- Fiscal Management
File: DIE (pdf)
Adopted: Date of manual adoption
Revised: April 13, 2004, June 9, 2009
In accordance with state law, all funds and accounts of the District shall be audited annually, following the close of the fiscal year.
At least once every five years, the Board shall issue a request for proposal (RFP) or use some other similar process for selection of an independent auditor licensed to practice in Colorado and knowledgeable in government accounting to conduct the audit. The independent auditor also shall audit the activities accounts of the District for report to the Board.
The auditor shall meet with the Board and the Audit Committee to discuss the audit report, make recommendations concerning its accounting records, procedures and related activities as may appear necessary or desirable and shall perform such other related services as may be requested by the Board.
The audit report shall be completed and submitted by the Auditor to the District within five months after the close of the fiscal year unless a request for an extension of time is granted by the State Auditor. The audit report shall be submitted to the State Auditor and the Colorado Department of Education no later than December 31.
The Board reserves the right to request an audit at more frequent intervals if desired.
C.R.S. § 22-32-109(1)(k) (Board of Education-specific duties)
C.R.S. § 24-75-601.3 (Remedial actions - investments not made in conformance with statute
C.R.S. § 29-1-601, et seq. (Local government audit law)
End of File: DIE