Management of District Assets / Accounts

BP 3400.00

MANAGEMENT OF DISTRICT ASSETS/ACCOUNTS

Accounting Systems 

The Superintendent or designee shall provide ongoing internal accounting controls and a means for the accounting of income and expenditures as outlined in the adopted budget.

 (cf.  3440 - Inventories)

Audits 

The Board shall provide for an annual audit of district accounts by a certified public accountant who has no personal interest in district fiscal affairs.  The audit shall be conducted in accordance generally acceptable auditing standards and the requirements of federal and state law and regulations. 

Legal Reference:

ALASKA STATUTES
14. 08.111  Duties (Regional School Boards)

14.14.050  Annual Audit
14.14.060  Relationship between borough school district and borough
14.14.065  Relationship between city school district and city
14.17.082  Fund balance in school operating fund

ALASKA ADMINISTRATIVE CODE
4 AAC 06.120  Accounting and audit manuals, charts of accounts, code descriptions

4 AAC 06.121  Annual financial reporting requirements
4 AAC 09.130  School district audit
4 AAC 09.160  Fund balance

 

KETCHIKAN GATEWAY BOROUGH SCHOOL DISTRICT
Adoption Date:  10/13/99

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