For assistance contact Kristen Becker, Auditor at (406) 444-0701

 

Information to Schools

Information to Auditors

Resources

Audit Processes 

The audit type required is listed in the 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 the 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
Dept. of Administration has standard contracts and a roster of authorized Auditors		 Annual Regular Audit, plus additional procedures to review and report on federal programs.