Annual Audit and Trial Balance. The School shall undergo an independent financial audit conducted in accordance with governmental accounting standards performed by a certified public accountant each fiscal year. A draft of the results of the audit shall be provided to the District in written form by October 15 of each year. The School shall pay for the audit. The final audit shall be provided to the District on or before October 31. If, for causes within the School’s control, the audit is not provided to the District by October 15 and October 31 of each year as outlined above, it shall be considered a material breach of contract, and the School shall have ten (10) business days, or such other time as the Parties may agree, to cure such breach. If the failure to provide the audit to the District by October 31 is due to causes beyond the School’s control, the School shall nevertheless use its best efforts to provide the audit to the District at the earliest possible time. The School shall comply with all deadlines as set by CDE and the District. Any requests for extensions must be approved by the District.
Annual Audit and Trial Balance. The School will undergo an independent financial audit conducted in accordance with governmental accounting standards and GASB #34 performed by an independent certified public accountant each fiscal year. The results of the final audit will be provided to the Institute in accordance with the CSI online compliance calendar (or its replacement). The School will pay for the audit. In addition, the School will transmit the final trial balance to the Institute using the CDE chart of accounts in accordance with the CSI online compliance calendar (or its replacement). If such audit and final trial balance is not received in accordance with the CSI online compliance calendar (or its replacement), such failure will be considered a material breach of Contract and the School will have 10 business days, or such other time as the parties may mutually agree, to cure such breach.
Annual Audit and Trial Balance. The School shall undergo an independent financial audit conducted in accordance with governmental accounting standards and GASB No. 34 performed by an independent certified public accountant each fiscal year. The results of the final audit will be provided to the Institute in accordance with the CSI online compliance calendar (or its replacement). The School will pay for the audit. In addition, the School will transmit the final trial balance, in a format provided by the Institute, to the Institute using the CDE chart of accounts in accordance with the CSI online compliance calendar (or its replacement). If such audit and final trial balance is not received in accordance with the CSI online compliance calendar (or its replacement), such failure will be considered a material breach of Contract, and action will be initiated as necessary and in accordance with the procedures described in the Institute’s school compliance policy and CSI rules.
Annual Audit and Trial Balance. The School will undergo an independent financial audit conducted in accordance with governmental accounting standards and GASB #34 performed by an independent certified public accountant each fiscal year. The results of the final audit will be provided to the Institute by October 31 of each year. The School will pay for the audit. In addition, the School will transmit the final trial balance to the Institute using the CDE chart of accounts by October 31 of each year. If such audit and final trial balance is not received by the Institute by October 31, such failure will be considered a material breach of Contract and the School will have 10 business days, or such other time as the parties may mutually agree, to cure such breach.
Annual Audit and Trial Balance. The School shall undergo an independent financial audit conducted in accordance with governmental accounting standards performed by a certified public accountant each fiscal year. The School shall provide information required for the annual audits in accordance with the District’s closing schedule and reporting deadlines, and adequate documentation to support financial information required for the audits, in a format prescribed by the auditor. A draft of the results of the audit shall be provided to the District in written form by October 15 of each year. The School shall pay for the audit. The final audit shall be provided to the District on or before November 15. If, for causes within the School’s control, the audit is not provided to the District by October 15 and November 15 of each year as outlined above, it shall be considered a material breach of this Contract, and the School shall have five (5) business days, or such other time as the Parties may agree, to cure such breach. If the failure to provide the audit to the District by November 15th is due to causes beyond the School’s control, the School shall nevertheless use its best efforts to provide the audit to the District at the earliest possible time. The School shall comply with all deadlines as set by CDE and the District. Any requests for extensions must be approved by the District.
Annual Audit and Trial Balance. The School shall undergo an independent financial audit conducted in accordance with governmental accounting standards performed by a certified public accountant each fiscal year. The results of the audit shall be provided to the District in written form by October 15 of each year. The School shall pay for the audit. In addition, the School shall transmit the final trial balance to the District using the Colorado Department of Education ("CDE") chart of accounts with the submission of the annual independent financial audit. If such audit is not received by October 30th of each year, it shall be considered a material breach of contract and the School shall have ten (10) business days, or such other time as the Parties may agree, to cure such breach. If the failure to provide the audit to the District by October 15 is due to causes beyond the School’s control, the School shall nevertheless use its best efforts to provide the audit to the District at the earliest reasonably possible time.
Annual Audit and Trial Balance. The School shall undergo an independent financial audit conducted in accordance with governmental accounting standards performed by a certified public accountant each fiscal year. The District will timely provide to the School any information or documentation exclusively in the District’s possession and needed for the School’s audit. The results of the audit shall be provided to the District in written form by the deadline in Section 2.2 (D). The School shall pay for the audit. In addition, the School shall transmit the final trial balance to the District in formatted Excel spreadsheet compatible with the CDE Data Pipeline and with School codes with the submission of the annual independent financial audit. If such audit is not received each year by the deadline in Section 2.2 (D), it shall be considered a material breach of Contract and the School shall have ten (10) business days, or such other time as the Parties may agree, to cure such breach. However, if the audit is not received because the District has not provided the School information or documentation exclusively in the District’s possession and needed for the School’s audit, the District and not the School, shall have materially breached this Contract and shall have ten (10) business days, or such other time as the Parties may agree, to cure such breach.
