District Financial Reporting

District Financial Audits

Published: 4/24/2024 1:42 PM


Local school districts are audited annually by independent certified public accountants (CPA's).  This webpage contains valuable information that can be used to assist district Finance Officers and their Independent Auditors in performing the annual review of local school district financials.
Financial Audit Report Information
KDE has provided some helpful documents below to assist districts and auditors in the audit process.

Frequently Asked Audit Questions FY2024
The  AFR and Balance Sheet Validation module, also known as the "Audit Review Template", is located within the SEEK District Data Submission Program.  KDE strongly recommends the districts' superintendents and finance officers, working with their auditors, to complete the Audited AFR and Balance Sheet Validation module, which will assist the districts in determining any discrepancies between the districts' Audited AFR/BS and the Audit Report​ or proposed audit data. The Instructions are located below.
The Audit Findings & Management Letter Comments spreadsheet is required if the audit report consists of audit findings or management letter comments. Provided below are the instructions and the template that the auditor is required to complete, and then submit to KDE.


Below are links to the School District Financial Audits for the last two fiscal years.

District Financial Audits FY2022-2023​

District Financial Audits FY2021-2022

Desk Review Information
KDE engaged the Auditor of Public Accounts (APA) to perform desk reviews of districts' audit reports for technical compliance and adherence to reporting standards. The desk review classifies audit reports into one of three categories, Acceptable, Acceptable with Deficiencies and Technically Deficient.

Districts and their auditors were sent the desk review results for their respective audit report. Auditors were required to correct and reissue any audit report classified as technically deficient. A summary of the classifications of all public school districts is linked below. Requests for copies of the detailed results of the desk reviews may be obtained by contacting the below KDE representatives or the districts' auditor or finance officer.

FY2022 Uniform Guidance Desk Review Findings - Audit Report Classification​​

For more information contact:

Kim Carter
Office of Finance and Operations
Division of District Support
300 Sower Blvd, 4th Floor
Frankfort, KY 40601
Phone: 502-564-3846 x4440

Kelli Young
Office of Finance and Operations
Division of District Support
300 Sower Blvd, 4th Floor
Frankfort, KY 40601
Phone: 502-564-3846 x4417

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