2150 River Plaza Drive, Suite 460
Sacramento, CA 95833

Audit Committee Meeting

March 29, 2017

12:00 p.m.
(Meeting in offices of TNBC)

Call to order

1. Call to Order of the Meeting of the Audit Committee

The Committee Chair will call the meeting to order if a quorum is present. Announcements may be made at this time.

Public comment

2. Public Comments

Opportunity for members of the public to address the committee.

Action item

3. Approval of the minutes

The Committee Chair will request approval of the minutes of the Committee meeting of March 30, 2016.

Download the March 30, 2016 Minutes (PDF, 84 KB)

Action item

4. Review the audited financial statements for the year ended December 31, 2016

The Committee will review the audited financial statements for the year ended December 31, 2016. Peggy Vande Vooren with Gilbert Associates, Inc. will present the audit and discuss it with the Committee.
The Committee may exercise its right to have discussions with the auditors without staff present at this time.

Download the Audited Financial Statements, December 31, 2016 (PDF 644 KB)

Action item

5. 2016 Form 990

As a “best practice,” and to respond affirmatively to the Conservancy tax reporting with the IRS and CFTB, this item presents the Conservancy’s 2016 Form 990 for Board review. The Board of Directors will have an opportunity to comment on the annual filings with state and federal tax authorities.

Download the 2016 Form 990 (PDF 440 KB)

Action item

6. Review of Executive Director credit card charges

The Committee will conduct its annual review of the Executive Director’s company credit card charges for 2016.

Action item

7. Rice lease analysis

In an effort for Board members to better determine if Conservancy rice prices were competitive with the market, the Board Chair tasked the Audit committee to conduct an examination of the market rates for rice. Committee member will report on progress to date.


8. Adjournment

Official adjournment of the meeting.