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The Board Member's Guide to a School District Audit Report

5 Tips to Get the Most Out of Your Statement

With new standards that have been implemented in recent years, school district financial statements SD-Audit-Report-Webare now averaging almost 100 pages long. This can be quite daunting when you first pick up the statement to read about the financial health of your school district. Here are 5 key areas to focus on to get the most value out of your review of the financial statements.

  1. Schedule of Findings and Questioned Costs
  2. General Fund Budget to Actual Schedule
  3. Fund Balance
  4. Pension and Other Post Employment Benefit Liabilities
  5. Management Discussion and Analysis

Click here to download the complete handout on The Board Member's Guide to a School District Audit Report.

For additional information contact us at info@herbein.com. Handout prepared by Nicholas Bieber.