Report of Regents Education/Audits/Budget and Finance Joint Meeting Committee to The Board of Regents

Your P-12 Education Committee and Audits/Budget and Finance Committee held a joint meeting on June 17, 2013.  All members were present.

MATTERS NOT REQUIRING BOARD ACTION

Update on Special Education Fiscal Oversight Actions – The Committee discussed staff recommendations to strengthen the fiscal oversight and accountability measures of special education providers.  Discussion focused on the Regents recommendations related to the Special Education Financial Advisory Workgroup and next steps.  Other recommendations include the creation of a monitoring plan for the Department to review approved providers; the requirement that special education providers undergo annual fiscal training; and the requirement that special education providers select a certified public accountant from an SED approved list for the purpose of certifying its financial statements.  The Department will continue its actions to strengthen the fiscal oversight and accountability measures of special education providers and report to the board regarding further actions taken, as well as any legislative and/or regulatory proposals that may be necessary.