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).
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.