Report 2014-135R Recommendation 7 Responses
Report 2014-135R: Magnolia Science Academies: Although the Financial Condition of These Charter Schools Has Improved, Their Financial Controls Still Need to Be Strengthened (Release Date: May 2015)
Recommendation #7 To: Magnolia Educational and Research Foundation
To strengthen its contracting process, the Foundation should define who has authority to sign vendor agreements.
1-Year Agency Response
Based on the California State Auditor's recommendation No 7, relating to strengthening the contracting process and defining who has vendor authority to sign vendor agreements, Magnolia Public Schools (MPS) has developed procedures to provide clarification regarding who has authority to sign vendor agreements. For your reference, we are including our Board approved policies and procedures regarding the MPS' staff who has authority to sign vendor agreements.
- Completion Date: April 2016
- Response Date: May 2016
California State Auditor's Assessment of 1-Year Status: Fully Implemented
6-Month Agency Response
The organization has made various changes to the policies and procedures in order to provide additional clarity to the approval process and limits. The organization is in a continuous process of reviewing the current policies and procedures manual and will be making additional changes to strengthen the vendor agreement approval process.
- Estimated Completion Date: 1/30/2016
- Response Date: November 2015
California State Auditor's Assessment of 6-Month Status: Pending
60-Day Agency Response
The organization is in the process of reviewing the current policies and procedures manual and will be reviewing the current signing limits and approval process.
- Estimated Completion Date: 09/30/2015
- Response Date: July 2015
California State Auditor's Assessment of 60-Day Status: Pending
Agency responses received are posted verbatim.