Hillsborough County Public Schools Business
Action Item

DATE: Tuesday, May 2, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Accept and File the Auditor General of the State of Florida's Report No. 2006-157 Financial and Federal Single Audit for Fiscal Year Ended June 30, 2005 (District Auditing Office)

EXECUTIVE SUMMARY

Pursuant to Florida Statutes and Federal data collection requirements, the School District is audited by the Auditor General once every three years for both financial statements and district operational analysis. In the interim two-year period, the District is required to utilize the services of a Certified Public Accountant (C.P.A.). The District utilizes the services of KPMG for the period when the Auditor General does not do the audit.

The School Board has received a copy of the financial statements sent to them by the Auditor General, and a summary is attached for the records.

The financial records are being sent separately from the operational findings due to federal reporting requirements. The district operational findings will be presented to the School Board when they are finalized and received by the District.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

Florida Statutes and Federal data collection requirements.

FINANCIAL IMPACT (Budgeted: No)

None related to this report.

EVALUATION

SUBMITTED BY: Manuel Ippolito

Michele G. Crouse
Chief Auditing Officer
(813) 272-4300
Gretchen Saunders
Chief Business Officer
(812) 272-4270
5.30
Hillsborough County Public Schools (Florida) * Mtg.#20060502_175 * Section E Item# 5.30