Board of Directors Meeting Agenda


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Meeting Date: 12/06/2017  

SUBJECT MATTER:
Receive, consider and act upon appointments to the Audit Committee; 
FISCAL IMPACT:
Not applicable
BACKGROUND:
Board Committee appointments are made annually in December.  The Woodlands Township Board of Directors primarily functions as a "committee of the whole" with limited use of Board Committees.  The committees that are determined necessary by the Board consist of no more than three Directors and meet only as needed.

There are only two standing committees of the Board of Directors:  the Investment Committee and the Audit Committee.  In accordance with the Board's investment policy, the Investment Committee is composed of the Board Secretary, the Board Treasurer and the President of the Township.  Appointments to the Audit Committee are made by the Board Chairman.

The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its oversight responsibility of fiduciary matters by reviewing the Township's financial information, systems and controls; facilitating the overall audit process; and providing open avenues of communication between the independent auditors and the Board of Directors.

The Chairman's Audit Committee appointments will be distributed prior to the December 6, 2017 Board meeting.
RECOMMENDATION:
Affirm the Chairman's appointments to the Audit Committee for 2018.

    

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