Review of Annual Audit Plan of the
Division of Financial Audits for 2010-2011
July 23, 2010
STATE BOARD OF EDUCATION: INFORMATION
SUMMARY: This item covers the annual audit plan of the Division of Financial Audits for the 2010-2011 school year. The annual audit plan describes the numbers and types of audits, areas or documents to be examined, and the scheduled time periods for accomplishing the division’s activities during the 2010-2011 fiscal year. The commissioner of education submits the annual audit plan to the Committee on School Finance/Permanent School Fund in accordance with 19 TAC Chapter 109, Texas Education Agency Audit Functions, §109.21, Annual Audit Plan.
BOARD RESPONSE: Review and comment.
PREVIOUS BOARD ACTION: None.
FUTURE ACTION EXPECTED: None.
BACKGROUND INFORMATION AND SIGNIFICANT ISSUES: In accordance with 19 TAC §109.21, the commissioner of education submits the annual audit plan for the Division of Financial Audits for review by the Committee on School Finance/Permanent School Fund. State and/or federal law, rules, and regulations require all activities described in the plan. The plan proposes continuing activities to ensure correct and accurate distribution of Foundation School Program funds and other activities related to fiscal management.
FISCAL IMPACT: None.
PROCEDURAL AND REPORTING IMPLICATIONS: None.
PUBLIC COMMENTS: None.
ALTERNATIVES: None.
OTHER COMMENTS AND RELATED ISSUES: None.
COMMISSIONER'S COMMENTS: This item provides the Committee on School Finance/Permanent School Fund an opportunity to review and comment upon the 2010-2011 annual audit plan of the Division of Financial Audits.
Respectfully submitted,
Robert Scott
Commissioner of Education
Staff Members Responsible:
Laura Taylor, Associate Commissioner
Accreditation
Rita Chase, Director
Division of Financial Audits
Attachment:
I. Review of Annual Audit Plan of the Division of Financial Audits for 2010-2011