Regent Bearden, in the absence of Regent Barfield, called the meeting of the Kentucky State University Board of Regents Audit Committee to order at 12:15 p.m. on April 25, 2014. Meeting was held in the Board Room – Academic Services Building.

Mindy Barfield Karen Bearden David Guarnieri Not Present Present Present

Travis Haskins Present

A quorum was established

Approval of the January 25, 2014 minutes – motioned by Regent Bearden, seconded by Regent Guarnieri– Approved.

Mr. Ferm presented additional focus areas of the 2014 audit plan. He reviewed the timeline established for upcoming interviews and walkthroughs for June 2014. Mr. Ferm called attention to the moderate risk areas of Student Financial Aid and Land Grant and other grants.

Motion to adjourn by Regent Bearden and seconded by Regent Guarnieri. Meeting was adjourned at 12:31 p.m.

Action:

X Approved with no corrections

___ Approved with corrections

Submitted and Approved by:

Regent Karen Bearden, Acting Chair

Audit Committee

Board of Regents