Commissioner Present: Benye Weber

Others Present: Jim Patton (Executive Director), Charles Edwards (Edwards & Associates, CPA's), Long Bechard (Harbor Master) Present via phone: Tiffany Lindsay, Chris Kapek, Jayne Bentler (Washington State Auditor's Office)

Call to Order: The meeting was called to order at 12:00 pm by Commissioner Weber in the Port Office at #24 Front Street, Coupeville, WA. Weber declared that, due to the presence of only one commissioner and the lack of a quorum, no decisions could be made and action would be limited to welcoming the auditors and learning from them the results of the Port's three-year Administrative Audit.

PURPOSE OF THE MEEETING:
The purpose of the meeting was to review the Exit Conference Document for the Administrative Audit of the Port of Coupeville for the Period of January 1, 2004 through December 31, 2006.

DISCUSSION OF RESULTS:
Kapek explained the purpose of the meeting was to go over the Exit Conference Document that is attached to these Minutes. The auditors were pleased to report no findings or management letter items. The auditors reviewed the exit item details as listed on pages 3 and 4 of the Exit Conference Document. The auditors had made several recommendations during the course of the audit and Patton filled the auditors in on the actions taken to address those recommendations.

In regard to Port Minutes, the auditors stated that the minutes of Port meetings do not need to be word for word, but just the highlights of the meeting, actions taken, and the outcome of the meetings. The auditors noted that the Board of Commissioners is fully aware of the Port's lack of substantial Operational Reserves and is planning to remedy that situation. The auditors also noted that the Port needs to adopt a Resolution providing rules for regular deposits of funds generated by the fuel and boating facility.

ADJOURNMENT: There being no further discussion, Weber thanked the auditors for their efficient and courteous work and adjourned the meeting at 12:15 pm.