Minutes
The
meeting was called to order at 2:05 P.M.
Approval
of Minutes
The
minutes of the 8/14/03 & 8/22/03 meetings were unanimously
approved.
Audit
Proposals
Mike
McNee had previously emailed a spreadsheet to all committee
members, listing the audit fees and the engagement hours submitted
by each of the 24 responding firms, with a calculation of
each firms’ hourly rate. Committee members discussed
the varied results.
Lynn
Chambers summarized the seven bullet points included in the
RFP as discussion items on the listing sent out to committee
members. Steve Langowski asked that a first cut be made to
the list. Various criteria were discussed, including number
of engagement hours, any Board involvement by the firms, and
any peer review issues. The committee instructed Ms. Chambers
to contact the firms that hadn’t listed engagement hours.
Twenty-four
proposals were initially received, and twelve were eliminated.
Chair
Langowski asked all committee members to read each of the
remaining proposals. Ms. Chambers was asked to overnight a
complete set of the 12 proposals to each of the 6 committee
members. The committee decided to meet via teleconference
on Thursday, September 4, to narrow the candidate list further.
With
no further business to be discussed, the meeting was adjourned
at 2:45 P.M.
Respectfully
submitted,
David
Haar
Approved 9/15/03
