Agenda Item No.________________
Washburn University Board of Regents
SUBJECT: 1999-2000 Audit Reports Berberich, Trahan & Co., P.A.
Article III, paragraph 1.d of the Bylaws of the Board of Regents states: "The Board shall arrange and supervise the annual audit of the books and securities of the University by a firm of certified public accountants. A copy of the annual audit report shall be made available to each member of the Board, the President, the Treasurer, and filed by the Secretary with the official minutes of the Board."
At the January 12, 2000 meeting, the Board appointed the public accounting firm, Berberich, Trahan & Co., P.A. to conduct the 1999-2000 audits under the same agreement as used in past years. In accordance with this action of the Board and in compliance with the Bylaws of the Board, Berberich, Trahan & Co., P.A. has completed the annual audits and issued an unqualified opinion. The complete auditor's report can be found on page 1 of the audit reports. Attached are copies of:
1. Financial Statements with Supplementary Information for the year ended June 30, 2000;
2.Financial Statements with Federal Reporting for the year ended June 30, 2000; and
3.Auditor's Management Letter.
A Request for Proposal has been issued to solicit proposals for fiscal year 2000-2001 and for the following three (3) years. A recommendation will be made to the Board in January to award a contract.
FINANCIAL IMPLICATIONS: N/A
The Board of Regents Budget and Finance Sub-Committee received the report of Berberich, Trahan, & Co., P.A. and recommends the Board accept the audits.
(date) Jerry B. Farley, President