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Audit Committee Meeting

May 4 @ 10:00 am - 11:00 am

RAP Audit Committee AGENDA
May 4, 2020  at 10:00 AM
CALL-IN Information: 1 669 900 6833 Meeting ID: 911 8127 0304

https://us02web.zoom.us/j/91181270304

This meeting is being conducted utilizing teleconferencing and electronic means only.  There will not be a physical location. 

 

Members of the public may be able to participate by telephone, using the following dial-in information: Phone number: 1 669 900 6833 Meeting ID: 911 8127 0304 Reasonable accommodation:  Any individual with a disability who requires reasonable accommodation to attend or participate in this meeting may request assistance by emailing MReyes@RAPFoundation.org.  Notification at least 48 hours prior to the meeting start time will enable us to make reasonable arrangements to ensure accessibility to the meeting.

I. CALL TO ORDER- Roll Call

II. Approval of the AGENDA –In order to meet Brown Act requirements, items may be added to the agenda only upon decision by a majority of the Board of Directors to add the item because of a need for immediate action.

Motion:             Second:         Approved:               Opposed:          Abstention Name(s):

III. PUBLIC COMMENT / PRESENTATIONS – Any individual wishing to comment on the agenda or an item not on the agenda may do so my emailing Mreyes@RAPFoundation.org or calling in at the number above.  All emailed comments must be received prior to the 10:00 AM start time. Persons wishing to speak are requested to be recognized at the appropriate time. General comments regarding non-agenda items will be called for at this time. Specific comments regarding agenda items will be called for during discussion of each item. Please be prepared to limit your Public Comment remarks to three (3) minutes.

 IV. CONSENT ITEMS:
       A. MEETINGS MINUTES of Sept. 23, 2019 Committee Meeting. The meeting scheduled for Oct. 14, 2019 was not official due to a lack of quorum.   (attach. 1)

 

Staff Recommendation:  Approve the Sept. 23, 219 Minutes.

Motion:             Second:         Approved:               Opposed:          Abstention Name(s):

V. NEW BUSINESS ITEMS – Action Required

A. Discussion on engaging Marynov, Madsen, Gordon and Campbell for the 2019-20 Audit.
Marynov, Madsen Gordon and Campbell has completed RAP’s three previous audits, 2016-2017, 2017-2018, and 2018-2019.  The cost of the audit and Financial Statement Preparation is $15,000 and $1,800 for the Tax Preparation.  We anticipate that this year’s pre-Audit preparation will be improved with our Treasurer’s oversight.

Staff Recommendation:  To recommend to the full Board to direct Staff to enter into an agreement with Marynov, Madsen, Gordon and Campbell for our 2019-2020 Audit.

 Motion:             Second:         Approved:               Opposed:          Abstention Name(s):

VI. BOARD MEMBER / STAFF COMMENT

VII. ADJOURNMENT:  Next meeting is TBD, likely in Sept.   Until further notice, all meetings  will take place by web and/or teleconference. Agenda Posting: Agendas will be posted on the Foundation website – www.rapfoundation.org – a minimum of 72 hours prior to the meeting date. If a public record document that relates to a matter on the open session of theAgenda is distributed less than 72 hours prior to the meeting date, the public record document shall be available for inspection,at the same time it is distributed, at the address listed above. Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities, as required by Section 202 of the Americans with Disabilities Act of 1990.

Details

Date:
May 4
Time:
10:00 am - 11:00 am