1. Call to Order-10:00 a.m.
Subject
1.1 Call to Order
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order-10:00 a.m.
Type
Discussion
Subject
1.2 Introductions
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order-10:00 a.m.
Type
Discussion
2. Informational Summary
Subject
2.1 Informational Summary for June 21, 2021
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
2. Informational Summary
Type
Information
3. Updates
Subject
3.1 Defined Contribution Operations
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
3. Updates
Type
Discussion

MCPS offers two voluntary retirement savings plans (403(b) & 457(b)) to employees that are designed to supplement income in retirement received from a pension and other sources. This presentation will provide an overview of the plans, general plan updates, the benefits of a single recordkeeper, and current engagement initiatives.

4. Annual Fiscal Management Committee Work Plan
Subject
4.1 Approval of Annual Fiscal Management Committee Work Plan
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
4. Annual Fiscal Management Committee Work Plan
Type
5. Category 12 Expenses
Subject
5.1 Category 12 Expenses
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
5. Category 12 Expenses
Type
Discussion

Staff will review State Category 12 expenses for Fiscal Year (FY) 2020.  Two times each year, Montgomery County Public Schools is required to provide an update on State Category 12 to the County Council.  This occurs by March 31 and September 30 each year.  A draft of the September 30 letter to the County Council has been prepared and will be discussed with the Fiscal Management Committee.

6. Budget
Subject
6.1 Fiscal Year 2023 Operating Budget Process
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
6. Budget
Type
Discussion

Staff will discuss the Fiscal Year 2023 Operating Budget development process

7. Board Expenditure Report
Subject
7.1 Board Expenditure Report Fiscal Year 2021
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
7. Board Expenditure Report
Type
Information
8. Internal Auditor
Subject
8.1 Internal Audit Unit Audit Work Plan Fiscal Year 2022
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
8. Internal Auditor
Type
Discussion

The Fiscal Management Committee will hear information pertaining to the Internal Audit Unit work planned for Fiscal Year 2022.

Subject
8.2 Annual Report of Internal Auditors for Fiscal Year 2021
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
8. Internal Auditor
Type
Discussion
Subject
8.3 Independent Activity Fund Data Report
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
8. Internal Auditor
Type
Discussion
9. Sustainability
Subject
9.1 Sustainability - Framework for a Sustainability Policy
Meeting
Sep 20, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
9. Sustainability
Type
Discussion
10. New Business/Final Comments/Questions
11. Adjournment-12:00 p.m.
12. Next Meeting: November 15, 2021