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Audit Committee
Greater Hartford Transit District
Hartford Connecticut
June 8, 2016

Brendan T. Flynn, Committee Chair

Mr. Flynn called the Meeting of the Audit Committee of the Greater Hartford Transit District (the “District”) to order at 5:31 p.m. in the Transit District’s Offices, One Union Place, Hartford, Connecticut.  Committee members present included Brendan T. Flynn and Mary Oliver (on conference call). Reed Risteen and Leslie Zoll of Blum, Shapiro and Company were also in attendance. Vicki Shotland, Executive Director, and Nhan Vo-Le, Director of Fiscal and Administrative Services, represented District management.  Ms. Vo-Le served as Acting Committee Secretary.

Mr. Risteen provided an overview of the audit process for the fiscal year 2016 including objective of the audit, responsibilities, audit scope and materiality, audit approach, engagement timing and team, fraud risk assessment, as well as current and future accounting standards.   Blum Shapiro will audit the financial statements of the District, and prepare both of the State and Federal Single Audit Reports. The interim and final audit will be commenced the week of July 5th and August 15th; respectively.  A review of several GASB Statements was noted; however, none were determined to have a significant impact on the District.

There being no further business brought before the Committee, Ms. Oliver moved adjournment and Mr. Flynn adjourned the meeting at 5:52 p.m.

Respectfully submitted,

Nhan Vo-Le
Acting Committee Secretary

Posted: June 9, 2016