Illinois State Board of Education Finance and Audit Committee Aug. 9

By Kristine Gonzales-Abella

Sep 12, 2022

Illinois State Board of Education Finance and Audit Committee Aug. 9.

Here is the agenda provided by the committee:

1. Roll Call/Pledge of Allegiance

A. Consideration of and Possible Actions on Any Requests for Participation in Meeting by Other Means

2. Public Participation

A. Individuals who wish to sign up for public participation may complete 1) an online form that will be available from 8:00 a.m. until the start of the meeting on August 9, or 2) sign in on a public participation sign-in sheet that will be available at 100 N First Street, Springfield, IL from 8:00 a.m. until the start of the meeting on August 9. Participants will be able to review the guidelines and indicate if they wish to. Phone participants may dial-in at (786) 535-3211; Access Code is 605-951-125.

3. Approval of Minutes: June 2, 2022

4. Closed Session (as needed)

A. Litigation, when an action against, affecting or on behalf of the particular public body has been filed and is pending before a court or administrative tribunal, or when the public body finds that an action is probable or imminent, in which case the basis for the finding shall be recorded and entered into the minutes of the closed meeting. 5 ILCS 120/2(c)(11)

B. Meetings between internal or external auditors and governmental audit committees, finance committees, and their equivalents, when the discussion involves internal control weaknesses, identification of potential fraud risk areas, known or suspected frauds, and fraud interviews conducted in accordance with generally accepted auditing standards of the United States of America. 5 ILCS 120/2(c)(29)

5. Review of Contracts and Grants Over $1 Million – for August Approval

A. Contracts & Grants Over $1 Million – Approval to Release and Award a Request for Sealed Proposals for the Administration of the Illinois Science Assessment

B. Contracts & Grants Over $1 Million – Approval of Request to Enter into an Intergovernmental Agreement with University of Illinois Springfield for the reduction of Exclusionary Discipline

6. Review of Approval Items for August

A. Approval of Evidence-Based Funding Repayment Agreement with CPS in the amount of $87,512,939.34

7. Review of Contracts and Grants Over $1 Million- for September Approval

A. Contracts & Grants Over $1 Million - Approval to Award a Sole Source Grant to the Simon Wiesenthal Center for Operation of the Mobile Museum of Tolerance

B. Contracts & Grants Over $1 Million - Approval to Award a Sole Source Grant to the Peoria Public School District 150 for Fine Arts and Other Programs

C. Contracts & Grants Over $1 Million - Approval to Release and Award an Invitation for Bid for ISBE to Enter into a Competitive Bid for Illinois Standards-aligned Assessment Content to Administer the Illinois Assessment of Readiness in Grades 3 through 8

D. Contracts & Grants Over $1 Million - Approval of Sole Source Grant to After School Matters

E. Contracts & Grants Over $1 Million - Approval of Intergovernmental Agreement with Eastern Illinois Area Special Education to Execute the Specific Learning Disability Support Project

8. Internal Audit Updates

A. External Audit Reports

i. Acceptance Item – Fiscal Year 2021 Financial Audit Report

ii. Acceptance Item – State of Illinois Single Audit Report for the Year Ended June 30, 2021

B. Current Audits

i. FY22 Financial and Compliance Audit

ii. FY22 Statewide Single Audit

9. Discussion Items

A. FY24 Budget Discussion

B. FY23 Evidence-Based Funding Results

10. New Business: Items for the next agenda

11. Next Meeting: September 8, 2022