Information to Schools

Information to Auditors

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:

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.