School Finance


FY2011-12 Federal A-133 Audits Due March 31, 2013

Thursday, December 27, 2012, 1:39 pm

 

A-133 "Federal" audits for FY2011-12 are due to the OPI by March 31, 2013. This affects districts and cooperatives that spent more than $500,000 of federal money (including USDA commodities) during FY2011-12. 

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 FY2011-12 are due June 30, 2013. 

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: Montana Schools Auditing Requirements.

For more information, contact Steve Hamel, (406) 444-0783