Business Services Information Item

DATE:	Wednesday, August 1, 2018
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Audit Report of the District’s Self-Insurance Program (Auditing Services Department)
EXECUTIVE SUMMARY
As part of the district’s annual auditing schedule, we have completed the audit for the General Liability, Automotive Liability, and Worker’s Compensation Self-Insurance Program for the period July 1, 2016, through June 30, 2017.  This program is administered by Broadspire Services Inc., under the direction of the Division of Operations.  Our audit included a review of the claims transactions for the Self-Insurance programs. This audit is performed on an annual basis pursuant to the recommendation of the Office of the Auditor General, State of Florida.  Every third year the audit is conducted by an independent outside party.  This is presented to the Board as an information item and as part of the Auditing Services Department’s quarterly reporting. Broadspire’s performance in administering claims for this audit period was satisfactory.  Of the files and data reviewed, we found no significant discrepancies with claims handling, documentation, and payments administered by Broadspire.
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 11.02
Hillsborough County Public Schools (Florida) * Mtg.#20180801_893 (Board Meeting followed by Public Hearing) * Section C Item# 11.02