MEETING OF THE AUDITING COMMITTEE OF THE BOARD OF TRUSTEES HOUSTON COMMUNITY COLLEGE SYSTEM March 14, 2002 Minutes The Board of Trustees of the Houston Community College System held a Meeting of the Auditing Committee on March 14, 2002, at the HCCS Administrative Center, Chancellor’s Conference Room, 12th Floor, 3100 Main, Houston, Texas. Committee Members Present Jay K. Aiyer, Chair Michael P. Williams, D.Min. Herman Litt, Alternate 2 Bruce Austin, Alternate 3 James R. Murphy, Alternate 4 Committee Members Absent Yolanda Navarro Flores Administration Bruce H. Leslie, Chancellor Jose Villarreal, Vice Chancellor, Economic Development Gloria Walker, Vice Chancellor, Finance & Administration Patricia Williamson, Vice Chancellor, Institutional Development Jack Daniels, President, Central College Carolyn Glass for Zach Hodges, President, Northwest College Sylvia Ramos, President, Southeast College Miles Bradshaw, General Counsel Michael Kyme, Executive Director, Purchasing Brenda Cox, Interim Assistant to the Chancellor Others Present Arturo Michel, System Counsel, Bracewell & Patterson@ Alex Warren, President, Faculty Association Other staff, citizens and representatives of the news media Call to Order Mr. Aiyer the meeting to order at 4:20 p.m. and declared the Committee convened to consider matters pertaining to the Houston Community College System as listed on the duly posted Meeting Notice. Houston Community College System Audit Committee – March 14, 2002 – Page 2 PROCESS FOR SELECTION OF VENDOR FOR FINANCIAL AUDITING SERVICES The Chancellor explained that proposals were solicited for financial auditing services. Since only two proposals were received the Chancellor asked if the Committee wished to extend the outreach to seek additional firms, modify the criteria for evaluating firms, and hear presentations from the two firms. Consensus: • Administration was directed not to resubmit the RFP or extend the timeline; however, future searches should be broadened to include appropriate professional organizations. • The committee accepted the evaluation criteria. • Both vendors will be asked to make presentations before the Audit Committee. However, staff will first hear the presentations and evaluate the firms. Mr. Michel advised that under the Professional Services Procurement Act, firms must be rank ordered. Adjournment With no further business, the meeting was adjourned at 4:45 p.m. Minutes Prepared by: Reliable Transcription Services Reviewed, Finalized and Submitted by: Yolanda Navarro Flores, Secretary Board of Trustees Minutes Approved as Submitted: August 25, 2005