Comprehensive Annual Financial Reports (CAFR)
The Comprehensive Annual Financial Report (CAFR) is commonly referred to as the audit. The school district fiscal year runs from July 1 through June 30. The last step in the fiscal year budget process is to close the financial books and have an audit performed by an external CPA firm. After the audit report is presented to the School Board (typically November/December after the end of the fiscal year) the comprehensive annual financial report (CAFR)/audit will be posted.