2020 Spring Audit Committee Recommendations and Sign-off

Recommendations

The Audit Committee has reviewed the books of the Lakeshore Elementary PTA for the spring 2020 semester from January 1 through June 30 and find them substantially correct with recommendations.

The committee is making the following recommendations:

1. When signing Cash Verification Forms, print the signer’s names next to the signature so they can be read and verified by the Audit Committee.
2. Make sure all checks are signed by two people before distributing the checks. Six checks from 2019-20 were found to have just one signature.
3. Provide the Audit Committee with a checks report to show when checks were voided. This will make it easier to verify bank reconciliations when checks drop off between months.
4. Create a folder to hold Committee Reports.

Sign-Off

Committee members were:

1. Angela Mitchell
2. Dan Frost
3. Jeff Firestone
4. Jon Dockery
5. Keith Killpack

Below are each of their approvals.

Angela Mitchell

Dan Frost

Jeff Firestone

Jon Dockery

Jon agreed to remove his first recommendation as long as the information was provided to him during the audit:

Keith Killpack