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GRAHAM LOCAL SCHOOL DISTRICT CHAMPAIGN COUNTY SINGLE AUDIT FOR THE FISCAL YEAR ENDED JUNE 30, 2010, GRAHAM LOCAL SCHOOL DISTRICT CHAMPAIGN COUNTY TABLE OF CONTENTS TITLE PAGE Independent Accountants
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.......................................................... 8 Report to be Furnished to the Council of the District Board of Directors.............................................. 9 Report to be Furnished to the State Superintendent of Education.............................................. 10 Audit Committee Policy Statements................................................................................................... 10 Report to be Submitted to the Illinois State Board of Education for Approval................................................. 10 Assessment Performance Policy Issues................................................. 10 Recommendations for Improvement of Assessment Performance........................................ 10 General Accounting Office Report on the Illinois State Board of Education's Review of the 2012 Audit Report of the Superintendent of Schools.......................................... 11 Financial Oversight Committee Report on Independent Contractor Accountability............ 12 Report to be Submitted to the Illinois State Board of Education for Approval................................................. 13 Report on Oversight of Charter School Operators and the School Corporation Board................................ 13 Policy to Encourage and Support Student Achievement and Achievement Progress........................................................................................ 13 Audit Committee Policy Statement.................................................................................................. 13 Report to be Submitted to the Illinois State Board of Education for Approval................................................. 13 Budget Oversight Committee Report on Financial Oversight in Charter School Districts.......... 14 Policy to Encourage and Support School Reforms............................................................................... 14 Audit Committee Policy Statement.................................................................................................. 15 Summary Audit Findings................................................................. 15 Recommendations....................................................................................................... 15 Audited Financial Statements............................... 16 Independent Audit Committee Report............................................................................................................. 17 Summary Audit Findings................................. 18 Independent Review Committee Report....................................................................................................... 19 Summary Audit Findings...................................................... 19 Recommendations........................................................................................... 19 Audit Committee Policy Statement........................... 20 Independent School Fiscal Review Committee Report..................................................................................................... 20 Audit Committee Policy Statement........................... 21 Independent School Fiscal Oversight Committee Report on Management.................................................... 22 Report to be Submitted to the Illinois State Board of Education for Approval...................................... 23 Audit Committee Policy Statement..................................................... 23 Policy to Encourage School Improvement....................................................... 23 Policy to Encourage School Transformation..................................................................... 23 Performance Goals......................................................... 24 Management Recommendations......................................................... 25 Accountability and Responsibility to Parents for Educational Progress .............................. 25 Policy to Encourage School Reforms....................................................... 25 Audit Committee Policy Statement..................................................... 25 Implementation Plan.................................................. 26 Legislative History of School Accountability, Management and Education Reforms..................................................... 28 School Accountability, Management and Education Reforms in Illinois.............................................. 28 Summary of School Accountability Framework......................................................... 28 Background................................................................. 28 The Illinois State Board of Education's Responsibility to the Parents............................................. 29 The Illinois State Board of Education's Responsibility for Accountability and the Protection of Public School Children from Discrimination....................................................

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