Board of Regents Audit Committee 12:00 pm, July 22, 2011 Frankfort, Kentucky

MINUTES

1. Call to Order

Regent Bearden called the meeting of the Kentucky State University Board of Regents Audit Committee to order at 12:00 pm on July 22, 2011.

II. Roll Call

Regent Barfield-No Regent-Bearden-Present Regent-Williams-Present Regent-Reddy-Present Dr. Ralph Kimbrough-Present Quorum Established: Yes

III. Opening Remarks

Regent Bearden presented the minutes of the May 11, 2011 Audit Committee meeting.

IV. Approval of Minutes

Action: The motion for approval of the minutes from the May 11, 2011, meeting was made by Regent Reddy and seconded by Regent Williams. The motion passed.

• V.Internal Auditor's Report
• VI.Approval of Revised Audit Plan

Action: Following discussion, the motion was made by Regent Williams and second by Regent Reddy for Dr. Sias and Dr. Kimbrough to decide on the priority of audit projects for the University. The motion passed.

Meeting was adjourned at 12:40 pm