MINUTES - Audit Oversight 11-01-07

AUDIT OVERSIGHT COMMITTEE MEETING FOR THE METROPOLITAN TRANSIT SYSTEM (MTS), SAN DIEGO TRANSIT CORPORATION (SDTC), AND SAN DIEGO TROLLEY, INC. (SDTI) November 1, 2007 MTS 1255 Imperial Avenue, Suite 1000, San Diego MINUTES A. ROLL CALL 1. Chairman Ewin called the meeting to order at 10:23 a.m. A roll call sheet listing Audit Oversight Committee member attendance is attached. 2. APPROVAL OF MINUTES Ms. Atkins moved approval of the minutes of the September 20, 2007, Audit Oversight Committee meeting. Mr. Mathis seconded the motion, and the vote was 3 to 0 in favor, with Mr. Ridone abstaining. In response to a question from Mr. Ewin, Mr. Jablonski, MTS CEO, reported that the Nominating Committee has not yet met. Mr. Ewin reiterated assignments that were outlined in the minutes. He also requested that the minutes, which detail discussions and assignments from the September 20, 2007, Committee meeting, be forwarded to all Board members. B. AUDIT OVERSIGHT COMMITTEE DISCUSSION ITEMS 1. MTS: Status of 2007/2008 Internal Audit Projects and SDTC Safety Review Audit Report (LEG 492) Mr. Mark Abbey, MTS Internal Auditor, reviewed his internal audit projects for 2007/2008 as outlined in Attachment A of the agenda item. He stated that he is currently auditing the multimodal contract area and, as part of that audit, is making site visits to Veolia Transportation and paratransit operations. He stated that one of the ...