Call to Order

C. Karnei

3:00 PM

1.

Approval of May 17, 2005 Minutes

C. Karnei

(5 min)

2.

Budget Status & Schedule (Targets)

D. Kasper

(15 min)

3.

Financial

• Analysis on Floating vs. Fixed Rate

C. Yager

(15min)

4.

Credit Update (Franklin Follow up)

C. Yager/S. Byone

(10 min)

5.

Audit Updates

• Status of 2003 Financials restatement
• Status of 2004 Audited Financials
• ICMP/Internal Audit Coordination

M. Petterson/R. Bowman
M. Petterson/R. Bowman
E. Ettorre

(10 min)(10 min)(10 min)

6.

Project Update

D. Troxtell

(10 min)

7.

Future Agenda Items

• Enterprise Risk Management (ERM)
• Met Center Building litigation

S. Byone
A. Gallo

(5 min)

Next Finance & Audit Committee Meeting -- July 19, 2005

Adjourn

C. Karnei

4:30 PM