Internal Audit Flowchart and Internal Audit Report.

President Brown reported that the Internal Audit Flowchart was brought to the Board because there was a question at the March meeting about how this information was tracked. The chart indicates that a copy of the reports are forwarded to the Executive Committee after management response.

James Harris, Internal Auditor, shared an update on the Internal Audit Report. Work has begun on the Title III review, the vendor payment review will begin on July 12th, the review of contracts will begin on August 2nd, and work on the annual risk assessment will begin on September 1st.

MOTION by Regent Jantzen:

Move the Executive and Audit Committee to adjourn. Seconded by Regent Barfield and passed without dissent.