llinois State Board of Education Finance and Audit Committee met Jan. 7.
Here is the minutes provided by the committee:
I. Roll Call
Chairperson Jane Quinlan brought the meeting to order at 9:37 a.m. Roll call was taken, and a quorum was present with three members.
Members Present
Chairperson Jane Quinlan
Dr. Christine Benson
Dr. David Lett
Staff
Dr. Carmen I. Ayala, State Superintendent
Kim Clarke, Interim Board Services Coordinator
Scott Harry, Director, Budget
Tassi Maton, Internal Audit Officer
Robert Wolfe, Financial Officer
II. Public Participation
Ronald Madlock from the Illinois Association of School Boards introduced himself and noted that he was thankful for the opportunity to attend and listen to the committee meeting.
III. Approval of Minutes: December 12, 2019
Dr. Lett made the motion for the Finance and Audit Committee to approve the Dec. 12, 2019 meeting minutes. Dr. Benson seconded the motion, and it passed by voice vote.
IV. Discussion Items
A. Fiscal Year 2021 Budget Recommendation, Robert Wolfe, Financial Officer
Dr. Ayala gave an update on the status of the budget recommendation and noted that there would be an updated memo given in the final version of the packet. Mr. Wolfe highlighted some of the changes that the Board will see included in the updated recommendation. He and Dr. Ayala detailed the changes in line item allocations and provided agency rationale behind the adjustments.
V. Competitive Grant Schedule
The committee decided to table this conversation until the Jan. 28, 2020, meeting.
VI. Agency Operational Policies
A. Review Policies
The committee decided to table this conversation until the Jan. 28, 2020, meeting.
VII. Current Audits and Forth coming Reports
A. FY18 Audits
Tassi Maton, Internal Audit officer, gave a review of the fiscal year 2018 audit and an update on the agency’s progress on addressing the findings.
B. FY19 Audit Report
Ms. Maton gave an update of the fiscal year 2019 audit report, and progress on its completion. She reported that the statewide single audit is also in process.
VIII. New Business: Items for the next agenda
Chairperson Quinlan stated that she would ask Board members if they would like the fiscal and administrative reports at the end of the Board packet every month.
Mr. Wolfe reported that his team will provide the committee with a set of reports that have traditionally been provided to the Board, and a set of reports including items the agency proposed moving forward.
The committee agreed to discuss the competitive grant schedule and agency operational policies at the next committee meeting.
Dr. Ayala noted that the committee should continue discussing the budget until it is completed.
IX. Next Meeting: January 28, 2020
X. Adjournment
https://www.isbe.net/Documents_Board_Meetings/Finance-Audit-Comm-Meeting-Minutes-010720.pdf
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