P.O. Box 202501 • Helena, MT 59620-2501

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Auditing

  • Information to Schools

    • Local Government Services Auditor Roster
    • School District Compliance Supplements
    • LGS Training Resources and Documentation
    • Miscellaneous Fund Tracking Sheet
    • Reconciliation of Cash to Treasurer
    • Segregation of Duties - Internal Controls
    • Student Activity Fund Worksheet
    • GASB Statement No. 84
  • Information to Auditors

    • 2020 Audit Letter
      • Appendix A - Required
      • Appendix B - Required
    • 2019 Audit Letter
    • FY 2017 TFS Reports
    • FY 2018 TFS Reports
    • FY 2019 TFS Reports
    • FY 2017 Budget Reports
    • FY 2018 Budget Reports
    • FY 2019 Budget Reports
    • FY 2020 Budget Reports
    • FY 2017 Student Enrollment
    • FY 2018 Student Enrollment
    • FY 2019 Student Enrollment
    • FY 2020 Student Enrollment
    • Prior Year Enrollment Information
    • FY 2018 Donated Commodities
    • FY 2019 Donated Commodities - Updated December 19, 2019
    • FY 2020 Donated Commodities
    • Appendix A: Enrollment Schedule
    • Appendix A: Enrollment Schedule - Excel Version
    • Paid Lunch Equity Letter School Year 2019-20
    • NEW! School Food Service Inventory Guidance
    • Audit Review Forms  - Local Government Services
    • Impact Aid FAQS
  • Resources

    • MCA 2-7-503 - Financial reports and audits of local government entities
    • MCA 2-7-514 - Filing of audit report and financial report
    • ARM 2-4-402  - REPORT FILING FEE
    • ARM 2-4-410 - REVIEW OF FINANCIAL STATEMENTS
    • Code of Federal Regulations, Title 2 - Grants and Agreements
    • Dan Moody, OPI Auditor, dan.moody@mt.gov or 406-444-0701

 

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:

Threshold

Contractor

Term

Comments:

(State law)

Review

Due June 30

*REVENUES (All Funds)

$750,000 or less

By Contracted Auditor
The OPI or Dept. of Administration will notify district. Contract must be done through the Dept. of Administration as 3rd party

One year at a time with a rotating 4-year schedule.

A review of procedures, especially for recording and reporting revenues and expenditures.

(State Law) Regular
(Yellow Book Audit)
Due June 30

*REVENUES (All Funds) More than $750,000

By Contracted Auditor
Dept. of Administration has standard contracts and a roster of authorized Auditors

Usually Annual

May be for two years, if approved by Department of Administration.

(Federal Law) Federal Audit

Due March 31

FEDERAL EXPENDITURES (Including USDA Commodities)
$750,000 or more

By Contracted Auditor
Department of Administration has standard contracts and a roster of authorized Auditors.

Annual

Regular Audit, plus additional procedures to review and report on federal programs.

 


School Finance


 

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