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Meeting Date:
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3/19/2019 - 6:30 PM
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Category:
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ITEMS OF BUSINESS
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Type:
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Action
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Subject:
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3. Action on Receipt of the Fiscal Year-End 2018 Audit Reports
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments
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1. CAFR 2018
2. 2018 Communication to Those Charged With Governance and Management
3. 2018 MPS Pension Admin Audited Statement
4. 2018 MPS Pension Teacher Audited Statement
5. 2018 Report on Federal and State Awards
6. MPS Board Presentation FY18
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File Attachment:
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Background:
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Baker Tilly has completed the attached year-end reports, DATED June 30, 2018, which are being presented for the Board's consideration.
Baker Tilly considers the District's internal control over financial reporting as a basis for designing ITS auditing procedures for the purpose of expressing an opinion on the district's financial statements. Internal control matters identified by Baker Tilly are reported to the District in the "Communication to those Charged with Governance and Management." While this Communication presents the auditor's observations on, and makes recommendations regarding, various district management and internal control issues, it does not express an opinion on the effectiveness of the District's internal control.
The Communication to those Charged with Governance and Management also includes a report on the status of prior-year issues.
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Fiscal Impact Statement:
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No fiscal impact
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Implementation and Assessment Plan
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Recommendation:
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The Office of Board Governance recommends that the Board accept the following documents, as attached to this item:
1. CAFR 2018 Financial Statements
2. MPS Communication to those Charged with Governance and Management
3. Milwaukee Board of School Directors Early Retirement Plan
4. Milwaukee Board of School Directors Early Retirement Plan for Teachers
5. Report on Federal and State Awards
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Approvals:
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Recommended By:
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Signed By:
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Paul Geib - Performance Audit Manager
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Signed By:
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
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