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Meeting Date:
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12/11/2024 - 7:00 PM
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Category:
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Action Items
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Type:
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Action
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Subject:
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Acceptance of the 2023-24 Single Audit
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Vision 2026:
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Operational Excellence Strategies 2 Maintain strong fiscal health of the organization.
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Background
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Annually, our auditors prepare an independent audit of the financial statements of CUSD 200. They also express an opinion based on the combined financial statements of the District. The Board of Education is asked on an annual basis to accept the independent audit as presented by Baker Tilly US, LLP.
A Single Audit is an organization-wide financial statement and federal awards' audit of a non-federal entity that expends $750,000 or more in federal funds in one fiscal year. It is intended to provide assurance to the Federal Government that a non-federal entity has adequate controls in place, and is generally in compliance with program requirements.
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File Attachment:
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Summary:
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Nick Cavaliere, a partner with Baker Tilly US, LLP and the lead auditor for CUSD 200, will provide the Board of Education with an oral report at this meeting. He will highlight the audit process and share the results of the 2023-2024 Single Audit with the Board of Education. There are no findings or questioned costs in the 2023-2024 Single Audit.
A copy of the 2023-24 Single Audit is attached.
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Funding:
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FY25 Operational Budget
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Board Policy
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4:80 Accounting & Audits
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Recommendation:
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It is recommended that the Board of Education accept the 2023-2024 Single Audit as prepared and submitted by Baker Tilly US, LLP.
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Approvals:
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Recommended By:
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Signed By:
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Brian O'Keeffe - Asst Superintendent Business Services
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Signed By:
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Jeff Schuler - Superintendent
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Vote Results:
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| Original Motion | | Member Dave Long Moved, Member Erik Hjerpe seconded to approve the Original motion 'It is recommended that the Board of Education accept the 2023-2024 Single Audit as prepared and submitted by Baker Tilly US, LLP.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Brad Paulsen | Yes | | Rob Hanlon | Yes | | Dave Long | Yes | | Angela Blatner | Yes | | Julie Kulovits | Yes | | Erik Hjerpe | Yes | | John Rutledge | Yes | |
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