Business and Finance

Lawrence Public Schools' Business and Finance Office provides support to all students and staff in the Lawrence Public Schools. Business and Finance includes general ledger accounting, purchasing, accounts payable and vendor management, accounts receivable, student fees and cash receipts, auditing and internal control, student activity fund accounting, grant accounting, cash management, debt issuance, investments, budget preparation, financial reporting, financial forecasting, and analysis of the school district.

Business Office

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