June 04, 2002
Status:
Receive Interim Audit Report of the CM@Risk Contract for HHH High School.
In accordance with the 2001-2002 Audit Plan, the Office of Management/Facility Audits is performing a review of various CM @ Risk contracts. This interim audit report of the CM @ Risk contract for "HHH" High School is part of an on-going series of reviews intended to determine if the District_s assets are being properly safeguarded. We focused our review on the reimbursable general conditions for the CM @ Risk Contractor_s pay applications #1-#14 (period through 12/31/01). Observations and recommendations were made to strengthen the payment review process for reimbursable general conditions, to ensure that reimbursable costs are in compliance with contract terms and enhancing the contract language to improve terms and conditions for reimbursable rental equipment expenses. In addition, we recommended that Facilities and Construction Management Division personnel and UBC Inspectors should not accept "unauthorized compensation" and strictly adhere to School Board policy and Florida State Statutes. This report is intended to be used as a resource for management and staff.
The Audit Committee reviewed and approved this report for transmittal to the School Board during the Committee's May 10, 2002 meeting.
There is no financial impact to the School District.
Requested Action
Receive Interim Audit Report of the CM@Risk Contract for HHH High School.
Summary
In accordance with the 2001-2002 Audit Plan, the Office of Management/Facility Audits is performing a review of various CM @ Risk contracts. This interim audit report of the CM @ Risk contract for "HHH" High School is part of an on-going series of reviews intended to determine if the District_s assets are being properly safeguarded. We focused our review on the reimbursable general conditions for the CM @ Risk Contractor_s pay applications #1-#14 (period through 12/31/01). Observations and recommendations were made to strengthen the payment review process for reimbursable general conditions, to ensure that reimbursable costs are in compliance with contract terms and enhancing the contract language to improve terms and conditions for reimbursable rental equipment expenses. In addition, we recommended that Facilities and Construction Management Division personnel and UBC Inspectors should not accept "unauthorized compensation" and strictly adhere to School Board policy and Florida State Statutes. This report is intended to be used as a resource for management and staff.
The Audit Committee reviewed and approved this report for transmittal to the School Board during the Committee's May 10, 2002 meeting.
School Board Goals
| Goal 3 - All operations of the school system will demonstrate best practices while supporting student achievement. | ||
| Goal 4 - All stakeholders will work together to build a better school system. |
Financial Impact
There is no financial impact to the School District.
Source of Additional Information
Patrick Reilly, 765-6421 null
Associated File Attachments
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Audit Report (Files) | |
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ExecutedARF (Files) |