Salt Lake City School District (Utah). Office of Accounting25124--Annual audits
AGENCY: Salt Lake City School District (Utah). Office of Accounting
TITLE: Annual audits
DESCRIPTION: These are reports prepared by external auditors examining and verifying the school district's financial activities for the year. "The audit required for any fiscal year shall be completed within six calendar months after the close of the fiscal year" (UCA 51-2-2 (1995)). The audit is required to include "the financial statements; the auditor's opinion on the financial statements; a statement by the auditor expressing positive assurance of compliance with state fiscal laws identified by the state auditor; a copy of the auditor's letter to management that identified any material weaknesses in internal controls discovered by the auditor and other financial issues related to the expenditure of funds received from federal, state, or local governments to be considered by management; and management's response to the specific recommendations" (UCA 51-2-3(1) (1995)).
Retain 5 years.
Transfer to the State Archives with authority to weed.
Paper: Retain in Office for 5 years or until microfilmed and then destroy provided microfilm has passed inspection.
Microfilm master: Retain in State Archives permanently.
This disposition is based on Utah School Districts General Retention Schedule, Schedule 5, Item 4.