AUDIT COMMITTEE MEETING 9-9-26

The Audit Committee meeting of the Baltimore County Board of Education held on September 9, 2026, focused primarily on audit reports related to school activity funds (SAF), including field trip costs, online digital ticketing revenues, and Career and Technical Education (CTE) inventory management. The committee reviewed findings from audits that identified procedural weaknesses such as incomplete use of required forms for field trip cost calculations and inconsistent recording of online ticketing revenues. Management presented corrective action plans, including enhanced training, transitioning to direct deposit for ticketing revenues, and improved inventory reconciliation processes. Additionally, the committee discussed the planning of an audit related to the ERP (Enterprise Resource Planning) implementation, particularly concerning budget increases and contract management. Members emphasized the need for clearer audit objectives and detailed financial information to understand cost overruns and requested a phased approach to auditing the ERP project. No formal votes were recorded, but action items included follow-up audits and ongoing collaboration between the audit committee and internal audit staff to refine audit scopes and plans.