Regent Henry called the meeting to order at 10:07a.m. on July 26, 2013.
Regent Henry asked for the roll call, which was recorded as follows:
Regent Lavaughn Henry, present Regent Ron Banks, present Regent David Guarnieri, absent Regent Syamala Reddy, absent Regent Chuck Whitehead, present Mrs. Lockridge, present
A quorum was declared.
Action: Motion to approve the minutes from the April 26, 2013 Finance and Business Committee meeting was made by Regent Henry. The minutes stand as approved as submitted.
Regent Henry recognized Mrs. Lockridge to carry the discussion forward.
Executive Summary
Vice President Lockridge gave an overview of the Executive Summary Narrative. Budget vs. Actual year-to-date through May was presented. Staff is working to complete the June financials for the fiscal year.
The committee was informed that the external auditors from DeanlDortonlAllenlFord have been on campus several times and will be back for about three weeks beginning the week of August 4th to