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Minutes Audit Committee
Greater Hartford Transit District
Hartford, Connecticut

November 5, 2015

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 5:34 p.m. in the Transit District’s Offices, One Union Place, Hartford, Connecticut.  Committee members present included Brendan T. Flynn and Mary A. Oliver who arrived at 5:44 p.m.  Board members present included Chairman Stephen F. Mitchell and David Raney.  Reed Risteen and Leslie Zoll of Blum, Shapiro and Company were also in attendance. Nhan Vo-Le, Director of Fiscal and Administrative Services and Vicki L. Shotland, Executive Director represented District Staff.  Ms. Vo-Le served as Acting Committee Secretary.

Mr. Risteen provided an overview of the draft audited financial statements (the “statements”) for fiscal year 2015 and expressed an unmodified (clean) opinion on the statements.  Financial highlights were presented for each of the District’s funds including the Statistical Section that was required for the Certificate of Achievement for Excellence in Financial Reporting, which would be submitted by the District to the Government Finance Officers Association (GFOA) in December 2015.  An overview of both the Federal and State Single Audits were presented.  Mr. Reed noted that prior year’s finding on the Federal Single Audit had been resolved during fiscal year 2015.  In addition, there were no findings on both Federal and State Single Audits for fiscal year 2015.  Mr. Reed concluded the overview of the statements with Auditor’s Communication Letter indicating that there were no uncorrected mistakes or no adjustments made by auditors, and no weaknesses or deficiencies were found during the audit.  The audit was completed with no findings or disagreements with management.

There being no further business brought before the Committee.  Next, the committee and board members met briefly with Mr. Risteen and Ms. Zoll in the absence of management representation.

Mr. Flynn adjourned the meeting at 6:20 p.m.
                                                                                         

Respectfully submitted,

                                                                                                        
                                                                                          Nhan Vo-Le
                                                                                           Acting Committee Secretary