1. Call to Order-10:00 a.m.
Subject
1.1 Call to Order
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order-10:00 a.m.
Type
Subject
1.2 Introductions
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order-10:00 a.m.
Type
2. Informational Summary
Subject
2.1 Informational Summary for May 5, 2021
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
2. Informational Summary
Type
Information
3. Efficient Operations - 10:05 a.m.
Subject
3.1 Efficient Operations: Use of Supplemental Grants for Infrastructure Improvements (Oral Discussion)
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
3. Efficient Operations - 10:05 a.m.
Type
Discussion

Staff will provide an update on the funding, procurement, and installation approach related to water bottle filling stations at each school building. Post-pandemic priorities include a focus on several critical infrastructure areas. This installation of water bottle filling stations will assist in the successful reopening of schools and is essential for equitable access to drinking water across the district.

4. Updates
Subject
4.1 Legislative Audit Update
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
4. Updates
Type
Discussion

The Maryland Office of Legislative Audits is just about half-way through with the financial management practices audit of Montgomery County Public Schools. This update will inform where the auditors are in the process, and what to expect at the conclusion of the audit.

Subject
4.2 Independent Activity Fund Update
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
4. Updates
Type
Discussion

Staff will provide an update on Independent Activity Funds. There has been a new pronouncement from the Government Accounting Standards Board (GASB 84) that will take effect for Fiscal Year (FY) 2021 reporting. In addition, in FY 2022, a new online payment system will be rolled out over the course of the fiscal year. This update will address the new accounting and online payment processes.

5. Internal Audit
Subject
5.1 Internal Audit End-of-Year Report
Meeting
Jun 21, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
5. Internal Audit
Type
Discussion

Staff will provide an End-of-Year Update of the Annual Report of the Internal Auditors for discussion and review.

6. New Business/Final Comments/Questions
7. Adjournment-12:00 p.m.
8. Next Meeting: September 20, 2021, at 10:00 a.m.