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Board holds first reading on audit policy; staff note single-audit threshold will rise to $1,000,000
Summary
The board heard a first reading of revisions to Policy DIE/Regulation DIE to align with federal and state auditing standards, including updating the single-audit threshold to $1,000,000 for fiscal year 2026 and clarifying that the threshold is a cumulative annual total of federal grants; the item will return for a second reading.
At the Feb. 24 meeting the Catalina Foothills Unified School District Governing Board took up a first reading of revisions to Policy DIE and Regulation DIE, which govern audits and financial monitoring. The revisions update wording to reference United States Generally Accepted Auditing Standards, Uniform Guidance (2 CFR Part 200), and a new single-audit threshold.
Dr. Bartlett said the most significant change is updating the single-audit threshold from the prior $750,000 level to $1,000,000 for federal grants expended in a fiscal year, effective with fiscal year 2026. “The new threshold is 1,000,000 dollars, in federal grants expended during the fiscal year,” Dr. Bartlett said.
Board members sought clarification that the threshold is calculated as a cumulative total of federal grant expenditures in a fiscal year (not as a per-grant amount) and asked for clearer plain-language phrasing in the regulation’s first paragraph. Members also asked about carryover scenarios—whether receiving federal grant funds in one year but expending them in a later fiscal year would trigger the threshold—and staff confirmed it is tied to expenditure in the fiscal year.
A board member asked what an audit would look like if the district did meet the threshold; staff explained a single audit examines federal-grant expenditures and tests compliance and coding of those expenditures.
The item was presented as a first reading and will return to the board for a second reading and possible adoption.
