Business Office

    Business Office
    Lawrence USD 497's Business Office provides support to all students and staff in the Lawrence Public School district.  Budget and Finance includes general ledger accounting, purchasing, accounts payable and vendor management, accounts receivable, student fees, auditing and internal controls, student activity fund accounting, grant accounting, cash management, debt issuance, investments, budget preparation, financial reporting, financial forecasting, and analysis of the financial operations of the school district.
    Financial Audit Kansas School District Audit Requirements
    School districts in Kansas are required to comply with the Kansas Municipal Audit and Accounting Guide (KMAG), a regulatory basis of accounting. Annually each school district must have an independent audit that considers the following:
    1. Auditing Standards Generally Accepted in the USA
    2. Government Auditing Standards (Yellow Book)
    3. Single Audit Act of 1996 and OMB Circular A-133, and
    4. Generally Accepted Accounting Principles as might be applicable to the regulatory basis of accounting
    Audit Reports, district fiscal year end June 30