|
|
|
|
|
|
|
|
|
Meeting Date:
|
3/10/2022 - 6:00 PM
|
|
Category:
|
Future Action Item(s)
|
|
Type:
|
Info
|
|
Subject:
|
External Auditors Request for Qualifications (RFQ)
|
|
District Goals:
|
Goal 1 Thriving Students Goal 2 Engaged Community Goal 3 Empowered Staff
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
Summary:
|
Each year, all LEA's, including Crowley ISD must take the following steps:
1. Prepare its annual financial statements.
2. Have its annual financial statements audited by a licensed independent certified public accountancy (CPA) firm.
3. Submit the resulting audited annual financial and compliance report (AFR) and additional data to the Texas Education Agency (TEA) for review.
TEC, ยง44.008 states that the Board of Trustees shall have its school district audited annually with an independent audit firm with at least the minimum requirements and be in the format prescribed by the State Board of Education. A copy of the annual audit report shall be filed by the District with TEA within 150 days from the fiscal year end, for review by the agency.
|
|
Budgetary Impact:
|
No budgetary impact at this time. It is anticipated that the expense of the future annual financial audit will be similar to the historical cost of $50,000.
|
|
Recommendation:
|
No action needed at this time. We will bring this back recommending an audit firm at the March 31 Board meeting.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Stacey Adrian - Chief Financial Officer
|
|
|
Signed By:
|
|
|
Michael McFarland - Superintendent
|
|
|
|
|
|
|
|
|