School District Auditing and Consulting

The staff of Gorenz and Associates, Ltd. have become School District auditing experts.  For the fiscal year ended June 30, 2007 our firm audited 67 school districts and joint agreements.  The firm has a good working relationship with the Illinois State Board of Education and has been asked for our input on accounting procedures and Annual Financial Report filing changes over the past several years.  We were hired as consultants to provide the ISBE input on the Implementation of GASB 34 for Illinois School Districts.  This report has been complete and filed.  In short, our recommendation was for ISBE to continue providing the Annual Financial Report as an option for districts to only have a regulatory basis report, thereby not having to implement all of the GASB 34 reporting model structure.

One of the firms partners (Tim Custis) has served as Chairman of the Government Report Review Committee for the Illinois CPA Society, and continues to serve as a member of the Committee.  This Committee annually reviews governmental audits from around the state to improve reporting.  Tim has served on the School District sub-committee of this committee for several years and is currently chairing the Policy and Procedures sub-committee, which is responsible for checklist development.  Additionally, Tim is a School Board member and is currently serves as President of the Washington Community High School Board of Education.

With all of these different areas of exposure to school district finances, Gorenz and Associates is uniquely qualified to handle any questions that a school district may have.

For the past several years the firm has published a newsletter after the completion of the audit season.  We also contact our clients periodically with other timely issues and trends.  The following links will allow you to review the last three years of newsletters.

  School District Financial Statement Reporting Options

  November 2004                                      November 2005 

  November 2006                                     December 2007

Contact Tim Custis to discuss the various ways our firm can assist your school district.