1. Call to Order - 10:00 a.m.
Subject
1.1 Call to Order
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order - 10:00 a.m.
Type
File Attachments
Subject
1.2 Introductions
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
1. Call to Order - 10:00 a.m.
Type
File Attachments
2. Informational Summary
Subject
2.1 Informational Summary for September 21, 2021
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
2. Informational Summary
Type
Information
File Attachments
3. External Auditor - 10:05 a.m.
Subject
3.1 Year-End Financial Report
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
3. External Auditor - 10:05 a.m.
Type
Discussion

Staff will provide an overview of the various funds that are reported in the annual Comprehensive Annual Financial Report, and the process used to produce the reports.

File Attachments
Subject
3.2 Report of the External Auditor
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
3. External Auditor - 10:05 a.m.
Type
Discussion

Representatives of CliftonLarsonAllen, Montgomery County Public Schools’ external auditor, will present results of the recent external audit of our financial statements for Fiscal Year 2021 ending on June 30, 2021. The presentation will include an overview of the financial statements as reflected in the Annual Comprehensive Financial Report and discuss internal accounting controls and findings from the audit.

File Attachments
211115 FMC Mtg 3.2 Report of External Auditor.pdf (607 KB)
4. MCPS Pension and OPEB Funds - 10:45 a.m.
Subject
4.1 Year-End Pension Report
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
4. MCPS Pension and OPEB Funds - 10:45 a.m.
Type
Discussion

Staff will provide an update on the Montgomery County Public Schools pension plan for Fiscal Year 2021.

File Attachments
211115 FMC Mtg 4.1 Year-End Pension Report.pdf (110 KB)
Subject
4.2 Actuarial Valuations for MCPS Pension and OPEB Funds
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
4. MCPS Pension and OPEB Funds - 10:45 a.m.
Type
Discussion

Representatives of GRS Consulting will provide an update on both the Montgomery County Public Schools' Pension and Other Post-employment Benefits actuarial results as of July 1, 2021, and the recommended funding requirements for Fiscal Year 2023.

File Attachments
211115 FMC Mtg 4.2 Actuarial Valuations for MCPS Pension and OPEB.pdf (1,750 KB)
5. Updates - 11:30 a.m.
Subject
5.1 Updates on Sustainability Initiatives - Composting, Solar RFP, and Energy Savings Performance Contract
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
5. Updates - 11:30 a.m.
Type
File Attachments
211115 FMC New Sustainabiity Initiatives - Fall 2021.pdf (137 KB)
Subject
5.2 State Legislative Audit Update (Oral)
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
5. Updates - 11:30 a.m.
Type
Discussion, Presentation

Staff will provide an update on the State Legislative Audit that occurs every six years in the State of Maryland.

File Attachments
Subject
5.3 Blueprint for Maryland's Future Update
Meeting
Nov 15, 2021 - Fiscal Management Committee Meeting (Virtual)
Category
5. Updates - 11:30 a.m.
Type
Discussion, Presentation

Staff will provide an update on the major education legislation passed by the General Assembly in 2021 known as the Blueprint for Maryland's Future.

File Attachments
211115 FMC Mtg 5.3 Blueprint for Maryland's Future.pdf (153 KB)
6. New Business/Final Comments/Questions
7. Adjournment - 12:00 p.m.
8. Next Meeting - March 21, 2022