Audit Committee Meeting, May 27, 2026

The Virginia Beach City Public Schools Audit Committee met on May 27, 2026, to review several audit reports and discuss ongoing procurement and financial oversight activities. Key procurement-related discussions included audits of school activity funds at multiple high schools, highlighting procedural exceptions such as improper account coding and missing procurement documentation, but no indications of fraud. The committee reviewed a compliance audit of a $13 million ventilation improvement grant, noting one finding related to federal funding disclosure and recommending greater involvement of the procurement office in capital improvement projects to ensure adherence to federal requirements. Additionally, the committee discussed fundraising policies, emphasizing the need for updated approval processes and oversight of external parent organizations and crowdfunding platforms like DonorsChoose. Updates on sole source contract procurements showed improved documentation and compliance with recommendations. The committee also received reports on capital asset management improvements and ongoing inventory processes. A motion was passed to recess into a closed session to discuss personnel matters and investigations related to school activity fund audits. The meeting concluded with scheduling the next meeting for September 23, 2026, at 1:30 PM.