Agenda Item No. _________

Washburn University Board of Regents

 

SUBJECT:             2000-2001 Audit Report – Berberich Trahan & Co., P.A.

 

BACKGROUND:

 

During November 2000, an RFP was issued soliciting proposals for audits and related professional services for the fiscal year ending June 30, 2001 with the option of renewing for each of the subsequent three (3) fiscal years, which if exercised provides for audits and related professional services through June 30, 2004.  At the January 10, 2001 meeting, the Board approved the recommendation to award an audit services contract to Berberich Trahan & Co., P.A. to be effective for the fiscal year ending June 30, 2001.

 

DESCRIPTION:

 

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.”

 

In accordance with the January action of the Board and in compliance with the Bylaws of the Board, Berberich Trahan & Co., P.A. has completed the annual audit and issued an unqualified opinion.  The complete auditor’s report can be found on page 1 of the audit report. Attached are copies of:

 

1.      Financial Statements with Supplementary Information for the year ended June 30, 2001;

2.      Auditor’s Management Letter.

 

Rather than issuing two separate audit reports as has been done in the past, the Financial Statements with Federal Reporting (A-133 audit report) was combined with the Financial Statements with Supplementary Information report, and one comprehensive audit report  has been issued for the year ended June 30, 2001.

 

FINANCIAL IMPLICATIONS:

 

None

 

RECOMMENDATION:

 

The Board of Regents Budget and Finance Sub-Committee received the report of Berberich Trahan & Co., P.A. and recommends the Board accept the audit.

 

______________________________                        _______________________________

Date                                                                             Jerry B. Farley, President


[ WU Home ] [ Directory ] [ A-Z Index ] [ Sitemap ] [ Contact WU ] [ Statements & Disclosures ] [ Accessibility ] [ Search ]
© 2014 Washburn University, 1700 SW College Ave, Topeka, Kansas 66621 (785) 670-1010
Contact webmaster@washburn.edu with questions or comments.