Obion County Board of Education
October 3, 2011

Agenda Item: VIII.A.

Individual School Activity Fund Audit and Individual School
Cafeteria Agreed Upon Procedures Report – Mr. David Hart

Background Information:

Annually, the System’s individual school activity funds and cafeterias are audited by an independent certified public accountant. Our contract for the past several years has been with Alexander, Thompson, Arnold PLLC.  The individual school activity fund audit is attached. For the 2010 – 2011 fiscal year audit, the auditors brought to our attention several weaknesses and we have concurred with all of the auditors’ findings. I continue to emphasize to all school principals and bookkeepers the importance of complying with the Tennessee Internal School Uniform Accounting Policy Manual. We will all continue to work to correct all findings as reported by our auditors. As for the individual school cafeteria agreed upon procedures, the State no longer requires a written report when auditors do not note any exceptions. For the 2010 – 2011 fiscal year audit, no exceptions where noted in testing the individual school cafeteria agreed-upon procedures.

A hard copy of the audit report is available for those Board members who wish to have a copy.

Staff Recommendation:

No recommendation or Board action is necessary.