School District of Clay County
Green Cove Springs, Florida
Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearing for Special Actions regarding Students - 3:00 p.m. REGULAR MEETING - 7:00 p.m.
April 21, 2011 Regular Meeting
Agenda Item #62

Item Title
Audit Committee Selection


Section 218.391, Florida Statutes, establishes required procedures for the selection of auditors to perform the annual financial audits required by Section 218.39, Florida Statutes.  The effectiveness of an audit committee in performing its assigned duties is certainly dependent on the qualifications and skills of its members and the relationship of the members to the governing body.  Ideally, all members of the committee should possess or obtain a basic understanding of governmental financial reporting and auditing.


Recommended Action
Approve the selection of an Audit Committee

Financial Impact
Estimated cost of $110,000.00

Submitted By
Dr. George F. Copeland, Assistant Superintendent for Business Affairs