Oakville Beaver, 16 Jul 1993, p. 3

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Leblovic verbally reported to the finance committee and on May On Jan. 18th, the finance comâ€" mittee authorized its sub committee to look at the feasibility of an audit committee and its terms of referâ€" ence. In 1991 a Select Committee on Education recommended all school boards have an audit committee. However that hasn‘t become legisâ€" lation under the NDP government. Leblovicâ€"said many boards have the committees anyway. "It‘s a measure of accountability and particularly in these times it‘s what the public is looking for," said Burlington trustee Diane Leblovic who has spearheaded and researched the idea. Despite what Ward 3 public school trustee John Scheel called "nit picking", Halton Board of Education‘s finance committee unanimously approved terms of refâ€" erence for a board audit committee last week. Oakville Beaver Staff By ANGELA BLACKBURN Audit committee to keep eye on education spending A RI ACKRTIRN No additional cost would be involved unless the committee wants an expanded audit done and that expenditure would have to be approved by the board. Another bone of contention appeared to be the selection of proâ€" The trustee wanted a written feaâ€" sibility report so the committee could be measured against its own goals at a later date. She also wantâ€" ed some protection that it wouldn‘t become too cumbersome a commitâ€" ment for board staff and that should that happen, trustees could revisit the issue. "The question in my ming is will it be worthwhile? I have a lot of sympathy for this committee and I think it can do a lot of things we want to see done," said Siebert. 27th, terms of reference were draftâ€" ed.They appeared last week for approval. Some trustees, including Ward 4 trustee Penny Siebert, lauded the importance of an audit committee but wanted the rationale or feasibility of having the committee in writing. Selection of the external memâ€" bers will be done through newspaâ€" Jenkins however said he, as a professional himself, wouldn‘t make political decisions â€" though he would provide advice during the selection process. It was suggested the trustees could be accused of getting together and choosing persons who might look favorably upon potential faults found. The committee â€" which will run for a trial period of two years â€" will consist of three trustees to be appointed by the board, the business services superintendent Jerry Jenkins and two external members selected by the three Audit Committee trustees. Some trustees questioned the viability of the three trustees selectâ€" ing the external members based on professional qualifications â€" particuâ€" larly if the trustees didn‘t have accounting or business backgrounds themselves. fessional volunteers to form part of the committee. per ads to be followed by scrutiny of resumes and personal interviews. The committee will meet once quarterly and most likely two of leasers those meetings will include the Z board‘s auditors â€" in the fall and < again in the spring when financial E. statements are due to be approved. _ M

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