September
From August Year-End Doc —→
The following business tasks have been identified for the month of November. Use the checklist to ensure that the tasks are addressed, if applicable.
❏ Coordinate the completion of audit for the June 30th audit preparation (no later than Nov 27th).
- Review the audit draft and pay particular attention to items that impact the FIRST rating such as: unmodified audit opinion, no material weaknesses in internal controls, no instances of noncompliance material to financial statements, and net assets is positive on Statement of Net Assets.
- Important dates report will be delivered to the school board.
- Verify whether the auditor or LEA will electronically submit the audit to TEA.
- Verify if the auditor will send to MAC if the LEA has outstanding bonds and if any other entities need to receive a copy of the audit (grant agencies, etc.).
- Publish audit Statement of Revenues, Expenditures, and Changes in Fund Balances in the local newspaper.
- Post audit opening balances, if needed.
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