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Information Item
DATE: Tuesday, August 01, 2017
TO: School Board Members
FROM: Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
School Internal Accounts Activity Funds Audit Report for Fiscal Year 2015/2016 (Business Services Division)
EXECUTIVE SUMMARY
In accordance with the District Audit Plan and State Board of Education Rule 6A-1.087(2), the Auditing Services Department has audited the School Activity Funds for Fiscal Year 2015/2016.

Audits for the 244 school sites with internal accounts were conducted during the 2016/2017 school year.  In the opinion of the Auditing Services Department, financial and operational management of the School Activity Funds is satisfactory and generally in compliance with statutes, regulations, and School Board policies, with specific exceptions noted.

Summary of results:
  • Exemplary audits           99 schools sites or 41 percent
  • Satisfactory audits        129 school sites or 53 percent 
  • Needs Improvement       14 school sites or 6 percent
  • Unsatisfactory audits        2 school sites or less than 1 percent
Please note:  32 school sites have received an exemplary rating for more than five consecutive years.  School sites with unsatisfactory ratings submitted a corrective action plan to their Area Superintendent.  The majority of unsatisfactory ratings were related to new or inexperienced personnel.  To assist them, increased training, peer mentoring, Area Superintendent involvement, and a review of personnel assignments were implemented.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
These audits are conducted as part of the District's Board-approved Annual Audit plan and are budgeted as part of the Auditing Services Department's General Fund budget.
EVALUATION
7/30/2018
SUBMITTED BY:  Manuel Ippolito, Manager, Auditing Services Department
Gretchen Saunders   Dr. Alberto Vázquez
Chief Business Officer
(813) 272-4270
  Chief of Staff
(813) 272-4986
    C 13.01
Hillsborough County Public Schools (Florida) * Mtg.#20170801_817 (Board Meeting followed by Public Hearing) * Section C Item# 13.01