Information Item
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Auditing
Information Item |
| DATE: | Tuesday, March 19, 2013 |
| TO: | School Board Members |
| FROM: | MaryEllen Elia, Superintendent |
| SUBJECT / RECOMMENDATIONS | |
| Audit Report of the District’s Self-Insurance Program for the Period July 1, 2011 – June 30, 2012 (District Auditing Office) | |
| EXECUTIVE SUMMARY | |
| We have audited claims transactions for the General Liability, Automotive Liability, and Worker’s Compensation Self-Insurance Program for the period July 1, 2011, through June 30, 2012. This program is administered by Broadspire Services Inc. under the direction of the district’s Human Resources Division. Our 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.
In our opinion, Broadspire’s performance in administering claims for this audit period was above satisfactory. Of the 103 files reviewed, we found 8 discrepancies or a 7.8 percent error rate. This compares with the prior year’s 109 files, 9 discrepancies and an 8.3 percent error rate. Plans that will enhance internal control and management oversight have been developed with district management and are delineated in the report detail sections. |
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| STRATEGIC OBJECTIVES | |
| • Align financial resources to support the district’s strategic goals • Demonstrate best financial practices | |
| FINANCIAL IMPACT (Budgeted: Yes) | |
| This audit is conducted as part of the district’s Board-approved Annual Audit plan and is budgeted as part of the District Auditing Office’s General Fund budget. | |
| EVALUATION | |
| SUBMITTED BY:
Edward A. McNamara, District Auditor Pamela D. Lucier, District Auditor |
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| Manuel A. Ippolito | Kenneth R. Otero | |
| Auditing Manager (813) 272-4304 |
Deputy Superintendent (813) 272-4101 |
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| A 9.07 | ||
| Hillsborough County Public Schools (Florida) * Mtg.#20130319_557 (Board Meeting) * Section A Item# 9.07 | ||