Minutes
Audit Committee
Greater Hartford Transit District
Hartford, Connecticut
November 23, 2010

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 5:40 p.m. in the Transit District’s Offices, One Union Place, Hartford, CT. Committee members present included Brendan T. Flynn, Mary A. Oliver (arrived 5:47 p.m.) and A. David Giordano. Reed Risteen and Leslie Zoll of Blum, Shapiro and Company were also in attendance. Kimberly A. Dunham, Director of Fiscal and Administrative Services, represented District Staff.

Mr. Risteen presented the Draft Comprehensive Annual Financial Report, State Single Audit Report, and Federal Single Audit Reports for the Fiscal Year ended June 30, 2010. Final Fiscal Year Budget Revisions had previously been accepted at the November 4, 2010 Board of Directors meeting. Blum Shapiro has issued an unqualified (clean) opinion on the agency’s financial statements and there were no new GASB requirements this year.

Next the committee members met briefly with Mr. Risteen and Ms. Zoll without management’s presence. Upon motion by Ms. Oliver and seconding by Mr. Giordano, the Committee unanimously voted to accept the Audit Report as submitted by Blum, Shapiro and Company. 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 6:25 p.m.

 

Respectfully submitted,

Kimberly A. Dunham
Acting Committee Secretary