January 25, 2011
Status:
Approve the audited Comprehensive Annual Financial Report for the year ended June 30, 2010.
The audited Comprehensive Annual Financial Report (CAFR) is prepared in accordance with Generally Accepted Accounting Principles. The CAFR will be submitted to both the Association of School Business Officials International (ASBO), and the Government Finance Officers Association (GFOA), for consideration of the Certificate of Excellence and the Certificate of Achievement for Excellence in Financial Reporting awards. In order to be awarded these respective Certificates, the District must publish an easily readable and efficiently organized report. The District has received the Certificate of Excellence for the preceding twenty-seven years from ASBO and has received the Certificate of Achievement for Excellence for the preceding fourteen years from GFOA. The CAFR was reviewed and approved by the Audit Committee on December 13, 2010. In addition, our external auditors have audited the financial statements and have rendered an unqualified opinion.
There is no financial impact to the district.
Requested Action
Approve the audited Comprehensive Annual Financial Report for the year ended June 30, 2010.
Summary
The audited Comprehensive Annual Financial Report (CAFR) is prepared in accordance with Generally Accepted Accounting Principles. The CAFR will be submitted to both the Association of School Business Officials International (ASBO) and the Government Finance Officers Association (GFOA) for consideration of the Certificate of Excellence and the Certificate of Achievement for Excellence in Financial Reporting awards. In order to be awarded these respective Certificates, the District must publish an easily readable and efficiently organized report. The District has received the Certificate of Excellence for the preceding twenty-seven years from ASBO and has received the Certificate of Achievement for Excellence for the preceding fourteen years from GFOA. The CAFR was reviewed and approved by the Audit Committee on December 13, 2010. In addition, our external auditors have audited the financial statements and have rendered an unqualified opinion.
School Board Goals
| Goal Four: Innovation (2008-2011) | ||
| Goal One: Student Achievement (2008-2011) |
Financial Impact
There is no financial impact to the district.
Source of Additional Information
Oleg Gorokhovsky 754 321-8250
Associated File Attachments
 |
fy2010_cafr (Files) | |
|
|
ExecutedARF (Files) |