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Board adopts revised audit regulation reflecting federal single-audit threshold change
Summary
The Catalina Foothills board approved revisions to policy and regulation DIE to improve clarity and update references; the regulation reflects the Office of Management and Budget's increase of the federal single-audit threshold to $1,000,000 starting in fiscal year 2026.
The Catalina Foothills Unified School District governing board approved revisions March 3 to policy and regulation DIE (audits and financial planning), updating references and clarifying when a procedural review or a single audit is required.
Superintendent Dr. Denise Bartlett said the changes remove an outdated June 2016 Office of Management and Budget compliance-supplement date, add headings for readability and rewrite two paragraphs to improve clarity. She noted the Office of Management and Budget raised the single-audit threshold from $750,000 to $1,000,000 and that the updated threshold applies beginning in fiscal year 2026. "Whenever the district expends a cumulative total of $1 million or more in combined expenditures from all sources of federal financial assistance during a fiscal year, the district shall engage an approved independent certified public accountant to conduct an annual financial audit and compliance single audit," Dr. Bartlett said, quoting the revised regulation language.
A board member asked why the wording differs between the paragraph addressing expenditures "in federal grants" and the paragraph referencing "combined expenditures from all sources of federal financial assistance." Administration confirmed the distinction is intentional: the higher threshold applies to combined federal financial assistance (not just grants) and triggers a single audit; a separate procedural review applies when federal grants alone are below the $1 million level. The board moved, seconded and approved the revisions unanimously.
Board materials included the sample regulatory language and noted other editorial updates — such as explicitly naming U.S. Government Accountability Office auditing standards — to ensure the policy points to current federal guidance.
