Code 311

In accordance with state and federal statutes, policies, and guidelines, all financial records of SEDC will be audited following the close of each fiscal year.

The SEDC Executive Board will appoint an independent auditor, selected from the list provided by the State Auditor’s Office, to conduct the annual audit, which must show all monies collected and vouchers for moneys disbursed. The audit must also show a comparison of the disbursement with monies budgeted and must be completed in time to be submitted to the state auditor as required by law following the close of the fiscal year.

The independent audit will review and follow the fiscal recommendations submitted to the SEDC Executive Board in Report #04-01, by the Utah State Board of Education’s Performance Auditor in August of 2004.