Information Item
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Auditing
Information Item |
| DATE: | Tuesday, May 19, 2015 |
| TO: | School Board Members |
| FROM: | Jeff Eakins, Acting Superintendent |
| SUBJECT / RECOMMENDATIONS | |
| Audit Report of the District’s Self-Insurance Program (District Auditing Office) | |
| 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, 2013, through June 30, 2014. This program is administered by Broadspire Services Inc. under the direction of the Human Resources Division. 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.
Broadspire’s performance in administering claims for this audit period was satisfactory. Of the 88 files reviewed, we found no significant discrepancies. As compared with the prior year audit of 103 claim transaction files which found eight discrepancies and a 7.8 percent error rate. Internal control and management oversight enhancements have been developed with the district school system and are described in the attached report. |
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| STRATEGIC OBJECTIVES | |
| • Demonstrate best financial practices | |
| FINANCIAL IMPACT (Budgeted: Yes) | |
| This agenda item is budgeted for in the Auditing Office’s departmental budget. | |
| EVALUATION | |
| SUBMITTED BY:
Edward A. McNamara, District Auditor Pamela D. Lucier, District Auditor |
|
| Manuel Ippolito | Jeffrey Eakins | |
| Auditing Manager (813) 272-4304 |
Acting Superintendent (813) 272-4047 |
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| A 10.03 | ||
| Hillsborough County Public Schools (Florida) * Mtg.#20150519_692 (Board Meeting) * Section A Item# 10.03 | ||