Policy 3124 – Annual Financial Audit

An annual certified financial audit of District accounts shall be made in accordance with state law.

The School Board shall be presented the final audit by November 1 of each year.

LEGAL REF.:

  • Wisconsin Statutes
    • Section 120.14   [Audit of school district accounts]
    • PI 14, Wisconsin Administrative Code   [School Finance; audits]

CROSS REF.:

  • 3110  Annual Operating Budget (Calendar)
  • 3121 Financial Accounting
  • 3321 Student Activity Funds
  • WUFAR Accounting Handbook

ADMINISTRATIVE REGULATIONS: None

AFFIRMED:  April 9, 1991

REVISED:

  • October 28, 2003
  • December 18, 2007

Rule 3124 – Annual Financial Audit

  1. The Executive Director of Business Services shall make arrangements for the annual financial audit of District accounts.
  2. The audit shall be made and certified by a certified accounting firm approved by the School Board.