Audit Steering Committee

[8/11/03, Item 9.2]

San Jose Unified School District

2002 Measure F

Citizens’ Bond Oversight Committee

Fred Schorr, Chair

The Audit Steering Committee met on July 21^st. There were four items on our agenda, only one of which was discussed; Documentation of Policy and Procedures, presented by Florence Eng & Joe Aversano. This was an informational and review discussion of the document.

Document Title: SJUSD School Construction Finance-Procedural Manual (DRAFT);

1) Bidding Policies & Procedures (oral, informal, formal)

2) Change Order Process

3) Capital Project Items for Board Approval

4) Creation of Purchase Order

5) Payment Process

6) Performance of Account Reconciliation

7) Financial Reporting

No action was taken.