE.
I KNOW THAT YOU MENTIONS THAT YOU WERE GOING TO GO AHEAD AND MOVE FORWARD PREPARING AS IF THEY DOESN'T EXIST.
CAN YOU GIVE ME A LITTLE DETAIL ON THIS.
>> SO WHEN THE PANDEMIC HIT, GASB HAD A LOT OF STANDARDS THAT WERE COMING DUE AS A RESULT THEY, KIND OF, PUT SOME OF THE THOSE ON HOLD.
THERE IS STILL A LOT OF DISCUSSION RELATED TO THE LEASE STANDARD THAT'S STILL GOING UP BECAUSE A LOT OF FOLKS DON'T WANT IT TO GO THROUGH SO I THINK THEY'RE USING THIS AS A AN EXCUSE TO EXTEND IT.
SO CURRENTLY FROM THIS YEAR'S AUDIT THE DECISION SPECIALLY TO TRY TO MAKE YOUR DEADLINE IS NOT TO IMPLEMENT BUT WE DO NEED TO START HAVING DISCUSSIONS SO THAT IT DOESN'T AFFECT THE FOLLOWING YEAR WHEN IT IS IMPLEMENTED.
SO IT IS A LITTLE BIT OF BLOCKING AND TACKLING.
I BELIEVE THERE WAS ANOTHER QUESTION.
PEARLA DID YOU HAVE SOMETHING.
>> MS. COMPTON BUT I DON'T KNOW IF SHE GOT HER QUESTION ANSWERED.
[00:15:01]
>> NO I JUST WANTED CLARIFICATION.
SO BECAUSE OF COVID SOME OF YOUR FIELD WORK WILL BE DONE REMOTELY.
SO PRIMARILY WITH THE CDC GUIDELINES AND THE LIKE WE'VE BEEN WORKING A LOT OF OUR AUDITS IN A REMOTE ENVIRONMENT BASED OFF LOOKING AT PRIOR WORK PAPERS AND WHEN WE WERE ACTUALLY THE PREDECESSOR AUDITORS.
SO WE'RE WORKING DILIGENTLY WITH YOUR STAFF AND YOUR TEAM TO FIGURE OUT IF THERE IS ANYTHING THAT WE NEED TO PHYSICALLY COME INTO THE OFFICES.
WE DO HAVE SOME LOCAL IS IT A OF IN HERE THAT ARE ABLE TO.
WE ALSO HAVE OUR OWN INTERNAL POLICIES THAT WE HAVE TO GO THROUGH IF WE'RE SENDING TEAM MATES OUT IN THE FIELD.
SO WE'RE LEARNING THE MORE AND MORE WE DO THIS THE WAY THAT WE CAN SURVIVE IN THIS NEW PAPERLESS ENVIRONMENT AND FULLY INTEGRATE VIRTUAL AUDITING.
SO I KNOW THAT DIDN'T FULLY ANSWER YOUR QUESTION BUT I'M THINKING THE MAJORITY OF THE WORK WILL BE DONE REMOTELY.
I DON'T REMEMBER BUT DID YOU ALL EVER INTRODUCE YOUR TEAM THAT'S GOING TO BE WORKING ON OUR AUDIT.
WE THOUGHT WE DID THAT IN OURS.
>> INITIAL MEETING BUT AS I SAID THERE ARE TEAM CURRENTLY FROM THE SENIOR STANDPOINT UP YOU'VE GOT WANDA AND THEN THERE IS A INDIVIDUAL ENGAGES CALLED SANTOS.
NEITHER OF THEM ARE ON THE CALL RIGHT NOW.
SO HE MIGHT WANT TO SHOW HIS FACE AND SPEAK UP AND SAY A LITTLE BIT SO I DON'T ARE TO TALK ABOUT HIM.
>> WELL, I'M TALK A LITTLE BIT ABOUT MYSELF THEN.
I NEVER CEASE TO TALK ABOUT MYSELF MAR LIB SAYS.
SO -- SO MY NAME IS MIKE A CLINGER AND I WORK WITH MICK COTTLE AND JONES AND I SPENT THE BETTER PART OF A DECADE AND A HALF IN PUBLIC AUDITING AND MOST OF IT AUDITING OTHER PUBLIC ENTITIES ON THE WEST COAST SO I HAVE A LOT OF EXPERIENCE WITH COLLEGES AND UNIVERSITIES.
IF YOU HAVE THE SLIDES OR THE PRESENTATION AVAILABLE ON THE VERY LAST SLIDE WE HAVE LISTED WHO THE KEY MEMBERS OF MANAGEMENT ARE FOR THE AUDIT OF THE COLLEGE.
IT LISTS MARLIN AND MYSELF AND WE HAVE TWO SENIORS WHO ARE THE PRIMARY SENIORS ON THE ENGAGEMENT WANDA CORDERO AND SANTOS AND I CAN'T SAY HIS LAST NAME [INAUDIBLE] WHO HAS SIGNIFICANT EXPERIENCE AS WELL.
AND THEN WE HAVE A NUMBER OF OTHER STAFF MEMBERS AN IT MEMBER WHO'S WILL BE INVOLVED BUT THE FOUR INDIVIDUALS LISTED HERE ARE THE KEY MANAGEMENT TEAM.
AT THIS POINT THEN THAT TAKES CARE OF OUR AUDIT.
IF EVERYONE'S QUESTIONS HAVE BEEN ANSWERED.
>> IS THAT DIDN'T TAKE CARE OF YOUR AUDIT IT TAKES CARE OF THE AUDIT PORTION OF THE MEETING.
SO AT THIS POINT, YES, HOLDING TO TIME LET'S MOVE ON THEN TO THE INTRODUCTION
[4.B. Introduction of Chief Internal Auditor Presenter: Rob Wendland]
OF THE CHIEF INTERNAL AUDITOR.>> IT IS WITH GREAT PLEASURE THAT I TAKE THE OPPORTUNITY TO INTRODUCE MS. LORI COX TO THE DALLAS AND WE WASTED NO TIME TO GETTING HER RIGHT IN THE GLOW OF THE BOARD AND COMMITTEE MEETINGS AND SHE COMES TO US WITH A WEALTH OF EXPERIENCE FROM A NUMBER OF INSTITUTIONS INCLUDING PIMA COMMUNITY COLLEGE AND A NUMBER OF TRIBAL GOVERNMENTS.
LORI ALSO WORKED AT INSTITUTE OF INTERNAL AUDITOR WHICH WE REFER TO AS THE IIA AND SHE HAS SERVED AND CONTINUED TO SERVE FOR THAT ORGANIZATION AS A TEACHER AND TRAINER FOR OTHER INTERNAL AUDITORS.
SO WE'RE DELIGHTED TO HAVE HERE JOINING US AND WE'VE GOT HER FIXED UP WITH A CAMERA SO LORI IF YOU WOULD LIKE TO TAKE AN INTRODUCE TO INTRODUCE YOURSELF TO THE TRUSTEES WHO ARE ON THE CALL I'D GIVE YOU THAW OPPORTUNITY NOW.
>> THANK YOU STILL MUTED LORI.
[00:20:02]
NICE TO MEET YOU ALL.I AM SO EXCITED ABOUT THIS OPPORTUNITY AS ROB MENTIONS I'VE BEEN INTERNAL OUGHT I HAD FOR OVER TWENTY YEARS IN A NUMBER OF INDUSTRIES AND I SERVED FOR FIVE YEARS AS THE CHIEF OPERATOR FOR PIMA COMMUNITY COLLEGE SO I'M VERY FAMILIAR WITH COMMUNITY COLLEGES.
I'M A CERTIFICATE INTERNAL AUDITOR AND A CERTIFICATE GOVERNMENT AUDIT PROFESSIONAL AS WELL IN COMPLIANCE IN ETHICS.
AND THIS IS A RETURN TO DALLAS AND I HAVE FAMILY HERE AND I'M EXCITED TO BE BACK AND FOR THIS OPPORTUNITY AND TO WORK WITH THE STAFF AND THE AUDIT COMMITTEE AND THE TEAM HERE TO WORK COLLEGE AND PROGRAMS AND HELP TO MOVE THINGS FORWARD AND TO DRIVE IMPROVEMENT.
SO I THANK YOU AGAIN FOR THE OPPORTUNITY AND LOOK FORWARD TO WORKING WITH EVERYONE.
LORI AND WELCOME AND MADAM CHAIR IF I MIGHT JUST MENTION BRIEFLY HERE JUST A REMINDER CERTAINLY AS THE CHIEF AUDITOR LORI COX WILL BE REPORTING UP AND WORKING WITH THE COMMITTEE AND WORKING WITH PROTOCOLS ON WHAT THAT WOULD LOOK LIKE AND FOR DAY-TO-DAY OPERATIONS SHE REPORTS TO ROB AND AFTER CONSULTATION WITH THE BOARD I WANT TO MENTION ALSO THAT ROB IN HIS ROLE AS GENERAL COUNSEL WILL REPORT UP THROUGH ME.
SO THAT WILL TIE TOGETHER THE GENERAL COUNSEL, THE AUDIT AND THEN OF COURSE FOR OTHER AREAS HE'LL BE REPORTED TO JUSTIN.
SO I WANTED TO ADD THAT CLARITY AND APPRECIATE THE ABILITY TO GET INPUT AND CONSULTATION WITH THE BOARD AS WE PUT THAT IN PLACE.
>> [INAUDIBLE] MS. ZIMMERMAN MAN WHO IS CHAIRING THE AUDIT COMMITTEE MEETING.
>> ALL RIGHTY AND THEN HOLDING TO THE 20-MINUTE LIMIT.
>> MAD OFFICE MANAGER EXCUSE MY INTERPRETATION.
>> I WANT TO TAKE A MOMENT OF PRIVILEGE IF I COULD AND I WANT TO THANK -- AS OUR INTERIM DIRECTOR OF AUDIT.
PAUL UNDER TOOK THE LEAD OF THAT DEPARTMENT AND HE IMPLEMENTED A NUMBER OF NEW STRATEGIES AND PROCESSES THAT HAVE MADE INTERNAL AUDIT EVEN MORE EFFECTIVE AS A PARTNER AND A CRITICAL FUNCTION HERE AT DALLAS COLLEGE AND I DIDN'T WANT THIS MOMENT TO PAUSE WITHOUT THANKING HIM.
>> PAUL DESERVED A GREAT ROUND OF APPLAUSE.
I'D LIKE TO ADD MY THANKS TO PAUL.
WE REALLY APPRECIATE THE WORK HE DID AND I AGREE WITH THE SENTIMENT EXPRESSED BY COUNCIL WIN WARD AND LORI WELCOME ABOARD.
WE'RE EXCITING TO HAVING YOU WITH US AND LOOK FORWARD TO MANY GOOD THINGS.
>> AND I'D LIKE TO SPEAK FOR MY FELLOW BOARD MEMBER BUT I'D THINK WE'D LIKE TO OFFER AND A UNANIMOUS VOTE OF APPROVAL FOR WHAT PAUL HAS DONE AND ALSO TO WELCOME LORI TO THE TEAM.
I'D ALSO LIKE TO THANK PAUL FOR HIS GREAT SERVICE OVER THESE PAST FEW MONTHS AND WELCOME LORI AS WELL.
WE REALLY LOOK FORWARD TO WORKING WITH YOU.
>> CAN YOU JUST ADDRESS A LITTLE BIT YOU MENTIONED IT THE DUAL ROLE THAT ROB HAS AS BOTH A LINE MANAGER FOR CERTAIN OPERATIONAL FUNCTIONS THAT HE REPORTED TO JUSTIN AND ALSO AS GENERAL COUNSEL WHERE HE REPORTED DIRECTLY TO YOU.
CAN YOU JUST SPEAK A LITTLE BIT ABOUT HOW THAT WILL WORK AND HOW IT WILL BE INSTITUTIONALIZED IN OUR GOVERNMENT'S DOCUMENTS AND IF THIS IS NOT THE APPROPRIATE TIME AND YOU PREFER TO DO IT LATER THAT WILL BE FINE.
I DO THINK IT'S IMPORTANT TO HAVE THE ISSUE ON THE RECORD.
>> NO, WELL I THINK IT'S RATHER STRAIGHT FORWARD AS WE LOOK AT IT CERTAINLY AS GENERAL COUNSEL HE HAS A RESPONSIBILITIES TO BOTH ME AND THE BOARD FOR SHOES REGARDING LEGAL ISSUES LAWSUITS OTHER THINGS THAT MAY OCCUR FOR THAT AS WELL
[00:25:03]
AS OVERSEEING THE DAY-TO-DAY OPERATIONS OF THE AUDIT.SO WE, KIND OF, COUPLE THOSE TWO TOGETHER AS REPORTING UP TO ME.
IN BOTH CASES WITH THE CHIEF AUDITOR AND THE CHIEF COUNCIL IN CERTAINLY RESPONSIBILITIES THEY HAVE A RESPONSIBILITY TO ENGAGE WITH THE BOARD AND WHO IS RESPONSIBLE AS WELL.
OBVIOUS THINK THERE MANY AREAS FOR WHICH ROB IS RESPONSIBLE FOR THE DAY-TO-DAY OPERATIONS OF US AS A COLLEGE.
HE OVERSEES OUR POLICE DEPARTMENT FOR EXAMPLE RISK MANAGEMENT OTHER AREAS AS WELL.
FOR THIS HE WILL BE REPORTING UP TO JUSTIN AND OUR DOCUMENTS ARE REFLECTING THAT ACCORDINGLY.
SO ROB GETS BLESSED WITH TWO LINES AND WHICH WE'RE FORTUNATE TO HAVE SOMEONE WHO HAVE NOISE TROUBLE DIFFERENTIATING BETWEEN THOSE TWO ROLES AN RESPONSIBILITIES AND UNDERSTAND BOTH THE RESPONSIBILITY TO THE BOARD, TO ME, AND TO THE ORGANIZATION AND THOUSAND THOSE ARE PRIORITIZED SO OUR DOCUMENTS WILL REFLECT THAT AS APPROPRIATE.
>> ALL RIGHTY AND IF THERE IS ANY MORE QUESTIONS.
WELCOME TO THE CROWD MS. CO X PAUL.
>> PAUL IS THE PANELIST IF YOU WANT TO HEAR A BRIEF COMMENT FROM HIM, HE'S AVAILABLE.
>> I'M HERE, AND AGAIN, I HUMBLY THANK YOU FOR THE OPPORTUNITY TO SERVE YOU AND IT'S AN HONOR THAT I'M A GRADUATE OF THE COLLEGE AS WELL.
AND I LOOK FORWARD TO PARTNERING WITH LORI AND I THANK YOU FOR YOUR VOTE OF CONFIDENT IN INTERNAL AUDIT.
>> WE COULDN'T HAVE DONE IT WITHOUT YOU.
>> ALL RIGHTY AND IF -- WE HAVE NO OTHER BUSINESS BEFORE THE COMMITTEE.
THAT IS THE ACTUAL ADJOURNMENT FOR THE AUDIT COMMITTEE MEETING.
* This transcript was compiled from uncorrected Closed Captioning.