notice for audit committee

Temrick

Informations

• Publié par: Sogoz
• Nombre de lectures: 9
• Langue: English

Extrait

The Fairborn City School District is looking for 2 audit committee members. The terms will begin

on January 1, 2010 and end on December 31, 2011. If you are interested, please fill out the

attached application and return it by December 31, 2009 to: Fairborn Board of Education, 306

East Whittier, Fairborn, OH 45324 Attn: Tammy Emrick, Treasurer/CFO. Questions may be

directed to Ms. Emrick at 878-3961 or [e-mail].

Fairborn City School District

Audit Committee Application

The Fairborn City School District is seeking volunteer community members to serve on the

District Audit Committee.

Interested candidates should have accounting or related financial

management experience and should have no relationship to the District that may interfere with the

exercise of their independence from management and the District. The Committee will meet on a

quarterly basis. A copy of the Audit Committee Charter is attached for more information on

purpose, authority, duties and responsibilities.

Name

________________________________________________________________________________

Address

______________________________________________________________________________

Home Phone

_______________ Work Phone ______________ E-mail Address

____________________

Do you have children attending or who are graduates of the Fairborn Schools?

Yes _______

No_______

Please use the following space or attach a resume to describe your applicable educational background and

work experience. Please identify any financial management experience you have had.

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

Please note community activities in which you have been involved.

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

Please note reasons you would like to serve on this committee.

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

___________________________________________

____________________________________

Signature

Date

Please return this application by December 31, 2009 to:

Fairborn Board of Education, 306 East Whittier,

Fairborn, OH

45324

Attn:

Tammy Emrick, Treasurer/CFO. Questions may be directed to Ms. Emrick at

878-3961 or [e-mail]

Page 1

FAIRBORN CITY SCHOOL DISTRICT

AUDIT COMMITTEE CHARTER

PURPOSE:

The Audit Committee (Committee) of the Fairborn City School District (District) is

appointed by the Board of Education (Board) to assist the Board in (1) reviewing the

annual reports of the District’s external auditor; and (2) reviewing the progress of the

District with respect to the implementation of any auditor annual report recommendations

that are either deemed necessary by the Committee, or required by law.

Since the

committee is appointed by the Board, all sunshine laws will apply and copies of the

minutes will be distributed to the Board.

MEMBERSHIP:

The Committee shall be comprised of

four

community members.

The members should

have no relationship to the District that may interfere with the exercise of their

independence from management and the District and have accounting or related financial

management expertise.

All four positions will be two year terms renewable for one

additional two year term.

Total years served as a member of the audit committee will be

limited to four. The Board will have the option to appoint a current member to additional

terms if no new applicants apply.

The Board will select new appointees through an

application process.

TERMS:

The Committee shall have 2 two years terms which will initially run from January 1,

2006 through December 31, 2007.

These two positions will subsequently have two year

terms.

The Committee shall also have 2 two year terms which will initially run from January 1,

2005 through December 31, 2006.

These two positions will subsequently have two year

terms.

BOARD OF EDUCATION:

The Board of Education shall annually select one member to serve as a liaison on the

audit committee.

This member will update the Board regarding audit committee

activities.

TREASURER:

The Treasurer for the Board of Education shall be an advisory member of the committee

and shall work with the chair of the committee to set the meeting agenda.

The Treasurer

shall evaluate the recommendations of the State Auditor in the annual audit report and

advise the committee on the feasibility and status of the implementation of those

recommendations.

Page 2

OFFICERS:

Chair of the Committee

The Committee will annually select one member to serve as Chair.

This person will work

with the Treasurer to set the meeting agenda, run the meeting, and serve as the

committee’s spokesperson.

Scribe of the Committee

The Committee will annually select one member to serve as Scribe.

This person will be

in charge of taking and distributing minutes.

AUTHORITY:

The Board shall have the authority to retain special legal, accounting or other consultants

to advise the Board and/or the Committee, at the Board’s discretion.

MEETINGS:

Meetings shall be held every quarter, preferably in February, May, August and

November.

In addition to the quarterly meetings, the committee shall meet before the

auditors have begun the audit in order to review audit plans and communicate any special

areas of concern or focus and near the end of the audit to review the draft audit report.

KEY DUTIES AND RESPONSIBILITIES:

The Committee shall make reports to the Board on at least an annual basis.

The

Committee shall:

1.

Review and reassess the adequacy of this Charter annually and

recommend any proposed changes to the Board for approval;

2.

Review the annual audited financial statements with management,

including major issues regarding accounting and auditing principles and

practices as well as the adequacy of internal controls that could

significantly affect the District’s financial statements;

3.

Review an analysis prepared by management and the external auditor of

significant financial reporting issues and judgments made in connection

with the preparation of the District’s financial statements;

4.

Review major changes to the District’s auditing and accounting principles

and practices as suggested by the external auditor or management;

5.

Discuss with the external auditor the matters required to be discussed by

Statement on Auditing Standards No. 61,

Communication with Audit

Committees

relating to the conduct of the audit;

6.

Review with the external auditor any problems or difficulties the auditor

may have encountered and any management letter provided by the auditor

and the District’s response to that letter. Such review should include any

difficulties encountered in the course of the audit work, including any

restrictions on the scope of activities or access to required information;

7.

Meet at least annually with the chief financial officer (Treasurer) and

separately with the external auditor, if the committee deems it necessary.

Adopted by the Board of Education -- March 9, 2006