The three school district USFR compliance status determinations are compliant, marginally compliant, and noncompliant as described below. Each district’s compliance status is determined based on our review of the district’s audit reports, financial statements, and USFR Compliance Questionnaire prepared by an independent audit firm.
Compliant: Substantially complied with the financial and internal control requirements prescribed in the USFR.
Marginally compliant: Substantially complied with the financial and internal control requirements prescribed in the USFR, but the district was notified about the need to address existing deficiencies to continue to comply with the USFR in future years.
Noncompliant: Did not substantially comply with the financial and internal control requirements prescribed in the USFR or the district has not submitted its most recently required audit.
Each year that the district receives an audit, district management should take the actions listed below to help ensure any issues noted in the audit are addressed. Districts that are marginally compliant or noncompliant should focus their corrective actions first on any specific, significant areas noted in related correspondence from our Office. Noncompliant districts will be required to submit the corrective action plan described below to our Office as part of the follow-up process.
- Review the audit reports and USFR compliance questionnaire to note any deficiencies
- Identify the requirements that were not met that resulted in the deficiencies
- Discuss possible corrective actions with the district’s auditor or our Office if there are questions on how to correct a deficiency
- Develop and implement a corrective action plan that includes:
- Specific corrective actions broken into steps and assigned to individuals
- Names of the individuals responsible for taking those actions
- Specific procedures that will be used to verify corrections have been made
- Names of the individuals that will verify the corrective actions taken by others
- Timeline for correction and verification to be completed
Video – Click here to access a video designed to help districts prepare an effective corrective action plan.
Template – Click here to access a corrective action plan template in Microsoft Excel that districts may use as a starting point for developing a corrective action plan.