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Information to Schools
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Information to Auditors
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Resources
Audit Processes
The audit type required is listed table below. This list is based on state and federal laws.
Type of Audit or Review Required:
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Threshold
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Contractor
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Term
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Comments:
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(State law)
Review
Due June 30
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*REVENUES (All Funds)
$750,000 or less
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By Contracted Auditor
The OPI or Dept. of Administration will notify district. Contract must be done through the Dept. of Administration as 3rd party
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One year at a time with a rotating 4-year schedule.
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A review of procedures, especially for recording and reporting revenues and expenditures.
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(State Law) Regular
(Yellow Book Audit)
Due June 30
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*REVENUES (All Funds) More than $750,000
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By Contracted Auditor
Dept. of Administration has standard contracts and a roster of authorized Auditors
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Usually Annual
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May be for two years, if approved by Department of Administration.
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(Federal Law) Federal Audit
Due March 31
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FEDERAL EXPENDITURES (Including USDA Commodities)
$750,000 or more
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By Contracted Auditor
Department of Administration has standard contracts and a roster of authorized Auditors.
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Annual
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Regular Audit, plus additional procedures to review and report on federal programs.
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