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# KENTUCKY STATE UNIVERSITY Regular Meeting of the Board of Regents Audit Committee April July 25, 2014 12:00 noon Board Room – Academic Services Building Frankfort, Kentucky

## MINUTES

## Call to Order

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.

## Roll Call

Mindy Barfield

Karen Bearden

David Guarnieri

Not Present

Present

Present

Travis Haskins

Present

A quorum was established

## Approval of Minutes

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

## Opening Remarks

## Discussion

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.

## Adjournment

Action:

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

Submitted and Approved by:

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Regent Karen Bearden, Acting Chair

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 X Approved with no corrections

Audit Committee

Board of Regents

___ Approved with corrections