Submitted by Phil Saurman, CPA, Shareholder/Governmental Services for Hungerford Nichols CPAs + Advisors, Grand Rapids
Another school year is well underway in the state of Michigan and once again, each Board of Education has many areas of oversight to monitor and decide upon important issues. One of the most important is the financial health of your district, which is highlighted once a year in your Annual Financial Report and is prepared each year by the independent auditors of your district.