NCAA SELF-STUDY CERTIFICATION

MINUTES OF FISCAL INTEGRITY SUBCOMMITTEE

OCTOBER 16, 2002, 9:00 A.M.

Present:            Ed Nolan, Gadis Dillon, Simon Dover, Edward Farragher, Marjorie Goodhue, Nicholas O=Shea, Ryan Rzepka, Linda Switzer, Cheryl Verbruggan, Jane Bentham

Introductions were made and Ed read the charge of the Fiscal Integrity Subcommittee on page 29 of the Self-Study Instrument.

It was determined that the subcommittee would meet twice a month and be finished with their task by March 31-April 30, 2003 with a draft to be presented to Vic Zamardi.  The next two meetings of the subcommittee will be November 6, 9:00-10:30 a.m. and November 20, 1:30-3:00 p.m.  Both meetings will be held in the Honors College Conference Room, 112 E. Vandenberg.

Ed asked for a document coordinator and Marjorie Goodhue volunteered for the task.

Operating Principles

3.1.            Financial Practices
            Self-Study Item

1.            The revenue sources are listed in the last internal audits and will be available to the subcommittee at the next meeting.  These internal audits follow NCAA guidelines.  

2.            The process for budget development will be written by Cheryl Verbruggan and Simon Dover in a step by step format.  Marjorie will assist in gathering this information.

3.            Management letters are included in the audit.  The process for selecting an external auditor will be gathered by Ed Nolan.

4.            Any corrective actions planned or implemented from any of the auditor=s reports will be noted by Marjorie Goodhue with responses from Simon Dover.

5.            Linda Switzer will gather information on University Policies and Procedures on how money is spent and for approving any expenditures.  Athletically related income forms are on file in the Athletics Office.