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KSU Foundation

Finance and Audit Committee: January 29, 2014

 The Finance and Audit Committee met on Jan. 29, 2014. Chairman Rand Berney presided. Action taken and topics discussed included the following:

  • Reviewed 2nd quarter FY14 operating forecast.
  • Received update on tiered liquidity reserves and recommended target levels.
  • Received financial scenarios around real estate potential transactions.
  • Committee recommended EthicsPoint platform be utilized by KSUF.
  • Reviewed and approved KSUF CEO and KSU president and cabinet 2nd quarter FY14 expenses from private funds and reviewed the 1st half summary of Expenses.