Alamo Community College District
San Antonio, TX

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

TUESDAY, MARCH 13, 2007
6:30 P.M., OR UPON ADJOURNMENT OF THE
POLICY AND LONG RANGE PLANNING COMMITTEE

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 COLLEGES WILL MEET ON THE 13TH DAY OF MARCH 2007 AT 6:30 P.M., OR UPON ADJOURNMENT OF THE POLICY AND LONG RANGE PLANNING COMMITTEE.

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.
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 January 18, 2007 ...............1

FISCAL AFFAIRS

Discussion and Recommendation on a Resolution Authorizing the Issuance of “Alamo
Community College District Limited Tax Bonds, Series 2007” ...............2

Discussion and Recommendation for First Southwest Company to Proceed with Flexible Repurchase Agreement Investment and Approval of List of Providers for the Transaction ...............3

Discussion and Possible Action on Tuition and Fee Increase for Fiscal Year 2007-2008 ...............4

INTERNAL AUDIT
Presentation and Discussion on the Status of the External Auditor 2007 One Year Extension ...............5

Presentation and Status of the 2007 Audit Plan Projects and Reporting Process ...............6

Presentation and Discussion on Internal Audit’s General Budget Assumptions for Fiscal Year 2008 ...............7

ADJOURNMENT

POSTED AT THE ACCD GEORGE E. KILLEN COMMUNITY EDUCATION & SERVICE CENTER (201 W. SHERIDAN) __2:00______ P.M. ON THIS __9TH _ _ DAY OF _______MARCH______________ 2007.

Audit, Budget & Finance Committee Meeting Agenda March 13, 2007___ Page 3

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