KENTUCKY STATE UNIVERSITY BOARD OF REGENTS FINANCE & AUDIT COMMITTEE AND INVESTMENT & ADVANCEMENT COMMITTEE SPECIAL JOINT MEETING
*** Meeting Was Conducted in Person and by Teleconference *** November 21, 2023 1:30 p.m. EST
Board of Regents Room Julian M. Carroll Academic Services Building, 2nd Floor 400 East Main Street Frankfort, Kentucky 40601 (Primary Physical Location)
MINUTES *****
I. Call To Order
Regent Edward Hatchett, Chair of the Finance & Audit Committee, called the meeting to order at 1:30 p.m.
II. Roll Call
The Committee’s Secretary, Zachary Atwell, called the roll:
Regent Edward Hatchett, Esq., Chair Present
Regent Ernie Fletcher, MD, Co-Chair Present
Regent Tammi Dukes Present
Regent Robert Ramsey, Sr. Present
At least three (3) Regents were in attendance and present at roll call. A quorum was therefore established. Regent Adams and Regent Walston also were present.
III. Approval of the Agenda
MOTION by Regent Dukes:
Move the Committee to approve the agenda of the November 21, 2023, special meeting of the Finance & Audit Committee.
Seconded by Regent Ramsey and passed without dissent.
IV. Information Items
A. Update from CBIZ
Senior CBIZ Manager, Mr. Ben Martin, CFE, presented this agenda item. Mr. Martin shared CBIZ's internal audit accomplishments to date, reporting that CBIZ continued their follow-up with previously accomplished process audits and reviews from January through June. He also noted that final audit reports will be updated to include the process enhancements and that the risk assessment profile has been finalized as well. The financial aid audit is being put