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TO: |
Board of Trustees |
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FROM: |
Carlton Christensen, Chair of the Board of Trustees |
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PRESENTER(S): |
Carlton Christensen, Chair of the Board of Trustees |
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TITLE:
title
R2021-12-01 - Resolution Appointing Mike Hurst as Internal Auditor and Officer of the Board
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AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve Resolution R2021-12-01 appointing Mike Hurst as Internal Auditor and Officer of the Board
BACKGROUND:
The Public Transit District Act, and UTA’s Bylaws require the Board of Trustees to approve individuals as Officers of the Agency and Board of Trustees. The designated officer positions include Secretary, Executive Director, Treasurer, Comptroller, and Internal Auditor. The appointed Auditor is required by statute to be a licensed Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) with at least five years’ experience in the auditing or public accounting profession, or equivalent, prior to appointment.
DISCUSSION:
The Board of Trustees has undergone a national search for a Director of Internal Audit and has identified Mike Hurst as their top candidate. The Board wishes to appoint Mike Hurst as Internal Auditor and Officer of the Board. Mr. Hurst is a Certified Internal Auditor (CIA) and a Certified Fraud Examiner (CFE) with nine years of experience in the auditing profession. Mr. Hurst has been serving as UTA’s Interim Director of Internal Audit since July 2021.
ALTERNATIVES:
State statute and UTA Bylaws require the Board to appoint an Internal Auditor as an Officer of the Board.
FISCAL IMPACT:
Compensation for district officers and administrative employees was authorized in Resolution R2021-01-02.
ATTACHMENTS:
R2021-12-01 Resolution Appointing Mike Hurst as Internal Auditor and Officer of the Board