AGENDA
AUDIT COMMITTEE MEETING
July 11, 2024
2:00 p.m.
Meeting location: Central Florida Expressway Authority
4974 ORL Tower Road
Orlando, FL 32807
Pelican Conference Room
A. CALL TO ORDER
B. PUBLIC COMMENT
Pursuant to Section 286.0114, Florida Statutes and CFX Rule 1-1.011, the Audit Committee provides for an opportunity for public comment at the beginning of each regular meeting. The Public may address the Committee on any matter of public interest under the Committee’s authority and jurisdiction, regardless of whether the matter is on the Committee’s agenda but excluding pending procurement issues. Public Comment speakers that are present and have submitted their completed Public Comment form to the Recording Secretary at least 5 minutes prior to the scheduled start of the meeting will be called to speak. Each speaker shall be limited to 3 minutes. Any member of the public may also submit written comments which, if received during regular business hours at least 48 hours in advance of the meeting, will be included as part of the record and distributed to the Committee members in advance of the meeting.
C. APPROVAL OF APRIL 25, 2024 AUDIT COMMITTEE MEETING MINUTES (action item)
D. AGENDA ITEMS
1. STATUS UPDATE: FISCAL 2024 INTERNAL AUDIT PLAN – Jeff Tecau, Managing Director, Protiviti (info item)
2. REVIEW AND ACCEPTANCE OF MICROSOFT CLOUD SECURITY ASSESSMENT– David Taylor, Managing Director, Protiviti (action item)
3. REVIEW AND ACCEPTANCE OF FISCAL 2025 INTERNAL AUDIT PLAN AND RISK ASSESSMENT – Jeff Tecau, Managing Director, Protiviti (action item)
4. ANNUAL MANAGEMENT REVIEW OF INTERNAL CONTROL MATTERS – (info items)
a. Effectiveness of the Internal Control System, Including IT Security and Control – Lisa Lumbard, Chief Financial Officer
b. Process for Assessing, Monitoring and Controlling Significant Risks – Lisa Lumbard, Chief Financial Officer
c. System for Monitoring Compliance with Laws and Regulations and Results of Investigation of Any Instances of Non-Compliance – Angela J. Wallace, General Counsel
d. Adequacy, Administration and Compliance with CFX’s Code of Ethics – Angela J. Wallace, General Counsel
e. Procedures for “Hotline” Reporting – Angela J. Wallace, General Counsel
5. ANNUAL AUDIT COMMITTEE REVIEWS – (info items)
a. Annual discussion regarding Internal Auditor performance and effectiveness – Lorie Bailey Brown, Audit Committee Chair
b. Confirmation of completion of responsibilities in the Audit Committee Charter – Jeff Tecau, Managing Director, Protiviti
E. OTHER BUSINESS
F. ADJOURNMENT
This meeting is open to the public.
Section 286.0105, Florida Statutes states that if a person decides to appeal any decision made by a board, agency, or commission with respect to any matter considered at a meeting or hearing, they will need a record of the proceedings, and that, for such purpose, they may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.
Persons who require translation services, which are provided at no cost, should contact CFX at (407) 690-5000 x5316 or by email at Malaya.Bryan@cfxway.com at least three (3) business days prior to the event.
In accordance with the Americans with Disabilities Act (ADA), if any person with a disability as defined by the ADA needs special accommodations to participate in this proceeding, then they should contact the Central Florida Expressway Authority at (407) 690-5000 no later than two (2) business days prior to the proceeding.