Minutes
Audit Committee
Greater Hartford Transit District
Hartford, Connecticut

June 22, 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 5:32 p.m. in the Transit District's Offices, One Union Place, Hartford, Connecticut. Committee members present included Brendan T. Flynn 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 and served as Acting Committee Secretary.

Mr. Risteen provided an overview of the upcoming audit process including scope of work and anticipated timeline. Blum Shapiro will audit the financial statements of the District, prepare both the State and Federal Single Audit Reports, and review the application of National Transit Database procedures. Interim field work has already been completed and final field work should be complete by August 26, 2011. Discussion ensued regarding an expedited timeline for financial statement distribution. A review of several GASB proclamations were reviewed, however none will affect the District directly.

Next the committee members met briefly with Mr. Risteen and Ms. Zoll in the absence of management representation.

There being no further business brought before the Committee, Mr. Giordano moved adjournment and Mr. Flynn adjourned the meeting at 6:02 p.m.

Respectfully submitted,
Kimberly A. Dunham
Acting Committee Secretary