The Board committee discussed the findings of an audit report on the 2001 and 2005 bond funds. Five areas are identified in the report as needing attention: accrual accounts, competitive bidding process, bid splitting, unallowable costs, and approval of expenditures. Because the report does not give specific information, the Board committee asked for more detailed about exactly what the issues are before acting to address them.
The Board committee also discussed the role and responsibilities of the internal auditor, including the best use of the internal auditor’s time.
Several documents were distributed at the meeting relating to auditing (which I have available in the Seante office):
- A list of internal control weaknesses and corrective actions follow-up
- An audit find status report form
- A proposed annual audit work plan
- A list of discussion points from the internal auditor
- A list of the types of audits to which the District can be subject
- “General Guidance of Internal Control” from the state Department of Finance’s Office of State Audits and Evaluations
The Board then went into closed session to discuss “anticipated litigation.”
