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Yuma Elementary School District One
ONE Community Pursuing Excellence

Annual Financial Reports

In accordance with Arizona Revised Statute §41-725 requiring financial transparency, we provide our financial reports for public review. For more information regarding the Arizona Transparency Act, please visit Arizona's Official Transparency Website or ADOA-GOA.

The district creates and revises the budget throughout the school year. Once the year is completed, the district prepares an Annual Financial Report (AFR) reflecting the revenues and expenditures that occurred during the fiscal year (July 1–June 30). Arizona Revised Statutes govern the format and submission deadlines. The AFR is audited by the district's auditing firm, Heinfeld, Meech & Co., P.C. (H&M). H&M then assists the district with the preparation of the Comprehensive Annual Financial Report (CAFR) and the Single Audit Reporting Package (SARP).

The AFR is submitted to the auditor general's office who compiles information from all of the Arizona districts. The auditor general's office uses the information from the school districts to create the classroom spending report. This report compares the spending patterns and achievement of each district by grouping districts into peer groups.