Common use of DISTRICT REPORTING Clause in Contracts

DISTRICT REPORTING.  FINANCIAL REPORTING TO DISTRICT GASB Statement No. 39 of the Governmental Accounting Standards Board requires the District to obtain and review financial performance information of supporting organizations to determine whether these organizations should be considered a component unit.  To this end, booster clubs are required to submit to the Director of Internal Audit end-of-year financial statements (including balance sheet and income statement). Financial Statements should be submitted by July 31 each year.  A copy of the final audit report should be submitted at the end of the year as well.

DISTRICT REPORTING.  FINANCIAL REPORTING TO DISTRICT GASB Statement No. 39 of the Governmental Accounting Standards Board requires the District to obtain and review financial performance information of supporting organizations to determine whether these organizations should be considered a component unit.  • To this end, booster clubs are required to submit to the Director of Internal Audit end-of-year financial statements (including balance sheet and income statement). Financial Statements should be submitted by July 31 each year.  • A copy of the final audit report should be submitted at the end of the year as well.