Internal Controls Requirements

Does your LEA want to self-certify for a micro-purchase threshold above $10,000, and you must complete an internal organizational risk assessment because your LEA is not required to conduct a Single Audit? Attend this workshop to receive the resources and knowledge needed for your LEA to conduct an internal organizational risk assessment of your internal controls to identify, mitigate, and manage financial risk. As a LEA receiving federal funds, strong and effective internal controls in one of the organization-wide pillars required for state and federal grant management.

Are you looking to enhance the foundations of your LEA’s internal controls? Join us for an interactive workshop led by Cal Lopez, TEA's Federal Compliance Officer, as we explore the keys to internal controls and how they can be effectively implemented within your organization. Through practical activities, discussions, and access to valuable resources, you will gain the knowledge and skills needed to be in compliance with federal requirements per 2 CFR 200.303, which says you “must establish, document, and maintain effective internal controls over the Federal award that provides reasonable assurance that…” Participants will learn stellar best practices to take the anxiety out of maintaining compliance, including documentation.

Learning Objectives:

1. Understand the purpose and three types of internal controls and their relevance to grant management.
2. Gain knowledge of the essential facts and strategies for building and maintaining effective internal controls.
3. Enhance efficiency and compliance by learning effective change management, communication, and training techniques.
4. Learn from shared best practices and experiences of other LEAs to improve your internal controls approach.
5. Receive answers to your pressing or nuanced internal controls requirements questions from a federal compliance expert.

Participants are encouraged to bring their laptops or portable devices to actively participate in this interactive session. This workshop is designed for team participation, so we recommend having key stakeholders from your LEA, such as internal auditors, grant managers, business managers or CFOs, and superintendents responsible for approving and monitoring these activities, in attendance. Please consider coming prepared by knowing where and how to access any documented internal controls your LEA may already have in place plus your current written grant and financial procedures, as well as having ready any pressing or nuanced questions regarding internal controls.