Alamo Community College District
San Antonio, TX

MEETING OF THE BOARD OF TRUSTEES
AUDIT, BUDGET & FINANCE COMMITTEE MEETING

THURSDAY, JANUARY 18, 2007
5:00 P.M.

GEORGE E. KILLEN COMMUNITY EDUCATION & SERVICE CENTER
101 COMMUNITY MEETING ROOM
201 W. SHERIDAN
SAN ANTONIO, TEXAS

NOTICE IS HEREBY GIVEN THAT THE AUDIT, BUDGET & FINANCE COMMITTEE OF THE BOARD OF TRUSTEES OF THE ALAMO COMMUNITY COLLEGE DISTRICT WILL MEET ON THE 18TH DAY OF JANUARY 2007 AT 5:00 P.M.

This meeting of the Audit, Budget & Finance Committee, being held for the reasons listed below, is authorized in accordance with the Texas Government Code, Sections 551.001 - 551.146. Verification of Notice of Meeting and Agenda are on file in the Office of the Chancellor. Executive Session, if required, is authorized by the statute and will be conducted prior to the conclusion of the meeting. If, during the course of the meeting, any discussion of any item listed on the agenda should be held in Executive Session, the Committee will convene in such Executive Session meeting in accordance with Texas Government Code Sections 551.071- 551.084. The Committee members must take action in the open portion of the meeting on items discussed in the Executive Session. The Committee will consider, discuss, and take appropriate action regarding the following items:

AGENDA

CALL TO ORDER AND ROLL CALL

CERTIFICATION AND POSTING OF NOTICE

EXECUTIVE SESSION

Pursuant to § 551.071, Tex. Govt. Code, the Board will consult with its attorneys to seek their advice on contemplated litigation or matters in which the duty of the attorney(s) to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter.

Pursuant to § 551.076, Tex. Govt. Code, the Board will discuss the deployment, or specific occasions for implementation, of security personnel or devices, in the context of the proposed audit engagement.

Any action on this matter will be taken in open session.

RECONVENE OPEN MEETING

CORRECTION AND APPROVAL OF MINUTES

Audit, Budget and Finance Committee Meeting December 14, 2006 ................1

FISCAL AFFAIRS

Discussion and Possible Action on Acceptance of Annual External Audit Reports ................2

INTERNAL AUDIT

Review and Consider Revisions to the Internal Audit Charter ................3

Consideration and possible action on a Statement of Work, and the related engagement
letter, for Deloitte & Touche LLP to assist the District’s Internal Audit Department with a
Review of ACCD’s Payroll Business Processes ................4

ADJOURNMENT

POSTED AT THE ACCD GEORGE E. KILLEN COMMUNITY EDUCATION & SERVICE CENTER (201 W. SHERIDAN) __3:00______ P.M. ON THIS ___12TH _ DAY OF _______JANUARY______________ 2007.

This meeting site is wheelchair accessible. The accessible entrance is located at the front entrance to Building E (entrance faces S. Flores Street). Accessible parking spaces are located in front of Building E, located in the parking lot that faces on S. Flores. Auxiliary aids and services are available upon request (interpreters for the deaf must be requested twenty-four hours prior to the meeting) by calling 210-208-8020.

______________________________
Denver McClendon, Chairman
Audit, Budget and Finance Committee

____________________________
Dr. Bruce H. Leslie
ACCD Chancellor
_____________________________
Roberto Zárate, Chairman
ACCD Board of Trustees