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Vincent G. Logan, Chairman and Chief Executive Officer 

Jeffery S. Hall, Board Member 

Glen R. Smith, Board Member

MINUTES OF THE REGULAR MEETING

OF THE

FARM CREDIT ADMINISTRATION BOARD

February 9, 2023

These minutes reflect the business transacted at the February 9, 2023, Regular Meeting of the 

Farm Credit Administration Board (FCA Board) pursuant to the Government in the Sunshine Act, 

5 U.S.C. § 552b, and the regulations of the Farm Credit Administration (FCA) adopted 

thereunder.

The meeting began at 9:00 a.m. and concluded at 9:26 a.m.

Members of the Board present were:

Vincent G. Logan, Chairman and Chief Executive Officer

Jeffery S. Hall, Member

Glen R. Smith, Member

The above named constitute the full Board.

Others present included Ashley Waldron, Secretary to the Board; Clark Ogilvie, General 

Counsel; staff of the FCA; and 12 members of the general public. (A list of Board and staff

attendees is attached as Exhibit A.)

Chairman Logan announced that this meeting of the Board is a hybrid physical/virtual meeting.

Chairman Logan asked everyone to say the Pledge of Allegiance with him as the Flag was 

displayed on the presentation screen.

Chairman Logan asked the Secretary to the Board to conduct a roll call and to address technical 

and protocol items.

The Secretary conducted a roll call and addressed technical and protocol items.

The Secretary read a statement that announced the meeting would be conducted according to 

the requirements of the Government in the Sunshine Act.

Chairman Logan reviewed the published agenda. (A copy of the Public Announcement 

publishing the agenda for the meeting is attached as Exhibit B.)

Mr. Hall moved to adopt the agenda as published.
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Mr. Smith seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

Mr. Smith noted that the agenda did not include any portions of the meeting that should be 

closed to the public as permitted by the Government in the Sunshine Act and therefore moved 

that the entire meeting remain open.

Mr. Hall seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

OPEN SESSION

Approval of Minutes

Minutes for January 12, 2023

(BM-9-FEB-23-01)

Mr. Hall moved to approve the minutes for the January 12, 2023, FCA Regular Board meeting.

Mr. Smith seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously. (BM-9-FEB-23-

01)

(A copy of the official “Board Action Item” is attached as Exhibit C.)

Reports

Office of Inspector General Year in Review

Wendy Laguarda, Sonya Cerne, and Kevin Miller of the Office of Inspector General

presented the Office of Inspector General Year in Review.

Chairman Logan asked if there were any questions or comments from the Board.

There were no further questions or comments.

(A copy of the PowerPoint presentation is attached as Exhibit D.)

ADJOURNMENT

There being no further business to come before the Board, Chairman Logan indicated he would 

entertain a motion to adjourn the meeting.

Mr. Smith moved that the meeting be adjourned.

Mr. Hall seconded the motion.
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Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

The meeting adjourned at 9:26 a.m.

NOTATIONAL VOTE ACTIONS

There were two notational vote actions approved by the FCA Board from January 12, 2023,

through February 8, 2023.

Item 

Number

Action 

Date

Voting 

Results

Subject

NV 23-02 1/25/2023 Approved Appointment of Joseph Connor as Acting Director of the Office of 

Secondary Market Oversight

NV 23-03 1/31/2023 Approved Reorganization of the Office of Equal Employment Opportunity and 

Inclusion

The undersigned hereby certify that the foregoing minutes are the official minutes of the Regular 

Meeting of the Farm Credit Administration Board held on February 9, 2023.

___________/s/____________

Vincent G. Logan

Chairman and Chief Executive Officer

___________/s/____________

Ashley Waldron

Secretary to the Board

Approved: March 9, 2023
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Exhibit A

BOARD AND STAFF PRESENT AT THE 

FCA REGULAR BOARD MEETING

February 9, 2023

Vincent G. Logan, Chairman and Chief Executive Officer

Jeffery S. Hall, Board Member

Glen R. Smith, Board Member

ATTENDEES OPEN 

SESSION

Office of the Board

Logan, Vincent X

Hall, Jeffery X

Smith, Glen X

Hoffman, Bill X

Donner, Mary Alice X

Morris, James X

Greer, Kristin X

Lewandrowski, Barbara X

Waldron, Ashley X

COO

Coleman, Robert X

OEEOI

Burlew, Thais X

Major, Sara Lynn X

OIT

Golley, Jerry X

Versace, Jerry X

Matos, Ricardo X

Amaya, Victor X

OCPA

Stokke, Mike X

Middleton, Russell X

OGC

Ogilvie, Clark X

OE

Duffy, Mike X

Fennewald, Dan X

Greenlee, Angela X

ODAE

D’Antoni, Jeremy X

Iannetta, Sal X

OIG

Laguarda, Wendy X

Cerne, Sonya X

Miller, Kevin X

Coccaro, Chris X
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OSMO

Connor, Joe X

Hudson, Bruce X

ORP

Kramp, Kevin X

Agans, Autumn X

OCFO

Walters, Sandi X

Gandy, Doug X

OAS

Bell, Vonda X

Clark, Patrina X

FCSIC

Grimaldi, Andrew X

Simonson, John X

GENERAL PUBLIC 12
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Exhibit B 

Farm Credit Administration 1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

PUBLIC ANNOUNCEMENT OF 

MEETING SUBJECT TO THE GOVERNMENT IN THE SUNSHINE ACT

Farm Credit Administration Board 

Regular Meeting 

February 9, 2023 

TIME AND DATE: 9:00 a.m., Thursday, February 9, 2023. 

PLACE: You may observe this meeting in person at 1501 Farm Credit Drive, McLean, 

Virginia 22102-5090, or virtually. If you would like to observe, at least 24 hours in advance, 

visit FCA.gov, select “Newsroom,” then select “Events.” From there, access the linked 

“Instructions for board meeting visitors” and complete the described registration process.

STATUS: This meeting will be open to the public.

MATTERS TO BE CONSIDERED: The following matters will be considered:

• Approval of January 12, 2023, Minutes

• Office of Inspector General Year in Review

CONTACT PERSON FOR MORE INFORMATION: If you need more information or assistance 

for accessibility reasons, or have questions, contact Ashley Waldron, Secretary to the Board. 

Telephone: 703-883-4009. TTY: 703-883-4056.

___________/s/___________

Ashley Waldron

Secretary to the Board

January 25, 2023
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Exhibit C 

Farm Credit Administration 

BOARD ACTION ITEM

1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

FCA BOARD ACTION ON

Minutes for January 12, 2023 

BM-9-FEB-23-01

Effective Date: February 9, 2023 

Impact on Prior Board Actions: None

THE FCA BOARD HEREBY:

• Approves the minutes for January 12, 2023. 

DATED THIS 9th DAY OF FEBRUARY 2023 

BY ORDER OF THE BOARD

___________/s/___________

Ashley Waldron

Secretary to the Board
OFFICE OF INSPECTOR GENERAL 

2022 YEAR-IN-REVIEW

KEVIN MILLER

COUNSEL TO THE 

INSPECTOR GENERAL

SONYA CERNE

ASSISTANT INSPECTOR GENERAL FOR 

AUDITS, INSPECTIONS & EVALUATIONS

WENDY LAGUARDA

INSPECTOR GENERAL

Exhibit D
OFFICE OF INSPECTOR GENERAL

CHALLENGES AND MOVING FORWARD

Challenge

 Remaining independent in the face of varied and often conflicting interests. 

Moving Forward

 We will be more transparent in how we exercise our investigative discretion.

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OFFICE OF INSPECTOR GENERAL

CHALLENGES AND MOVING FORWARD

Challenge

 Balancing the need to maintain strong working relationships with the 

Agency and Congress while maintaining our independent role. 

Moving Forward

 We will continue to explain the many safeguards in the Inspector General 

Act, as amended, that help to ensure our office’s ability to remain 

independent while also interacting with the Agency as a user of its services 

and maintaining our new liaison relationships.

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OFFICE OF INSPECTOR GENERAL

CHALLENGES AND MOVING FORWARD

Challenge

 Ensuring that our external communications, such as reports and briefings, 

are written in a clear, concise manner so that an independent reader can 

easily understand our products. 

Moving Forward

 We will remain mindful of our messaging so that the public and non-FCA 

stakeholders are not overwhelmed with technical jargon or Agency specific 

information without context.

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DETERMINING OVERSIGHT WORK

 In planning for audits, inspections, and evaluations (AIE), the OIG employs a 

risk-based approach that accounts for:

 prior oversight work,

 the control environment, 

 input from the FCA Board and senior management, 

 resource allocations,

 changes in programs, and 

 statutory requirements.

 Annually develop an AIE Plan to cover a 2-year period

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AUDITS, INSPECTIONS, AND EVALUATIONS

Completed AIE work in CY 2022:

 FCA’s Compliance with the Payment Integrity Information Act of 2019 for 

Fiscal Year 2021 (March 2022)

 FCA’s Enterprise Risk Management and Internal Control Program (June 

2022)

 FCA’s External Communication Process (August 2022) 

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AUDITS, INSPECTIONS, AND EVALUATIONS

 FCA’s Compliance with the Federal Information Security Modernization Act 

for Fiscal Year 2022 (June 2022)

 FCA’s Financial Statements, Fiscal Year 2022 (November 2022)

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OTHER REPORTS AND REVIEWS

 Top Management Challenges 

 Surveys of Farm Credit System Institutions Regarding the Agency’s 

Examination Function 

 2022 Internal Quality Assurance Review of our audit, inspection, and 

evaluation functions

 Internal control reviews

 Semiannual Reports to Congress

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PEER REVIEWS

 The Federal Trade Commission OIG peer 

reviewed our audit function

 The Securities and Exchange Commission OIG 

peer reviewed our inspection and evaluation 

function

 We peer reviewed the Corporation for Public 

Broadcasting OIG’s inspection and evaluation 

function 

 A peer review of the Capitol Police OIG’s audit 

function is underway

 Our investigative function will be peer reviewed 

in June

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LOOKING 

FORWARD

Some examples from our Audit, Inspection, 

and Evaluation Plan for Fiscal Years 2023-2024:

 Office of Data Analytics and Economics

 Agency-wide Training Initiatives

 Merger Review Process
INVESTIGATIVE ACTIVITIES

 37 complaints received

 One complaint remains under review

 No reports of investigation issued 

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OUTREACH EFFORTS

 The dIG

 OIG posters

 New employee orientations

 Presentation on 

Whistleblower Protections

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INTERAGENCY 

COLLABORATION
AGENCY COOPERATION

 FCA cooperation with the OIG is essential for our work to be effective

 FCA staff professionalism and courtesy

 Message from the Board on cooperation with the OIG

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WHERE TO FIND OIG WORK

Want to know more about our office?

 FCA.gov website

 Read our quarterly newsletter, The dIG

 Visit us in person (new offices in Suite 2100) or virtually

Want to know more about other offices of Inspector General?

 Oversight.gov

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