Review Agenda Item
Meeting Date: 5/11/2022 - 7:00 PM
Category: Action Items
Type: Action
Subject: Acceptance of the 2020-2021 Single Audit
Vision 2022:
Financial & Facilities Management
Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
Policy:
Background Annually, our auditors prepare an independent audit of the financial statements of CUSD 200. They also express an opinion based on the combined financial statements of the District. The Board of Education is asked on an annual basis to accept the independent audit as presented by Baker Tilly US, LLP.
File Attachment:
Community Unit School District 200 6.30.2021 Single Audit Reporting Package.pdf
Summary: Baker Tilly US, LLP provided the Board of Education with all 2020-2021 audit documentation in December of 2021, except for the Single Audit. The Single Audit is an organization-wide financial statement and federal awards' audit of a non-federal entity that expends $750,000 or more in federal funds in one year. It is intended to provide assurance to the Federal Government that a non-federal entity has adequate internal controls in place, and is generally in compliance with program requirements.

The Single Audit as prepared by Baker Tilly US, LLP confirmed CUSD 200 is in compliance with federal programs requirements and did not report any findings associated with federal grants. A copy of the Single Audit is attached.
Funding:
Board Policy
Recommendation: It is recommended that the Board of Education accept the 2020-2021 Single Audit as prepared by Baker Tilly US, LLP.
Approvals:
Recommended By:
Signed By:
Brian O'Keeffe - Asst Superintendent Business Services
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Dave Long Moved, Member Susan Booton seconded to approve the Original motion 'It is recommended that the Board of Education accept the 2020-2021 Single Audit as prepared by Baker Tilly US, LLP.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Brad Paulsen     Yes
Chris Crabtree     Yes
Rob Hanlon     Yes
Susan Booton     Yes
Dave Long     Yes
Mary Yeboah     Yes
Angela Blatner     Yes