• 2019-20 Audit Committee Work Plan:

    1. Reviews and recommends actions on 2017 Bond Audit and ongoing oversight of implementation of recommendations 
    2. Oversight of the OIPA’s annual Internal Performance Audit Plan (2019-20: Contracts Audit, P-Card Review, ACH Audit)
    3. Reviews and recommends actions related to the audit of District’s Comprehensive Annual Financial Report (CAFR), the audit of the District’s expenditures of federal awards, and provides ongoing oversight of implementation of recommendations
    4. Initiation and support for the OIPA
    5. Reviews District response to Secretary of State Audit (Board and Management)
    6. Recommends external auditors to the Board.

     

    The topics of the 2019-20 Committee Work Plan were identified at the 10/6/2019 committee meeting. The Committee formalized its work plan items in the 12/5/2019 meeting. 

     

    Status updates on the Committee’s Work Plan are provided at Committee meetings.  See the cumulative progress made as of the most recent Committee meeting:  Cumulative Progress on 2019-20 Work Plan

     

    Work Plan Elements:

     

    1. Reviews and recommends actions on 2017 Bond Audit and ongoing oversight of implementation of recommendations.

    Background Information: External auditors (Sjoberg Evashenk Consulting (“SEC”), Inc.) were contracted by the District to perform performance audits of the 2017 Bonds.  The performance audit will cover the initial fiscal years beginning with July 1, 2018 through June 30, 2022.  The primary focus of the scope of the audit is centered on the projects associated with the 2017 general bonds (Bonds Projects). 

    See additional details in the contract’s statement of work:  SEC Inc – Statement of Work

    Audit reports issued by the external auditor, along with the status of the implementation of any recommendations can be viewed at:  PPS Audit Reports

     

    2. Oversight of the Office of Internal Performance Audit (OIPA) annual Internal Performance Audit Plan (2019-20: Contracts Audit, P-Card Review, ACH Audit)

    Background Information:  One of the Committee’s primary responsibilities is to recommend the OIPA annual Internal Performance Audit Plan (“Audit Plan”) to the Board and provide ongoing oversight of the Audit Plan and individual audits. 

    See OIPA’s annual Audit Plan at: 

     

    Audit reports issued by the external auditor, along with the status of the implementation of any recommendations can be viewed at:  PPS Audit Reports

     

    3. Reviews and recommends actions related to the audit of District’s Comprehensive Annual Financial Report (CAFR), the audit of the District’s expenditures of federal awards, and provides ongoing oversight of implementation of recommendations.

    Background Information: External auditors (Talbot, Korvola & Warwick (“TKW”), LLP) were contracted by the District to perform an audit of the District’s CAFR and an audit of the District’s expenditures of federal awards to satisfy requirements imposed by the Single Audit Act of the U.S. Office of Management and budget (OMB) Circular No. A-133.  TKW was initially contracted for this purpose in August 2006 and the contract has been subsequently amended to continue these services. 

     

    See details in the contract’s original statement of work:  TWK – Statement of Work

    See additional details in the contract’s most recent amendment:  TKW - Amendment 8

     

    4. Initiation and support for the Office of Internal Performance Audit (OIPA)

    Background Information:  One of the Committee’s primary responsibilities is the initial and support for the OIPA.  Committee oversight responsibilities for the OIPA include the review, approval, and presentation of the following to the Board for final approval:

    • PPS Internal Performance Audit Charter, and/or any amendments
    • OIPA’s annual Internal Performance Audit Plan
    • Annual operating budget for the OIPA
    • The Auditor’s annual performance evaluation
    • Written audit reports, including findings and recommendations,
      • A complete list of audit report as well as the status of implementation of any resulting recommendations, can be viewed at: PPS Audit Reports
    • Ongoing oversight of the implementation of recommendations until recommendations are implemented by District Management.

     

    5. Reviews District response to Secretary of State (SoS) Audit (Board and Management)

    Background Information: Board Committee reviews management actions and implementation plans, and advises the Board of Education on action and implementation plans that are needed based on findings and recommendations from the SoS audit. 

     

    6. Recommends external auditors to the Board

    Background Information:  Committee will provide oversight for the RFP process and provide recommendations to the Board on the selection, contracting, and engagement of external auditors.