Charter School Updates

2016 Charter School Audit Guide Update
September 29, 2016

Changes were made to the Charter School Audit Guide in fiscal year 2016. They consist of the increase in the threshold from $500K to $750K for a Uniform Guidance audit (formerly an OMB Circular A-133 audit). The sample financial statements have been revised to satisfy these changes, as well as Government Accounting Standards Board (GASB) No. 68 requirements (on-behalf of pension).


2016 Charter School End of Year Financial Report (CSEOYFR) Update
September 28, 2016

Changes were made to the CSEOYFR to improve and provide more relevant and helpful examples for the line items. In addition, Schedule 7C, transportation was revised, as it will now be customized to automatically populate the amounts to minimize errors. In addition, each school’s CSEOYFR template was uploaded into the drop box prior to September 1st. The fiscal year 2016 CSEOYFR will be due on Wednesday, November 23, 2016.

For additional information please contact us.

Charter School Deadlines

Be aware of the critical dates that pertain to charter schools

November 1st – Audit reports are due to the Massachusetts Department of Elementary and Secondary Education (DESE). 

December 2, 2019 – Charter School End of Year Financial Report due to DESE.