Finances play an integral role in support of public education in Utah. School Districts and Charter Schools spent $4.9 billion in the fiscal year ended June 30, 2011. Each school district and charter school accounting must comply with generally accepted accounting principles, (GAAP) established by the Governmental Accounting Standards Board (GASB). The accounting methods must be capable of producing financial reports that conform with GAAP and the legal requirements of Utah.
This section will link you to legal references, chart of accounts, prior year financial summaries of the Annual Financial Report (AFR) and Annual Program Report (APR), indirect cost rates, and other finance matters relating to public education in Utah.
Utah public schools operate on a July 1 to June 30, fiscal year. Each school district and charter school is responsible for submitting the AFR and APR by October 1st following the close of the fiscal year. The annual audit report including a single audit is due November 30th.
Additional information can be found in the Annual Report of the State Superintendent of Public Instruction.