Audit Committee Meeting transcript of March 10, 2010

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS AUDIT COMMITTEE MEETING TDHCA Headquarters 221 E. 11th Street Room 116 Austin, Texas March 10, 2010 4:00 p.m. COMMITTEE MEMBERS: GLORIA RAY, Chair TOM GANN, Member LOWELL KEIG, Member STAFF: MICHAEL GERBER, Executive Director SANDY DONOHO, Internal Audit Director ON THE RECORD REPORTING (512) 450-0342 2 I N D E X AGENDA ITEM PAGE CALL TO ORDER, ROLL CALL 3 CERTIFICATION OF QUORUM PUBLIC COMMENT none REPORT ITEMS Item 1 Presentation, Discussion and Possible 4 Approval of Audit Committee Minutes forOctober 14, 2009 Item 2 Presentation and Discussion of the 4 Internal Audit Peer Review Results Item 3 Presentation, Discussion and Possible 9 Approval of the Audit Committee Charterand Board Resolutions Item 4 Presentation and Discussion of Audit 13 Results from Deloitte and Touche, CPAs Item 5 Presentation and Discussion of Recent 40 Internal Audit Reports Item 6 Presentation and Discussion of Status 42 of Prior Audit Issues 78 Item 7 Discussion of Hotline/Fraud Investigation 52 Workload Item 8 Discussion of Davis Bacon Requirements 61 EXECUTIVE SESSION 89 ADJOURN 90 ON THE RECORD REPORTING (512) 450-0342 3 P R O C E E D I N G S MS. RAY: It is exactly four o'clock, according to Curtis's computer, so we are going to ...