Adams 12 Five Star Schools' FAC Meeting 1/22/26

The Adams 12 Five Star Schools Finance and Audit Committee meeting on January 22, 2026, focused primarily on procurement monitoring and compliance reporting. Key discussions included the district's procurement reporting policies, with an emphasis on providing periodic procurement reports to the board to monitor purchases, vendors, and trends. The committee reviewed compliance with policies requiring board approval for acquisitions or dispositions exceeding $500,000, noting two such purchases during the monitoring period related to facility improvements. The district is transitioning to a new Oracle ERP system to enhance procurement reporting capabilities. Additionally, the committee discussed conflict of interest policies and the need for annual ethics monitoring for staff involved in procurement. Future considerations include potential policy updates to align procurement thresholds with federal guidelines and plans to sell district-owned land. No formal votes were recorded, but action items include refining procurement reports and updating ethics monitoring processes.