SUPPLEMENTAL DISTRICT FINANCIAL INFORMATION
Elementary and Secondary School Emergency Relief (ESSER) Funds: Federal funds granted to states to address the impact of COVID-19 on elementary and secondary schools.
School District Budget
2023-24 Coeur d'Alene School District Budget
Annual Audit Report
Reporting financial information on an annual basis is controlled by regulations adopted by the State Board of Education and by section 33-701 (5) of the Idaho Code. As per regulation, a school district is required to submit to the Department of Education, on or before September 30, an annual report. The content of this report is based on the accounts funds operated by the school district and reported on a fiscal year which shall include the dates of July 1 through June 30th.
An Annual audit is the final financial report for the fiscal year. It is a full and complete report submitted in compliance with Idaho code 33-701 (6). Specific requirements of the law include:
- An independent auditor shall be employed on a written contract.
- All funds shall be audited, including student activity funds.
- The audit shall be made in accordance with generally accepted accounting standards and procedures.
- The completed audit report shall be accepted by the Board of Trustees.
- Copies of the audit report shall be filed with the State Department of Education and the State Legislative Auditor no later than October 15th.
The purpose of the audit is to determine whether financial operations are conducted properly; financial statements are presented fairly; compliance exists with laws and regulations affecting the expenditure of special revenue funds; internal controls have been established to meet the objectives of federal, state, and local regulations; and accurate and reliable information is being provided to the public and government agencies.
Monthly financial reports are prepared for the Board of Trustees and the general public. We call this report: The Treasurer's Report. The Treasurer's Report includes a statement of revenues and expenditures with budget comparisons and a monthly bill payment list. It is presented by the Business Manager during the first School Board Meeting of the month.
Join us for a board meeting, generally held the first Monday of every month at 5 pm at Midtown Center [1505 N. 5th Street]. Click here to learn more about our board meetings.