| Agenda: | DUKES COUNTY POOLED OPEB TRUST
NOTICE OF MEETING
As required by Chapter 39 G.L.
NAME OF DEPT. OR BOARD DUKES COUNTY POOLED OPEB TRUST and
Audit Sub-Committee (Joint meeting)
DATE & TIME OF MEETING: "Friday, January 16, 2015 @ 9:00 AM"
PLACE OF MEETING Dukes County Administration Building Conference Room
"9 Airport Road, Edgartown, MA"
"Melanie Becker, Trust Clerk/Secr."
Date and time received by Town Clerk Clerk/Board member posting notice
MEETING CANCELLED: DATE & TIME CANCELLED:
CLERK/BOARD MEMBER CANCELLING THE MEETING:
AGENDA
OPEB Trust
" Minutes of November 14, 2014 meeting "
Treasurer's update on any balances owed by member units
First reading of two proposed changes to Trust Document (see below)
Audit sub-committee
Review audit checklist and assign responsibility for each item
Set next meeting date
Adjournment
"1) Proposed changes relative to audit services, changing from annual to bi-annual"
"p. 12, Section VI, 6.1"
"(e) Prepare annual financial reports, including audited financial statements for even fiscal years and financial statements prepared by an internal review for odd fiscal years, following the close of each fiscal year relative to the activities of the Trust. Such statements and reports shall contain such information as shall be prescribed by the Board and be prepared in accordance with the standards established by the Governmental Accounting Standards Board;"
"p. 20, Section VIII, 10.2"
"10.2 The Board shall engage a licensed certified public accountant bi-annually to perform any required audit. Audits will be performed on even fiscal years and internal reviews will be performed on the intervening odd fiscal year. Any such audit contract between the Board and a licensed certified public accountant shall be in a form and substance that is in accordance with generally accepted accounting principles. All expenses, payments, and other costs of audits prepared by a licensed certified public accountant shall be the responsibility of the Board and may be paid from the assets of the Trust."
2) Proposed addition of fiduciary insurance to duties of Trust/Trustees
"p. 12, Section VI, 6.1"
"(b) Contract for the provision of all or any part of the services necessary for the management and operation of the Trust, including, but not limited to, investment management services and fiduciary insurance;" |