To review the funds and accounts of the school district, the board shall employ an auditor to perform an annual audit of the financial affairs of the school district. A contract for auditing service must be signed by the board president or designee. The administration shall cooperate with the auditors. Audits for previous year financial fund and account activities must be completed and an oral presentation of the auditor’s report must be made at a regularly scheduled board meeting. The superintendent must approve all responses made to auditor findings.
Legal Reference: Iowa Code 11.6 (2003).
Cross Reference: 701 Financial Accounting System 707 Fiscal Reports
Approved Dec. 12, 2005
Reviewed November 21, 2023
Revised February 9, 2009