BVSD Board of Education · Document
DIE March 2026.pdf (49 KB)
Regular Meeting, March 10, 2026 · item 10.2: Board Policy DIE, Audits · 2 pages
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Boulder Valley School District File: DIE Adopted: Date of manual adoption Revised: April 13, 2004, June 9, 2009, March 10, 2026
AUDITS In accordance with state law, all funds and accounts of the School District shall be audited annually, following the close of the fiscal year. The audit shall comply with generally accepted auditing standards and expectations for public entities. At least once every five years, the Board shallreview whether toissue a request for proposal (RFP) or use some other similar process for selection of an independent auditor licensed to practice in Colorado and knowledgeable in government accounting to conduct the audit.If the Board does not issue an RFP, the Board will at a minimum change the principal auditor conducting the audit in order to enhanceindependence and objectivity. The independent auditor also shall audit the activities accounts of the School District for report to the Board. The auditor shall meet with the Board and the Audit Committee to discuss the audit report, make recommendations concerning its accounting records, procedures, and related activities as may appear necessary or desirable and shall perform such other related services as may be requested by the Board. The audit report shall be completed and submitted by the Auditor to the School District within five months after the close of the fiscal year unless the State’s deadline is extended. The School District shall submit the audit reportshall be submittedto the State Auditor and the Colorado Department of Educationwithin 30 days after the final audit report is receivedno later than December 31unless the State’s deadline is extended. The Board reserves the right to request an audit at more frequent intervals if desired.
LEGAL REFS.: C.R.S. § 22-32-109(1)(k)(Board of Education-specificduties) C.R.S. § 24-75-601.3(Remedial actions - investmentsnot made in conformance with statute) C.R.S. § 29-1-601(Local government audit law) CROSS REF:
BDFG, Audit Committee¶
End of File: DIE