Wis. Stat. § 120.14
Audit of school district accounts
Redline — January 1, 2003 → current.View current text →
Current — January 1, 2015
As of January 1, 2003
In a common or union high school district:
In a common or union high school district:
(1) At the close of each fiscal year, the school board of each school district shall employ a licensed accountant to audit the school district accounts and certify the audit. The audit shall include information concerning the school district's self-insurance plan under s. 120.13 (2) (b) , as specified by the commissioner of insurance. If required by the state superintendent under s. 115.28 (18) , the audit shall include an audit of the number of pupils reported for membership purposes under s. 121.004 (5) . The cost of the audit shall be paid from school district funds. Annually by September 15, the school district clerk shall file a financial audit statement with the state superintendent.
(1) At the close of each fiscal year, the school board of each school district shall employ a licensed accountant to audit the school district accounts and certify the audit. The audit shall include information concerning the school district's self-insurance plan under s. 66.0137 (4m) or 120.13 (2) (b) , as specified by the commissioner of insurance, and information about expenditures for community programs and services under s. 120.13 (19) . If required by the state superintendent under s. 115.28 (18) , the audit shall include an audit of the number of pupils reported for membership purposes under s. 121.004 (5) . The cost of the audit shall be paid from school district funds. Annually by September 15, the school district clerk shall file a financial audit statement with the state superintendent.
(3) The annual meeting may authorize and direct an audit of the school district accounts by a certified public accountant licensed or certified under ch. 442 .
(3) The annual meeting may authorize and direct an audit of the school district accounts by a certified public accountant licensed or certified under ch. 442 .
(4) The department shall establish by rule a standard contract and minimum standards for audits performed under this section.
(4) The department shall establish by rule a standard contract and minimum standards for audits performed under this section.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.