Board of Directors Agenda
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.
2. Public Comments
Opportunity for members of the public to address the committee.
3. Approval of the minutes
The Committee Chair will request approval of the minutes of the Committee meeting of March 30, 2016.
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.
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.
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.
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.
Official adjournment of the meeting.