School Finance


Contract Soon for FY2010-11 Audits

Tuesday, August 30, 2011, 4:23 pm

If you haven't already done so, please contact your auditor soon to arrange an audit of FY2010-11. School districts and special education cooperatives that spent more than $500,000 of Federal assistance last fiscal year, including USDA commodities, must submit an "A-133" (aka "Federal") audit report for FY2010-11 by March 31, 2012.

 

Districts and special education cooperatives that spent less than $500,000 of Federal

assistance and had $500,000 or more of total revenues in all funds combined must have a "regular" audit and submit a report to OPI within one year of the close of the fiscal year (i.e., FY2010-11 audits are due to OPI by June 30, 2012).

 

Very small districts with less than $500,000 of total revenues in all funds combined must have a "financial review" every four years upon OPI request. FY2010-11 financial reviews are due to OPI by June 30, 2012.

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