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Meeting Date:
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Category:
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Report of the Committee on Accountability, Finance, and Personnel (AFP) |
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Type:
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Subject:
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10. Report with Possible Action on a Review of Accounts Payable Internal Controls-Office of Finance Presentation |
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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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File Attachment:
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Background:
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The Milwaukee Board of School Directors approved the Review of the Accounts Payable Internal Controls-Office of Finance as part of the Annual Plan of Audits. The scope of this audit included a review of purchase orders, electronic direct payments, direct payments, travel, and contract payments made by Accounts Payable generated checks, ACH's and wire transfers.
Our review concluded that internal controls over the district's accounts payable process are adequate. |
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Fiscal Impact Statement:
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Implementation and Assessment Plan: |
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Our review identified certain enhancements that can be made to build upon and improve certain controls within the Office of Finance and our recommendations are noted in the audit report presented this evening. |
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Recommendation
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Your Committee recommends directing the Office of Accountability and Efficiency to amend the annual audit plan to include a follow-up on coaching payment and school event ticket reimbursement. |
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Approvals:
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Recommended By: |
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Signed By: |
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Dr. Tina Owen-Moore - Board Clerk |
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