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FGCU trustees approve data-integrity audit for performance-based funding submissions
Summary
The Audit and Compliance Committee approved FGCU's Performance Based Funding Data Integrity Audit, finding no significant deficiencies after testing 7,914 data elements across five metrics; trustees were told the university's public scorecard dashboard will undergo a separate audit.
The Audit and Compliance Committee of the Florida Gulf Coast University Board of Trustees approved the university's Performance Based Funding (PBF) Data Integrity Audit at its virtual meeting on Feb. 6, 2025.
Director of Internal Audit Bill Foster told trustees the Office of Internal Audit tested 7,914 data elements across five PBF metrics (Metrics 3, 4, 5, 9a and 9b) drawn from seven of 13 submissions during the audit period and applied procedures designed to provide a 95 percent confidence level. Foster said the testing found no significant deficiencies and provided "reasonable assurance that the data submitted to the Board of Governors was complete, accurate and timely." He thanked Institutional Research staff for their cooperation and for demonstrating continuous improvement in the processes.
Trustee Peter Sulick asked whether the front-facing scorecard dashboard reflected the same certified data submitted to the Board of Governors and whether the dashboard's tracking data had been audited. Foster said a separate audit of the scorecard dashboard is under way. Eileen DeLuca, vice president of strategic initiatives and chief of staff, described the dashboard as showing certified (BOG-approved) figures alongside tracking (unofficial) data and said the OIA would audit the dashboard; she said the certified numbers on the dashboard are already approved by the Board of Governors and that tracking figures are real-time and not yet certified.
Trustee Peter Sulick moved to approve the PBF Data Integrity Audit; Trustee Luis Rivera seconded. Chair Joseph Fogg III called for a voice vote and the motion carried unanimously. The committee also approved the consent agenda (minutes of the Jan. 9, 2025 meeting) without discussion. Chair Fogg said the items voted on by the committee would be recommended for full Board consideration at the Feb. 13 meeting. The committee adjourned at 9:08 a.m.
