Sonoma State University

April 28, 2022 Minutes SSE Audit Committee Meeting

Minutes

SONOMA STATE ENTERPRISES INC.
AUDIT COMMITTEE MINUTES
April 28, 2022

MEMBERS PRESENT:

Mr. Fred Vaske, Dr. John Urbanski

MEMBERS ABSENT:

Ms. Emily Porter

OTHERS PRESENT:

Mr. Markley, Ms. Amanda Visser, Mr. Monir Ahmed, Mr. Andy Maffia, Mr. Jon Hu

  1. Call to Order
    This meeting was called to order at 10:03am
  2. Approval of the September 14, 2021 Minutes
    The minutes were provided via email prior to the meeting. The minutes were approved without any objections.
  3. Audit Planning and Timeline
    Mr. Markley gave a brief overview of the year for SSE, the Organization has worked hard to contain costs and still serve the University. While a loss was budgeted for the year we are now projecting a breakeven year.
    Mr. Maffia went through the Planning Packet making the auditor required communications and reminding the committee of the Auditor’s responsibilities and SSE’s responsibilities. He went over the audit team and the planned timeline for the audit.
    Mr. Vaske requested that the audit team look at going concern as it was a discussion the committee had last year and brought it up to the board. Mr. Maffia indicated that is something they look at in every audit but will take a close look this year as requested.
  4. ACTION ITEM: Engage Auditors for 2021/2022 Fiscal Year
    Item was unanimously approved
  5. Other Non- Action Items
    ​None.

This meeting was adjourned at 10:47am