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The Annual Financial Report for the Fiscal Year Ended June 30, 2015 was completed by Fechter & Company, Certified Public Accountants.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.clicking here.
In November 2013, the Board of Directors entered into an agreement with Capitol Public Finance Group, LLC to review the District's financial health and make recommendations on budgeting and management of its long term liabilities.
Click here for an overview of their findings.