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Meeting Date:
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Category:
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Type:
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Subject:
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2. Report with Possible Action on Audit #2024-54 Review of Retiree Life and Medical Insurance |
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments:
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File Attachment:
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Background:
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The Milwaukee Board of School Directors approved the Retiree Life and Medical Insurance Review as part of the FY24 Annual Plan of Audits. The report was issued May 29, 2024. The scope of this audit focused on retiree benefits of life insurance, medical insurance, sick leave payout and Social Security Medicare Part B premium reimbursements.
Our review concluded that internal controls over the district's retiree life and medical insurance were adequate and functioning as intended. |
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Fiscal Impact Statement:
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Implementation and Assessment Plan: |
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The review identified certain enhancements that can be made to build upon and improve certain controls with in the Office of Human Resources-Benefits, Pension and Compensation. Recommendations are noted in the audit report. |
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Recommendation
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Approvals:
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Recommended By: |
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Signed By: |
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Paul Geib - Performance Audit Manager |
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Signed By: |
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Matt Chason - Senior Director, Office of Accountability and Efficiency |
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Signed By: |
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Dr. Tina Owen-Moore - Board Clerk |
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