Kentucky State University Finance and Business and Audit Committee Joint Meeting Board of Regents 9:15 a.m., April 27, 2012 Frankfort, Kentucky

I. Call to Order

MINUTES

Regent Laura Douglas sat in as a committee member and called the meeting to Order at 9:15 a.m. on April 27, 2012.

II. Roll Call

Regent Douglas asked for the roll call, which was recorded as follows:

Regent Laura Douglas, present

Regent David Guarnieri, absent

Regent Chuck Whitehead, absent

Regent Ron Banks, present

Regent Mindy Barfield, present

Regent Karen Bearden, present

Regent Syamala Reddy, absent

Regent Phyllis Williams, present

Mrs. Johnson, absent

Mrs. Gee, present

A quorum was declared.

III. Approval of Minutes

Action:

Motion to approve the minutes from the January 27, 2012 Finance and Business Committee and Audit Committee meeting was made by Regent Barfield and seconded by Regent Williams. The minutes were approved as presented.

Regent Douglas recognized Dr. Sias to carry the discussion forward in Mrs. Johnson's absence.

IV. Audit Report

Dr. Griskell introduced Mr. Mark Ferm, partner with Tronconi Segarra & Associates, LLP, as the university's internal auditing firm.