October 27, 2011

Brendan T. Flynn, Committee Chair
Presiding……………………………….

Mr. Flynn called the Meeting of the Audit Committee of the Greater Hartford Transit District (the “District”) to order at 5:35 p.m. in the Transit District’s Offices, One Union Place, Hartford, CT. Committee members physically present included Brendan T. Flynn and A. David Giordano. Committee member Mary A. Oliver participated via telephone. Reed Risteen and Leslie Zoll of Blum, Shapiro and Company were also in attendance. Vicki L. Shotland, Executive Director, and Kimberly A. Dunham, Director of Fiscal and Administrative Services, represented District Staff. Bradshaw Smith, a resident of Windsor, also was present.

Mr. Risteen presented the Draft Comprehensive Annual Financial Report, State Single Audit Report, and Federal Single Audit Report for the Fiscal Year ended June 30, 2011. Blum Shapiro has issued an unqualified (clean) opinion on the agency’s financial statements. Final budget revisions will be presented for adoption at the November 10, 2011 Board of Directors meeting and Mr. Risteen will then present the audit reports for acceptance by the full board immediately following. Note was made that the audit and report distribution schedule had been significantly expedited this fiscal year.

The committee members then met with Mr. Risteen and Ms. Zoll absent management’s representation. Upon motion by Ms. Oliver and seconding by Mr. Giordano, the Committee unanimously voted to submit the draft audit reports to the full board. There being no further business brought before the Committee, Ms. Oliver moved that the meeting be adjourned.  Upon second by Mr. Giordano, the meeting was adjourned at 6:07 p.m.

                                                                Respectfully submitted,
                                                           
                                                            Kimberly A. Dunham
                                                            Acting Committee Secretary