Business Services Information Item

DATE:	Wednesday, August 1, 2018
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Audit Summary Report of the Auditor General’s Full Time Equivalency (FTE) Audit (Auditing Services Department)
EXECUTIVE SUMMARY
The Auditor General for the State of Florida is currently auditing our district’s 2016/2017 school year for compliance.  The Auditor General performs an audit of our FTE funding every other year.   Attachment 1 shows up-to-date findings by the Auditor General by school.  Adjustments in parenthesis actually represent an increase in funding to our district.  We anticipate these good results to continue as the Auditor General proceeds. Attachment 2 is a six-year comparison of Auditor General findings.  The trend over the past six years demonstrates a net decrease in findings each year.  For example, there was an adjustment to our funding in 2002/2003 of $2,825,264.  In comparison, for the 2014/2015 school year, adjustments to our findings decreased to $225,516.  We expect that trend to continue with the results of the current audit for the 2016/2017 school year. This is presented to the Board as an information item and part of the Auditing Services Department’s quarterly reporting.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
This agenda item is budgeted for in the Auditing Services departmental budget.
EVALUATION
SUBMITTED BY:  Manuel Ippolito, Manager, Auditing Services Department

		Gretchen Saunders
		Chief Business Officer (813) 272-4270
		C 11.03
Hillsborough County Public Schools (Florida) * Mtg.#20180801_893 (Board Meeting followed by Public Hearing) * Section C Item# 11.03