The financial books and accounts of the district shall be audited annually by an independent certified public accounting firm, in conformance with prescribed standards and legal requirements. The appointment of an independent auditor by the Board of Education will be open to any qualified certified public accounting firm.

The initial selection of an auditor will be completed by the following process:

1. A Request For Proposal (RFP) will be solicited by the District Purchasing Department in conformance with applicable laws and regulations. This RFP will include all necessary specifications as determined by the Board of Education's Audit Committee and district staff including determining the qualifications of the prospective auditing firm and proposed cost.
2. The Audit Committee will review all RFP's received by the Purchasing Department and determine the three best proposals. These three firms will then be interviewed by the Board of Education for final selection. The technical ability and qualifications of the auditing firms considered for appointment would be determined as 70% of the selection criteria. The proposed cost of the audit would determine the other 30% of the selection criteria.

Auditor appointments will generally be for a four year period with the annual fee for each of the four years determined at the time of appointment. Annual fee increases in the three remaining years may be allowed in an amount not to exceed each year's inflation rate according to standard practice. Any increased fees for inflation or additional audit work required by new state or federal regulations may be approved by the Superintendent and Business Administrator. If the auditing firm does not agree with the fee proposed by the district administration, any additional fee would be presented to the Board of Education for their approval.

The Audit Committee will review the conduct of each annual audit and may recommend the new appointment of another auditor if they determine that an annual audit was not conducted in an acceptable manner. The new appointment would be conducted through the RFP process.

The Audit Committee may also recommend to the Board of Education the reappointment of an auditor for a subsequent four years. An RFP process must be solicited after the end of a second 4 year appointment.

The District Business Administrator shall be responsible for filing copies of the independent audit report with the proper authorities as prescribed by law.

Approved by the Board 11/1990