KENTUCKY STATE UNIVERSITY BOARD OF REGENTS FINANCE AND AUDIT COMMITTEE SPECIAL CALLED MEETING

*** Meeting Was Conducted in Person and by Teleconference *** Friday, September 22, 2023 2:00 p.m. EDT

Board of Regents Room Julian M. Carroll Academic Services Building, 2nd Floor Frankfort, Kentucky 40601 (Primary Physical Location)

MINUTES *****

I. Call To Order

Chair Ed Hatchett called the meeting to order at 2:03 p.m.

II. Roll Call

The Board's Secretary, Zachary Atwell, called the roll:

Regent Ed Hatchett, Chair Present Regent Tammi Dukes Present Regent Ernie Fletcher Present Regent Robert Ramsey, Sr. Present

At least three (3) Committee members were in attendance. A quorum was therefore established.

III. Approval of the Agenda

MOTION by Regent Dukes:

Move the Committee to approve the agenda of the September 22, 2023, special called meeting of the Finance and Audit Committee.

Seconded by Regent Ramsey and passed without dissent.

IV. Information Items

A. Update from CBIZ

Mr. Ben Martin, CFE, a senior manager for CBIZ, presented this agenda item. Mr. Martin shared a PowerPoint presentation regarding the status of the internal audit, which included information on the tasks completed to date and the next steps to be taken. Since January 2023, CBIZ has performed six to seven internal audits for KSU and is now following up on management responses as well as any changes that may have occurred. Mr. Martin reported