Minnesota Legal Compliance Audit Guide for Local Government - Section 8

LEGAL COMPLIANCE MANUALUNIFORM FINANCIAL ACCOUNTING AND REPORTING STANDARDS (UFARS)FOR MINNESOTA SCHOOL DISTRICTS AND CHARTER SCHOOLSIntroductionMinnesota law requires that the audits of all school districts, all governmental unitsformed by joint powers agreements entered into by school districts, and all servicecooperatives and education districts must include a determination of compliance withuniform financial accounting and reporting standards (UFARS). Minn. Stat. §§ 6.65;123B.77, subd. 5 (1998). This requirement applies to charter schools under Minn.Stat. § 124D.10, subd. 8.Minn. Stat. § 6.65 states (emphasis added):The st ate auditor shall prescribe minimum procedures and the audit scope forauditing the books, records, accounts, and affairs of local governments inMinnesota. The minimum scope for audits of all counties and localgovernments must include financial and legal compliance audits. Audits of allschool districts must include a determination of compliance with uniformfinancial accounting and reporting standards. The state auditor shallpromulgate an audit guide for legal compliance audits, in consultation withrepresentatives of the state auditor, the attorney general, towns, cities,counties, school districts, and private sector public accountants.Minn. Stat. § 123B.77, subd. 3, states (emphasis added):On November 30 of the calendar year of the submission of the unauditedfinancial data, the dist rict must provide t o t he commissioner ...