Agenda Item
Meeting Date:
2/27/2025 - 5:30 PM  
Category:
Report of the Committee on Accountability, Finance, and Personnel (AFP)  
Type:
Action  
Subject:
1. Action on Receipt of the Fiscal Year-End 2023 Audit Reports  
Strategic Plan Compatibility Statement:
Goal 3
Effective and Efficient Operations
  
Policy:
Admin Policy 3.07 - Fiscal Audits  
Attachments:
1. Milwaukee Public Schools ACFR FY23 2. Milwaukee Board of School Directors Early Retirement Plan 3. Milwaukee Board of School Directors Early Retirement Plan for Teachers 4. Reporting and Insights from 2023 Audit 5. Report on Federal and State Awards 6. Milwaukee Public Schools 2023 Presentation  
File Attachment:
1. Milwaukee Public Schools ACFR FY23.pdf
2. Milwaukee Board of School Directors Early Retirement Plan.pdf
3. Milwaukee Board of School Directors Early Retirement Plan for Teachers.pdf
4. Reporting and Insights from 2023 Audit.pdf
5. Report on Federal and State Awards.pdf
6. Milwaukee Public Schools 2023 Presentation.pdf
 
Background:
Baker Tilly has completed the attached June 30, 2023, year-end reports, which are being presented for the Board's consideration. Baker Tilly considers the District's internal control over financial reporting as a basis for designing their auditing procedures for the purpose of expressing an opinion on the district's financial statements. Internal control matters identified by Baker Tilly are reported to the District in the "Reporting and Insights From 2023 Audit, June 30, 2023." While this Communication presents the auditor's observations on, and makes recommendations regarding, various district management and internal control issues; it does not express an opinion on the effectiveness of the District's internal control. Reporting and Insights from the 2023 Audit, June 30, 2023, also includes a report on the status of prior-year issues.  
Fiscal Impact Statement:
There is no fiscal impact  
Implementation and Assessment Plan:
 
Recommendation
Your Committee recommends that the Board: 1. accept the following documents, as attached to this item 2. direct the Administration to present quarterly updates on progress toward the FY23 Audit findings 3. direct the Office of Accountability and Efficiency, in collaboration with the Administration, to review the fund transfer and investment policies and bring back recommendations to improve the Board's oversight and approval of these activities no later than the June Board cycle.  
Approvals:
Recommended By:
Signed By:
Dr. Tina Owen-Moore - Board Clerk