1. Call to Order-9:30 a.m.
2. Informational Summary
Subject
2.1 Informational Summary for September 11, 2017
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
2. Informational Summary
Type
Information
3. Actuary Valuation/External Auditor
Subject
3.1 Actuarial Valuation of the MCPS Emplyee's Retirement and Pension Systems
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
3. Actuary Valuation/External Auditor
Type
Report

This is the annual report of the actuary with the annual valuation of the pension and Other Post-employment Benefits (OPEB).

Subject
3.2 Audit of the Financial Statements of MCPS
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
3. Actuary Valuation/External Auditor
Type
Report

This is the annual report of the external auditor regarding the financial statements as published in the Comprehensive Annual Financial Report (CAFR). The auditor also will discuss the Government Accounting Standards Board accounting standards relating to pensions and Other Post-employment Benefits (OPEB).

 

Link to CAFR -

http://www.montgomeryschoolsmd.org/uploadedFiles/departments/accounting/0378.18_ComprehesiveFinancialReport%202017.pdf

4. Construction Procurement
Subject
4.1 Construction Procurement
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
4. Construction Procurement
Type
Presentation

The purpose of this presentation is to provide information related to a variety of construction procurement methods and processes.

5. Fiscal Year 2019 Operating Budget
Subject
5.1 Fiscal Year 2019 Budget Development Update
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
5. Fiscal Year 2019 Operating Budget
Type
Discussion

An update on budget development and the time line will be provided.

6. Reports
Subject
6.1 Annual Report of the Internal Auditors for Fiscal Year 2017
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
6. Reports
Type
Report

The Fiscal Management Committee will hear information pertaining to work accomplished during Fiscal Year 2017.

 

Subject
6.2 Internal Audit Unit Audit Work Plan for Fiscal Year 2018
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
6. Reports
Type
Discussion, Information

The Fiscal Management Committee will hear information pertaining to the Internal Audit Unit work planned for Fiscal Year 2018.

 

Subject
6.3 Board of Education Quarterly Report
Meeting
Nov 13, 2017 - Fiscal Management Committee Meeting
Category
6. Reports
Type
Report
7. Summary of Actions and Follow-ups
8. Adjournment-12:00 p.m.