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AUDIT COMMITTEE MEETING

Thursday, June 6, 2024
9:30 a.m. – KCW – 1st Floor Board Room

AGENDA

NEW BUSINESS

1. Pledge of Allegiance

2. Roll Call

3. Approval of the Agenda for the June 6, 2024 Audit Committee Meeting

4. Public Comment

5. Fund Balance – Proposed Changes to Policy

   1. Government Accounting Standards Board Statements
      1. GASB 54 - Fund Balance Reporting and Governmental Fund Type Definitions
      2. GASB 34 - Basic Financial Statements and Management’s Discussion and Analysis for State and Local Governments
   2. F.S. 1011.051 – Guidelines for General Funds
   3. Fund Balance Policies: Other Florida School Districts
      1. Miami Dade: 6220.01 Fund Balance Reserve
      2. Palm Beach: 2.55 Fund Balance for Contingency
      3. Orange County: District Budget System
      4. Manatee County: po6235 Fund Balance
   4. Current BCPS Policy 3111
   5. Proposed BCPS Policy 3510
   6. 8/20/13 School Board Resolution #14-56 (Agenda Item A-2 approving the Committed Fund Balance Reserves)
   7. 8/20/13 School Board Meeting Minutes

6. Proposed Audit Plan FY25

   1. OCA FY25 Proposed Audit Plan
   2. Carr, Riggs & Ingram – BCPS District-Wide Risk Assessment (see report revisions on pages 10-14)

7. AG Report No. 2024-194

8. Agenda Planning for June 20, 2024 Audit Committee Meeting

9. Audit Committee Member Comments

10. Adjournment

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