|
|
|
|
|
Meeting Date:
|
5/13/2021 - 5:30 PM
|
|
Category:
|
ITEMS OF BUSINESS
|
|
Type:
|
Action
|
|
Subject:
|
3. Action on Receipt of the Fiscal Year-End 2020 Audit Reports
|
|
Strategic Plan Compatibility Statement:
|
Goal 3 Effective and Efficient Operations
|
|
Attachments
|
Fiscal Year-End 2020 Audit Reports
Year End Audit Presentation
|
|
File Attachment:
|
|
|
Background:
|
Baker Tilly has completed the attached June 30, 2020, 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 2020 Audit, June 30,2020." 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 2020 Audit, June 30, 2020 also includes a report on the status of prior-year issues.
|
|
Fiscal Impact Statement:
|
No fiscal impact
|
|
Implementation and Assessment Plan
:
|
|
|
Recommendation:
|
The Office of Board Governance recommends that the Board accept the following documents, as attached to this item:
1. Financial Statements including Independent Auditor's report-As of and For the Year Ended June 30, 2020.
2. Reporting and Insights From 2020 Audit, June 30, 2020
3. Milwaukee Board of School Directors Early Retirement Plan
4. Milwaukee Board of School Directors Early Retirement Plan for Teachers
5. Report on Federal and State Awards
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Paul Geib - Performance Audit Manager
|
|
|
Signed By:
|
|
|
Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
|
|
|
|
|
|
|
|
|