Review Agenda Item
Meeting Date: 2/17/2022 - 7:00 PM
Category: Information and Study Items
Type: Action
Subject: Budget: 2020-21 Audited Financial Statements
District Priorities:
Enclosure
File Attachment:
Cambrian School District 2021 Final 2020 Measure R Fund.pdf
Cambrian SD 2021 Final Financial Statements.pdf
Cambrian School District 2021 Final Governance Letter.pdf
Education Code 41020.3.pdf
Summary: The purpose of an external audit is to provide an objective independent examination of the District's financial statements and to issue a formal report. The report includes aspects of the district's financial statements and whether they are presented accurately and fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America.

Education Code 41020.3 requires that each school district Governing Board shall review, at a public meeting, the annual audit of the local educational agency for the prior year. The 2020–21 fiscal year is required to be reviewed by February 28, 2022.
Funding:
Recommendation: The Governing Board accept the audited financial statements for for the District and Measure R for the 2020-21 fiscal year.
Approvals:
Recommended By:
Signed By:
Carlena Grandey - Administrative Assistant to the Superintendent
Signed By:
Kristi Schwiebert - Superintendent