CBB Budget and Audit Committee

Upcoming Meeting Information

Conference Call





APRIL 29, 2019 at 10:00 am MT

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1.   Call Meeting to Order

2.   Approve Agenda

3.   Review CBB's Projected Revenues for FY2019 & Determine CBB's Projected Revenues for FY2020

4.   Develop CBB's Budget for FY2020

A.   Determine Total Funds Available for FY2020

B.   Determine Budgets for CBB-Only Budget Components

i.    Evaluation

ii.   Program Development

iii.  USDA Oversight

iv.  Administration

C.    Calculate CBB's Program Budget for FY2020

5.   Other Business

6.   Adjourn

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View Past CBB Budget and Audit Committee Meetings

Committee Information

The CBB Budget and Audit Committee establishes the annual revenue projections and related Beef Board budget and works with the independent auditors engaged by the Board to ensure that its books and records, internal accounting controls and management practices assure the proper level of accountability. The committee’s chairman and members are Beef Board members appointed by the Board’s elected officers. Among its specific duties, this committee: considers and recommends an independent audit firm for the succeeding year for approval by the Beef Board; considers and recommends any changes to the frequency of audits/reviews conducted by an independent audit firm for the succeeding year for approval by the Beef Board; meets with the auditors to discuss the audit procedures performed and the results thereof; discusses any suggestions from the audit firm relating to improvements in the Board’s internal accounting controls and procedures; presents results of the annual audit to the full Beef Board; and considers the staff’s recommendations and resolutions of issues identified by the auditors.

Committee Members