M E M O R A N D U M


							May 25, 2011


To:		Members of the Board of Trustees Audit Committee

From:		Stephen J. Hunt, Chairman

Subject:	Professional Services


Action Requested

	The proposed resolution authorizes professional services.

Resolution

      Resolution of the SUNY Audit Committee adopted on 5/25/11 (subject to approval of the Audit Committee at its next meeting.)

Resolved that the Audit Committee supports a review of matters related to any linkages between SUNY, the Research Foundation and the Ditchley Foundation; and

That the Audit Committee delegates to management the selection of appropriate means and resources to accomplish that review; and 

That, if management selects KPMG or PwC as an external resource for purposes of that review, and if PwC or KPMG itself determines that performing such additional services would not compromise the independence of its financial audit services for SUNY, that the Audit Committee also makes that determination and approves such additional services from KPMG or PwC.