Audit Committee Agenda Book – September 21, 2023

September 21, 2023
11:00 a.m.

Deerfield Office
3^rd Floor – Room 3030
1755 Lake Cook Road
Deerfield, Illinois

Springfield Office
3^rd Floor Conference
500 W. Monroe
Springfield, Illinois

1. Announcements
2. Approval of the Minutes of June 22, 2023 Audit Committee Meeting (Action)
   Action Taken: Approved
3. Approval for Destruction of Open Meeting Verbatim Records (Action)
   1. Approval For Destruction of the Open Meeting Verbatim Records for September 16, 2021 Meetings (Action)
      Action Taken: Approved
4. Status Update of Fiscal Year 2023 Internal Audit Plan (Information)
5. Status Update of Fiscal Year 2024 Internal Audit Plan (Information)
6. Annual Declaration of Chief Audit Executive Independence (Information)
7. Discussion of Metrics for Evaluation of Internal Audit Function
   1. Approach – Annual performance of Internal Audit function (Information)
      1. Quantitative: IA Performance Metrics – FY23
      2. Qualitative: Job Description
   2. Approach – Annual Self-Evaluation of Audit Committee Performance (Information)
8. Public Comment
9. Closed Session: Closed Minutes and Internal Control Weaknesses
10. Approval of the Closed Session Items
    1. Approval of the Closed Minutes of the June 22, 2023 Meeting & Approval to Open (Action)
       Action Taken: Approved
    2. Approval of Determination Regarding Confidentiality & Verbatim Record Destruction (Action)
       Action Taken: Approved