 | Board of Visitors minutes February 3, 2006 |  |
AUDIT AND COMPLIANCE COMMITTEE AND REPORT BY THE
AUDITOR
OF PUBLIC ACCOUNTS OF THE COMMONWEALTH
Ms. Fauber, the Chair, reported on the meeting of the Committee held on January 20th.
The Winter Board meeting is the meeting at which the Auditor of Public Accounts of the Commonwealth customarily meets with the Board to discuss his annual audit of the University. Mr. Kucharski, the Auditor, was detained in Richmond with General Assembly business, so he sent the Deputy Auditor, Mr. William Cole, in his stead. As copies of the Auditor's report had been distributed previously to the Board, Mr. Cole referred Members to the Auditor's comments and led a discussion.
As is customary, the Board, on motion, went into Executive Session at 9:05 a.m., to meet privately with the Auditor.
That the Audit and Compliance Committee of the Board of Visitors of the University of Virginia convene in Executive Session to review and discuss audit of specific University and Medical Center departments including consulting with General Counsel on compliance with federal CMS regulations. Our oversight review will involve evaluating the performance of specific University managers and personnel and, in the case of the Medical Center, evaluation of its proprietary business- related information relating to adequacy of billing documentation and fiscal management practices where disclosure at this time would adversely affect the competitive position of the Medical Center. This is provided for in Section 2.2-3711 (A) (1), (7) and (23) of the Code of Virginia.
- - - - - - - - - - - - - - -After certifying the following resolution that its discussions in Executive Session had been conducted in accord with the exemptions permitted by the Virginia Freedom of Information Act, the Committee resumed in Open Session at 9:25 a.m.:
That we vote on and record our certification that, to the best of each Board member's knowledge, only public business matters lawfully exempted from open meeting requirements and which were identified in the motion(s) authorizing the closed session, were heard, discussed or considered in closed session.
| Board of Visitors minutes February 3, 2006 | |