Audit Committee

Foundation Directors
Tom Scholler, Chair
Ken Bailey
Mary Garvelink
Ron Mahoney

FSU Staff (Support/Non-Voting)
Carla Miller, Advancement
Jerry Scoby, V.P. for Admin. & Finance
Karen Thompson, Finance Office

Scope of Responsibility

  1. Review management practices and procedures
  2. Recommend enhancements to Foundation's operating procedures
  3. Recommend independent audit firm
  4. Present annual independent audit for full board review
  5. Development, recommendation, and oversight of annual budget

Current Agenda

  1. Creation of consolidated charitable gift quarterly reports
  2. Review and revision of Conflict of Interest document
  3. Establishment of a more meaningful set of fundraising performance standards in cooperation with the development committee