Audit Charter

Liberty Public School District No. 53 Audit & Finance Committee Charter I. Purpose The Audit & Finance Committee (Committee) of the Liberty Public School District No. 53 (District) is a committee appointed by the Liberty Public School District Board of Education (Board) and is responsible for reviewing and making recommendations to the Board relating to any matters of audit or financial concern within the operation of the District. The Committee functions under the requirements of Board policy BCE Board-Appointed Committees. The overall responsibility of the Committee will consist of performing a comprehensive, prospective review of the operations of the District and making recommendations, including, but not limited to, the following: contract awards, financial reports of revenue and expenditures, non-bond capital improvement reports, bond issue capital improvement reports, investment reports, annual budget, long range financial planning objectives, audit reports, and internal control reports. II. Membership of Audit & Finance Committee The Committee shall be comprised of the following voting members: five (5) members of the community, and the following non-voting members: the Chief Financial & Operations Officer (CFOO), the Director of Business Operations and a representative from the Board of Education. The chairperson of the committee shall be elected by the Committee and will represent the committee, including its ongoing reporting ...