| 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, April 17, 2015 @ 9:00 AM"
PLACE OF MEETING Dukes County Administration Building Conference Room
"9 Airport Road, Edgartown, MA"
"Melanie Becker, Trust Clerk/Secr."
AGENDA
"Minutes of January 16, 2015 meeting "
Second reading of two proposed changes to Trust Document (see below)
Audit sub-committee: Review status of audit and excpected completion date
Review of trustee memberships and Trust officers in preparation for next meeting
Prep/timing for next actuarial study
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 every other year to perform any required audit. Audits will be performed on even fiscal years and internal reviews will be performed on the intervening odd fiscal years. 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;" |