Notice of Petition to Amend Policy: Financial Audit Review (FAR) Report Technical Guide

The District of Columbia Public Charter School Board (DC PCSB) announces an opportunity for the public to submit comment on the Technical Guide for the Fiscal Year 2016 Financial Audit Review Report .

Each DC public charter school is required to conduct annually a thorough audit of its finances and operations, conducted by a third-party auditor, chosen by the school from a list of approved auditors selected by DC PCSB, the Office of the Chief Financial Officer (OCFO), and the Office of the State Superintendent of Education (OSSE). DC PCSB, with support and counsel from OCFO and OSSE, analyses and summarizes the information in these audits to produce the Financial Audit Review (FAR) Report that presents consistent and transparent information about DC public charter schools’ finances and operations. The FAR Technical Guide outlines DC PCSB’s process for producing the FAR Report. It was created so that school leaders, data managers, families, and other stakeholders would understand the FAR Report’s content, methodology, and scope.