FY 2021-2022 MID-TERM REPORT Audit Committee

Transcript:FY 2021-2022 MID-TERM REPORT Audit Committee:
FY 2021-2022 MID-TERM REPORT Audit Committee Activities 1 Art Edwards Audit Committee Chairman April 27, 2022 FY 2021-22 MID-TERM REPORT SBBC Financial Oversight Audit Committee Members Reporting Structure External Auditors Internal Auditors Internal Audit Implementation Internal Audit Universe Internal Audit Focus 2021 Highlights - Internal Audits Completed 2022 Internal Audit Objectives Corrective Actions & Remediation Status Audit Committee Goals & Highlights 2 DISTRICT STAFF AUDIT COMMITTEE INTERNAL AUDITORS SBBC Financial Oversight “…working together to maintain and increase public confidence with the fiscal and administrative responsibilities of the School Board of Brevard County.” EXTERNAL AUDITORS 3 Audit Committee Members Art Edwards, Chair District 1 Vicki Mace District 2 Nicole Colbert, Vice-Chair District 3 Don Lusk District 4 Jim Slate District 5 4 FY 2021-22 Misty Belford, School Board Chair Ex-Officio The Audit Committee’s authorization to operate is provided in School Board Policy 6700 – Audit Committee and School Board Policy 6705 – Charter of Internal Audit. 2 Audit Committee Members Art Edwards, Chairman – Retired Aerospace Corporate Safety Manager. Background includes Engineering, Construction-General Contractor, Project Management and Safety. Presently, Senior Partner in a Safety Consulting firm and President/CEO Edwards Media Group. Committee member for over 13 years. Don Lusk – Retired County administrator with 30+ years of local government experience. Certified Workforce Development Professional. Presently, Senior Policy and Program Officer with local non-profit workforce investment agency. Background includes Health & Human Services, Public Safety, Emergency Management and Community Service programs. Committee member for 8 years. Nicole Colbert, Vice Chairman – Controller with 15+ years of experience in public/private industry accounting. Working in construction and development, has supervised jobs from high-tech industrial manufacturing facilities to restaurant build-outs, with her primary focus being financial advisory and construction/real estate development. Committee member for 4 years. Vicki Mace – Retired educator with over 30 years of experience with BPS. Extensive experience with charter school law, evaluation and oversight as well as leadership, strategic planning, and operations expertise. Serves as a consultant to other school districts on charter school processes. Committee member since April 2020. Jim Slate – Accounting/Finance professional with 40 years experience, including Internal Audit and Compliance. Certified Public Accountant in the State of Florida. Committee member since December 2019. 5 The School Board of Brevard County, Florida Reporting Structure School Board of Brevard County 6 Citizens of Brevard County Superintendent District Cabinet Audit Committee Internal & External Audit School Board Attorney 7 External