Annual Audits in Minnesota
Here at School Management Services, we are happy to help school districts throughout the state of Minnesota to better budget and plan financially. One of the best ways we do this is through annual audits. Audits can review your entire district’s financial books and records to make sure that everything is being done properly.
An annual audit from our experts can correct financial mistakes and also find weak points in your process that can be ironed out to optimize the way you work in the future. Learn more about the different auditing options we offer below.
Our auditing services
- Planning & Coordination
- Property Taxes
- State Aids
- Federal Grants
- Reconcile Trial Balance
- Prepare Supporting Schedules
Planning & Coordination – SMS will maintain communications with the district auditor and key district staff to facilitate the timely completion of the annual audit. Timely audit completion translates into savings in audit fees for the district.
Audit Schedules – SMS will prepare the annual audit schedules required by auditors. Such schedules include property taxes, state aids, federal grants, budget reconciliation, general ledger account reconciliation, etc. Accurate completion of these schedules by SMS will translate into an efficient audit and savings in audit fees for the district.
Auditor Experience
– SMS has worked with several of the leading auditors of Minnesota school districts and is an expert in what constitutes high-quality auditor services.
