AUDITS/FINANCIAL MONITORING

The school system’s books shall be audited annually by the Maine Department of Auditors or by an outside auditor approved by the Board, based on the July 1 to June 30 fiscal year. The Superintendent/designee shall be responsible for working with auditors in their conduct of annual or other audits as required.

The Superintendent shall provide a copy of the auditor’s report to each member of the Board. At the first regular meeting of the Board following receipt of the auditor’s report, or as soon as practicable thereafter, the Superintendent shall inform the Board regarding areas of concern identified by the auditor.

Legal Reference: 20-A MRSA § 6051 et seq.

Adopted: 1-5-99

Revised: December 9, 2019