Finance Subcommittee on Audits, 2004-2009, 2004-2009

Finance Subcommittee on Audits, 2004-2009 April 19, 2004: Acceptance of Minutes of October 21, 2003: Engagement of Audit Firm FY'04 Audit; Discussion scope of FY 04 audit: Implications of Statement on Auditing Standards No, 99-- Consideration of Fraud in a Financial Statement Summary; Reviewed Audit Report on Financial Statements and Federal Awards; Discussion of Nacubo Advisory Report -- the Sarbanes-Oxley Act of 2002: Recommendations for Higher Eduction. April 27, 2004: CSB/SJU Joint Audit Committee Meeting: Approval of Minutes of April 8, 2003; Annual Update and Review of Coordinate Liability Issues; Key Performance Ratios and Trends; Insurance Coverage Analysis; Update on Open and Closed Insurance Claims last Year; CSB Debt Financing. 2004-2005: November 19, 2004: Approval of Minutes of April 27, 2004; June 30, 2004 Audit; Discussion on Management Letter; Review of Audit Committee Responsibilities; Review of Conflict of Interest Disclosure; Update on Banner. April 14, 2005: Approval of Minutes of November 19, 2005; Engaged audit firm FY 05 Audit; Scope of FY 05 audit; Audit Report on Financial Statements and Federal Awards; Systems and Controls Review Project; Audit Committee Chapter; Revised Conflict of Interest Statement; Proposal to Improve Tax Compliance of Tax-Exempt Organizations April 14, 2005: CSB/SJU Audit Committee Meeting; Approval of Minutes of April 27, 2004; Annual Update and Review of Coordinate Liability Issues; Key Performance Ratios and Trends; Insurance Coverage Analysis; Update on Open and Closed Insurance Claims. Financial Audit Report; June 30, 2005 and 2004 2005-2006 November 15, 2005 Approve April 14 and June 29, 2005 Minutes Presentation of June 30, 2005 Audit Discuss Management Letter Review Audit Committee Responsibilities Review Conflict of Interest Policy Review Conflict of Interest Disclosures Other April 24, 2005 Approve November 15, 2005 minutes Engage audit firm for FY 2006 audit Discuss scope of FY 2006 Review the Audit Report on Financial Statements and Federal Awards Review Revised Conflict of Interest Statement Other - Updates on Issues for Not-for-Profits April 24, 2006 - Coordinate Approve April 14, 2005 Minutes Annual Risk Management Report Insurance Coverage analysis Open and Closed Claims and update on Claims Incurred over the Last Year Key Performance Ratios and Trends Sarbanes-Oxley - ethics point follow-up discussion 2006-2007 November 7, 2006 Approve April 24, 2006 minutes Presentation of June 30, 2006 Audit Discuss Management Letter Review Audit Committee Responsibilities Other April 26, 2007 Approve November 7, 2006 minutes Engage audit firm for FY 2007 audit Discuss scope of FY 2007 Review the Audit Report on Financial Statements and Federal Awards April 26, 2007 - Coordinate Approve April 24, 2006 Minutes Annual Risk Management Report Insurance Coverage Analysis Open and Closed claims Key performance ratios and trends Sarbanes-Oxley - Ethics Point follow-up discussion CSB Review of 2007 Audit: Status of Engagements, Required Communications, Management Suggestions, Financial Statements, Financial Ratios, Questions - Virchow Krause and Company 2007-2008 November 7, 2007 Accept April 26, 2007 minutes Presentation of June 30, 2007 audit Discuss management letter Review audit committee responsibilities Review conflict of interest disclosure Governing Audit Standards and OMB Other April 30, 2008 Accept November 7, 2007 minutes Engage audit firm for FY 2008 audit Discuss scope of FY 2008 audit Discuss new accounting and auditing standards Review the Audit Report on Financial Statements and Federal Awards April 30, 2008 - Coordinate Approve April 26, 2007 minutes Annual risk management report Key performance ratios and trends Review legal document on liability and indemnity between CSB and SJU CSB Review of 2008 Audit: Status of Engagements, Required Communications, Management Suggestions, Financial Statements, Financial Ratios, Questions - Virchow Krause and Company 2008-2009 November 12, 2008 Acceptance of Minutes - April 30, 2008 Presentation of June 30, 2008 Audit Discuss Management Letter Review Audit Committee Responsibilities Review Conflict of Interest Disclosures April 20, 2009 Acceptance of Minutes - November 12, 2008 Engage audit firm for FY09 audit, discuss scope of FY09 audit, and discuss new accounting and auditing standards Review the Audit Report on Financial Statements and Federal Awards Review and approve Red Flag Rule Document Review and approve indemnification agreement Review 990 April 20, 2009 (Joint) Approve April 30, 2008 minutes Annual Risk Management Report Key Performance Ratios and Trends Review Legal Document on Liability and Indemnity between CSB & SJU Summary of Meeting's Accomplishments