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Agenda Plus
School Board of Clay County
April 2, 2020 - Regular School Board Meeting
Title
C16 - Clay County District School Board Operational, Financial and Single Audit for the 2018-2019 Fiscal Year
Description

Pursuant to 1010.30 F.S., school districts are required to have an annual financial, operational and single audit of the district school board.  For the 2018-2019, the annual operational, finanical and single audit was conducted by Purvis Gray and Company, an independent certified public accounting firm.  At the conclusion of the site review, there were a total of 2 findings, 1 finding under the operational audit and 1 finding under the financial audit.   Corrective actions to address the findings are included in the report. 

The audit is a public document and will be made available on the District's website located at the District website and can be accessed through the following link,

 

The audit becomes part of the public record for the financial records of the School Board, which are maintained under the direction of the Superintendent, with the approval of the Board. 

Gap Analysis

The objectives of the annual financial, operational and single audit are to evaluate management’s performance in establishing and maintaining internal controls, including controls designed to prevent and detect fraud, waste and abuse. The objectives also include the examination of internal controls in the categories of compliance, economic and efficient operations, reliability of records and reports, and the safeguarding of assets.  

Previous Outcomes

None

Expected Outcomes

Acceptance of the Independent Audit Report, as presented. 

Strategic Plan Goal

Ensure effective, equitable and efficient use of resources.

Recommendation


Acceptance of the Independent Audit Reports, as presented.

Contact
Dr. Susan Legutko, Assistant Superintendent Business Affairs
Financial Impact
None
Review Comments
Attachments
Final 03458AR19 District School Board of Clay County.pdf
Final SAS114 District School Board of Clay County......pdf