Regulation BBC-R(1): Board Committees - Standing Committees

This regulation identifies the standing committees created by the board.

1. Audit Committee

2. Purpose

The audit committee will review financial operations of the district and make periodic reports to the board regarding: financial reporting processes, audit process, internal controls, fraud, waste, and abuse inquires, and compliance with all applicable laws and regulations. The audit committee will work with the Office of Internal Audits & Compliance and perform any other appropriate function as delegated by the board.

1. Membership

The vice chair of the board will be the chair of the audit committee, which will include no more than two other board members elected in January of each year by the board. Each member of the audit committee will serve a one-year term and be eligible for re-appointment at the conclusion of that term. A vacancy will be filled by the board.

1. Community Advisors

The Board of Education will review all applications and elect by a majority vote, no more than three non-voting community advisors to the audit committee. A board can nominate one person to serve as a non-voting advisor to the audit committee. Advisory members will serve a one-year term and may be considered for re-election to serve a maximum of two consecutive terms by a majority vote of the Board of Education. Members should have operating management experience, a background in financial, accounting, or auditing matters, and/or special expertise that would provide unique support to the audit committee.

1. Staff Support

The superintendent, chief financial officer, and director of internal audits & compliance will support the audit committee and attend meetings. Other DCSD staff will support the audit committee and attend meetings, as needed.

1. Meetings

​​​​​​​The audit committee will conduct meetings at least quarterly.