Minutes of the Meeting of the 
Audit Committee of the Board of Trustees of the State University of New York
March 21, 2011
Draft
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The Audit Committee of the Board of Trustees of the State University of New York met at Binghamton University on March 21, 2011 at 12:37 p.m.

Committee members present: 	Chairman Hunt, Trustee Belluck, and Trustee Lewin 

Staff present:	Ms. Rimai, Ms. Preston, Mr. Abbott, Mr. Hall, Mr. Howard, Mr. McGrath, and Mr. Thurlow


The meeting was called to order at 12:37 p.m. by Chairman Hunt.  The minutes of the previous meeting of the Committee were unanimously approved. 

Chairman Hunt then called for an Executive Session under provisions of Section 105 of Article 7 of the Public Officers Law.  It was unanimously agreed to convene an Executive Session at 12:38 p.m. for the purposes specified by Chairman Hunt.

Chairman Hunt recessed the Executive Session at 2:14 p.m.  No motions or actions were taken in Executive Session. The Audit Committee Meeting was reconvened at this time. 

A motion was made to present a resolution to the Board of Trustees to approve KPMG, LLP as the independent auditors for the University’s financial statements and to provide tax services for the three year period beginning with the 2011 fiscal year, with an extension for an additional year permitted at the request of the University. The motion passed.

There being no further business, the meeting was adjourned at 2:14 p.m.