1 / 8

FY 2013 Audit Contract

FY 2013 Audit Contract. June 13, 2013 8:45 am – 9:15 am. LaTonya Bell Branch Manager, Division of District Support Kentucky Department of Education l atonya.bell@education.ky.gov 502-564-3846. FY 2013 Audit Contract Highlights.

donnel
Download Presentation

FY 2013 Audit Contract

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FY 2013 Audit Contract June 13, 2013 8:45 am – 9:15 am

  2. LaTonya Bell Branch Manager, Division of District Support Kentucky Department of Education latonya.bell@education.ky.gov 502-564-3846

  3. FY 2013 Audit Contract Highlights • Audit Contracts, Audit Acceptance Statements, latest Peer Review Reports, and if applicable, any letter of comment, letter of response and KSCPA Peer Review Committee letter - May 28, 2013 • Auditor’s Alert – High Risk Areas • Auditor’s Qualifications • SCSDA’s Approval of Audit Contracts

  4. FY 2013 Audit Contract Highlights • Record On-Behalf Payments in the unaudited and audited AFRs and report details in the Notes to the Financial Statements • General Fund covers negative balances in other funds • Unaudited AFR & Balance Sheet – July 25, 2013 • Audited AFR & Balance Sheet – Nov. 15, 2013 • Audit Extension Request Form - October 1, 2013 • Statement of Certification - November 15, 2013

  5. On-Behalf Payments • On-Behalf Payment Instructions – MUNIS Coding http://education.ky.gov/districts/FinRept/Pages/On-Behalf-Payments-Information.aspx • Health Benefits less Federal Reimbursement • Kentucky Teachers’ Retirement System (KTRS) • Technology • Debt Service • Kentucky Inter-local School Transportation Association (KISTA) energy savings capital leases • On-Behalf Payment Payroll Related Summary Report

  6. FY 2013 Audit Contract Highlights • Audit Reports - November 15, 2013 • Penalties - Withholding 10% audit fee • Change in Scope of Audit • Auditor vs. District Responsibilities • A-133 Desk Reviews

  7. KDE Contacts Jeffrey Coulter, Financial Analyst jeffrey.coulter@education.ky.gov Ken Smith, Financial Analyst ken.smith@education.ky.gov Pari Ziebart, Graduate Accountant pari.ziebart@education.ky.gov 502-564-3846

  8. QUESTIONS?

More Related