Purpose: The Audit Committee works with the Business Manager for selection of an audit firm; works with the auditor and Business Manager to establish time lines for completion of the district audit; reviews the draft financial statements prior to presentation of the audit to the Board of Trustees; and makes recommendations for improvement to the comprehensive annual financial report.
Meetings: The Committee meets with the Business Manager and the auditor in the spring to set the time line for the audit and in the fall to review draft financial statements. In the year the District requests proposals for the audit, the Committee will meet regularly in the spring to review proposals from auditing firms.
Membership: The Committee is made up of three members of the community who have expertise in governmental accounting and financial reporting standards, the Business Manager, and a representative from the auditing firm.
Reports To: Superintendent