School Finance


FY2010-11 Federal A-133 Audits Due March 31, 2012

Wednesday, December 28, 2011, 9:00 am

A-133 "Federal" audits for FY2010-11 are due to the OPI by March 31, 2012. This affects districts and cooperatives that spent more than $500,000 of federal money (including USDA commodities) during FY2010-11.

 

For districts and cooperatives that spent less than $500,000 of federal funds and received more than $500,000 of revenue under all sources during that year, audits for FY2010-11 are due June 30, 2012.

 

Audited financial statements must comply with national reporting requirements passed by the Governmental Accounting Standards Board (GASB) under Statement No. 34. For more information about GASB 34, see the GASB 34 webpage at:  http://www.opi.mt.gov/Finance&Grants/SchoolFinance/  

Click on Accounting (left side of screen), then click on the GASB34 tab.

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