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Reporting Requirements: Annual Financial Audit

The Audit Report should include the accountant’s report on compliance and internal controls and include, if applicable:

• Management Letter
• Management Letter Response
• Corrective Action Plan
• Federal Single Audit (Uniform Guidance – 2 CFR Part 200, Subpart F)
• Form 990 or Extension

Schools and their Auditors are required to use the Institute’s Audited Financial Report template, which includes a Transmittal Form and FOUR schedules for fiscal data, to satisfy this requirement.

The report is due within 120 days of the end of the school’s first year. All reports received by November 1 are considered filed on time.

Additional Details
If the report will not be submitted by the due date, please e-mail a “Request for Extension” (including a reason why) before the due date to [email protected].

Submit to: State Education Department; Charter Schools Institute via Epicenter