School Finance

FY2009-10 Federal A-133 Audits due March 31, 2011

Tuesday, March 1, 2011, 9:57 am

A-133 "Federal" audits for FY2009-10 are due to OPI by March 31, 2011.  This affects school districts and cooperatives that spent more than $500,000 of federal money (including USDA commodities) during FY2009-10.

For districts and cooperatives that spent less than $500,000 of federal funds and received more than $500,000 of revenue from all sources during FY2009-10, audits are due June 30, 2011.

Audited financial statements must comply with national reporting requirements passed by the Governmental Accounting Standards Board (GASB).

For more information, contact Rebecca Phillips, (406) 444-0783