The Budget and Audit Committee proposes appropriations of funds and modifications. Considers and recommends to the Board the Tentative and Annual Budget of the District and future fiscal year expenditures, as prepared by the President.
The Committee also confirms the quality and integrity of compliance with legal, regulatory and policy requirements, financial reporting and financial statements, and internal controls related to risks and disclosures. Identifies for recommendation to the Board the independent certified public accountant’s qualifications, independence and performance. Discusses the planned scope of the annual independent audit with the independent certified public accountants and reviews the results of the audit with the independent certified public accounts and management. The Committee receives and reviews the annual financial report with the independent certified public accountants and management.
Committee Chair: Ross Selvidge