INTEGRITY EDUCATIONAL CENTER

UDIT ASSURANCE
K: FINANCIAL CAPACITY
Integrity educational Center guarantees to provide reports required by the OUSD as outlined below:
• CBEDS ( California Basic Educational Data System.)
• ADA ( Average Daily Attendance) reports
• SARC ( School Accountability Report Card.)
Copies of annual, independent financial audits , generally accepted accounting principals should be
presented to the district no later than December 15 following the close of the school year. The charter
school audited financial statements should include reconciliation to the district financial report for the
charter school's fund.
• Before July 1, a preliminary budget : for a charter school in it's first year of operation, the
information submitted pursuant to subdivision ( g ) of section 47605 satisfies this requirement.
• Before December 15, an interim financial report: This report shall reflect changes through October
31.
• Before March 15, a second interim financial report: This report shall reflect changes through
January 31.
• Before September 15, a final un-audited report for the full prior year.
FINANCIAL AUDIT
The Integrity Educational Center will oversee the completion of an annual audit of the school's
financial affairs. Integrity Educational Center will retain independent auditors with educational
audit experience. The audit will be conducted in accordance with generally accepted accounting
principals applicable to the school. To the extent required under applicable federal law, the audit
scope will be expanded to include items and processes specified in applicable office of management
and budget circulars.
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