06-15-2010 Regular School Board Meeting
Agenda Item #47


Title
Adoption of New Policy 6701 - Charter of Internal Audit

Discussion

The Audit Committee has recommended that the School Board adopt a new policy 6701 to govern the purpose, authority and responsibilities of the internal audit function.  The recommended policy will be entitled Charter of Internal Audit.

Attached are three draft copies of the recommended policy for your review:

Attachment # 1 - the original version created by the Audit Committee Chairman, Mike Raphael and presented to the School Board for review on December 8, 2009.

Attachment # 2 - the recommended version provided by the School Board Attorney and presented to the Audit Committee on March 12, 2010.

Attachment # 3 - the strike through version that modifies both version 1 and 2 and contains recommendations provided by the Audit Committee on March 12, 2010.  The Audit Committee recommended a modified version of Mr. Bistline's recommendation.

The Superintendent and the School Board Attorney recommend the adoption of version 2 to be included as Board Policy 6701.



Recommendation
Request the Superintendent to advertise for a public hearing and approve the recommendation of the Superintendent and the School Board Attorney to adopt version 2 as School Board Policy 6701.

Meeting Date(s)
Information - 5/25/2010
Action6/15/2010
Public Hearing7/20/2010

Authority for Action
International Standards for the Professional Practice of Internal Auditing, Attribute Standard 1000

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact

Jo Ann Clark, Director of Accounting Services, ext 660

Judy R. Preston, Associate Superintendent of Financial Services, ext 600




Attachment:  Attachment #2 Audit Committee Charter Bistline 3-11-10.pdf
Attachment:  Attachment #3 Audit Committee Charter Combined 4-29-10.pdf
Attachment:  Attachment #1 Audit Committee Charter Raphael 12-8-09.pdf