Audit Committee

Composition:

• Seeking 3 people to serve on the audit committee
• The committee will choose its own Chairperson
• Staff members may not serve on the committee

Role

-Review all accounting records and spending procedures for the school year, including:

• Monthly financial reports
• Interim financial report
• Checkbook
• Bank Statements
• Bank Receipts
• Budget
• Fundraising Activity Reports

-Findings of the audit committee must be reported at the next general membership meeting and recorded in the minutes

-A copy of the audit committee’s report must also be submitted to the principal

Download form can be found here