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PPS CFO: pending federal guidance could delay single‑audit finalization and affect state reporting timeline
Summary
CFO Michelle Morrison told the audit committee that the OMB compliance supplement has not been released, which may force additional testing and potentially delay the single‑audit opinion and the district’s state reporting tied to the January state school fund payment.
Michelle Morrison, Portland Public Schools’ chief financial officer, told the audit committee that the Office of Management and Budget’s (OMB) compliance supplement — the annual guidance auditors use to test federal grants — had not been released and that the omission could complicate the district’s single‑audit schedule.
Morrison said auditors are proceeding with standard testing but that…
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