Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2019-209    Version: 1 Name:
Type: Action Item/Other Items Status: Passed
File created: 6/20/2019 In control: Board of Directors
On agenda: 7/19/2019 Final action: 7/19/2019
Title: Resolution - Approval to Review and Reaffirm/Amend Audit Committee Charter
Attachments: 1. 2019-07-19 Audit Charter Revised - Redline, 2. 2019-07-19 Audit Charter Revised - Clean Redline, 3. 2017-06-17 Audit Charter Final and Approved - Current, 4. 2019-07-19 Audit Charter Revised - FINAL AND BOD APPROVED

Title

Resolution - Approval to Review and Reaffirm/Amend Audit Committee Charter

 

Other Info

Submitted By: Don Ballard

Department: General Counsel

Financial Impact and Cost/Benefit Considerations: Expenditure of Cooperative funds estimated in the amount of $0; expenditures of staff time estimated in amount of 0 hours (other than ordinary processing requirements).

 

Discussion

The Board's Committee Guidelines require that the Board annually review the charters of all Standing Committees and either reaffirm the charters or amend them. All Board members will be members of each Standing Committee. On July 15, 2013, the Board voted to dissolve all standing committees except the Audit Committee. The Audit Committee charter was last reviewed and approved by the Board on June 17, 2017. 

 

Body

BE IT RESOLVED BY THE BOARD OF DIRECTORS that the Board has reviewed the charter of the Audit Committee and adopts amendments to the charter of the Audit Committee as presented to and discussed by the Board this day, with such changes, if any, as were discussed and approved by the Board; and 

 

BE IT FURTHER RESOLVED that the Chief Financial Officer, is hereby authorized and directed to take all such action as may be necessary to effectuate this resolution.