Article 3 - Fiscal Management

3220 - The Conduct of an Independent Financial Audit

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: 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...

Financial Audit, Conduct of an Independent Financial Audit

3200 - Accounting System

The Business Administrator shall provide for and recommend a system of accounts for use by the School District which conforms with the principles, practices, and codes as established by the Federal Government and State Department of Education.

Accounting System

3130 - Investment Policy

PURPOSE AND PHILOSOPHYWeber School District believes in securing the maximum public benefit from the the deposit and investment of district funds. POLICYWeber School District shall follow the State Money Management Act cited in Utah Code 51-7. PROCEDURES Weber School District shall invest its funds in a fiscally prudent manner. The following priorities shall be followed: safety of principal, cash flow, liquidity, and then yield. The district shall allocate interest earnings or losses as they are realized, not less than annually. Maturity of investments in operating...

Money Management Act, Investment Policy

Article 3 - Fiscal Management