FINANCIAL FACTS
QUESTION?
What is the difference between the district's budget and audit?
ANSWER:
The school is on a fiscal calendar that runs from July 1 to June 30.
The budget is a document that transforms the educational plan into dollars and cents for the upcoming fiscal year. It is a financial picture of how the Board of Education expects to spend the dollars it receives based upon a set of priorities.
The audit is completed by an independent Certified Public Accountant (CPA) for the prior fiscal year. It is an examination of the records, books of accounts, vouchers, deposits, and other records of the district for the purpose of testing accuracy, and authenticity.