School Finance


Contract Soon for FY2010 Audits

Wednesday, September 1, 2010, 9:38 am

If you haven't already done so, please contact your auditor soon to arrange an audit of FY2010.  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 by March 31, 2011.

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 audits are due to OPI by June 30, 2011).

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 financial reviews are due to OPI by June 30, 2011.

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