April 11, 2018 Minutes SSE Audit Committee

April 11, 2018 Minutes

SONOMA STATE ENTERPRISES, INC.
AUDIT COMMITTEE
Minutes
April 11, 2018

MEMBERS PRESENT:

Mr. Yale Abrams, Dr. John Urbanski

MEMBERS ABSENT:

Ms. Christina Gamboa, Ms. Joanie Ly

OTHERS PRESENT:

Mr. Chris Birchall, Ms. Megan Konieczka, Mr. Bobby LaCour, Ms. Joyce Lopes, Mr. Neil Markely, Ms. Amanda Visser

I. Call to Order

The meeting was called to order at 8:37 a.m.

II. Approval of the September 7, 2017 minutes

The minutes were provided via email prior to the meeting. Mr. Abrams moved to approve the minutes from September 7, 2017. Dr. Urbanski seconded the motion. There were no objections. The minutes passed unanimously.

III. Audit Planning and Timeline

Mr. LaCour explained the scope of the work and pointed out some minor regulatory changes from the previous year. He also reviewed the timeline with the committee.
Discussion ensued regarding the cost of the audit.

IV. ACTION ITEM: Engage Auditors for 2017/2018 Fiscal Year

Dr. Urbanski made a motion to engage the auditors for the 2017/2018 Fiscal Year Audit. Mr. Abrams seconded the motion. None opposed and the motion passed unanimously.

V. Other Non-Action Items

Ms. Visser explained the CSU Auxiliary Compliance Audit will be conducted again on a three-year cycle. . We have been notified the CSU auditors will conduct and audit in September and she will provide the scope once she has received it.

Ms. Lopes will be having a “Happy New Year” party to celebrate the end of the fiscal year on June 30th. She invited the audit committee.

The meeting was adjourned at 9:00 a.m.

Mr. Neil Markley Chief Operating Officer, Secretary

Megan Konieczka Recording Secretary