804 Financial Reporting

804.1 Financial Reports

The Board secretary and/or treasurer shall report to the Board each month the receipts, disbursements, and balances of the various funds. This report shall be in written form and sent to the Board with the agenda for the Board meeting.

Each month the schedule of bills allowed by the Board is published in a newspaper designated as a newspaper for official publication. Annually, the total salaries paid to employees regularly employed by the District will also be published in a newspaper designated as a newspaper for official publication.

The Board shall cause to have published the proceedings of each regular or special meeting after the adjournment of such meetings. The secretary shall furnish a copy of the proceedings within two (2) weeks following the adjournment of the meeting.

It is the responsibility of the Board secretary and/or treasurer to publish these reports in a timely manner.

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Approved: 11/14/67

Reviewed: 3/11/19

Revised: 5/14/12; 7/8/13

804.2 Audit

To review the funds and accounts of the District, the Board shall employ an auditor to perform an annual audit of the financial affairs of the District. The Superintendent shall use a request for proposal procedure in selecting an auditor. The administration will cooperate with the auditors. Such annual audit reports shall remain on permanent file in the central office of the District.

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Approved: 11/14/67

Reviewed: 3/11/19

Revised: 5/14/12; 7/8/13