Item 1

Approval of Minutes: April 12, 2016

Item 2

Approval of Signal System Maintenance Audit (Michael Cheney/Al Bazis) [5 minutes]

Item 3

Approval of APM & Associates, Inc. 2013 Incurred Cost Audit (Michael Cheney/Al Bazis) [10 minutes]

Items 4 - 7

4. *Briefing on Status of Fiscal Year 2016 Internal Audit Budget (Michael Cheney/Al Bazis) [5 minutes] 5. *Briefing on Status of Fiscal Year 2016 Internal Audit Plans (Michael Cheney/Al Bazis) [5 minutes] 6. *Briefing on Contract Audit Recoveries (Michael Cheney/Al Bazis) [5 minutes] 7. *Briefing on Follow Up Report on Prior Audit Report Action Items (Michael Cheney/Al Bazis) [10 minutes]

Items 8 & 9

8. Identification of Future Agenda Items 9. Adjournment