Financial Reports & Audits
These financial reports and audits are provided for community members to help understand how their tax dollars are being utilized to educate our students. HCPSS strives to manage public funds in the most efficient and effective manner possible while being consistent with best financial practices.
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Howard County Public School System for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023. This was the second consecutive year that the system has received this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
In addition, the Association of School Business Officials (ASBO) International awarded the Howard County Public School System its Certificate of Excellence in Financial Reporting for the fiscal year ended June 30, 2023. This award reflects our commitment to the highest standards in School System reporting.
Recent Audits
2024 Annual Comprehensive Financial Reports
The 2024 Annual Comprehensive Financial Reports and audit letters are now available.
Performed by SB & Company, the Single Audit is an annual audit of entities that expend $750,000 or more of federal assistance received for operations. The audit provides assurance to the US federal government on the management and usage of the allotted funds.
Annual Comprehensive Financial Reports (ACFR)
FY2024 Annual Comprehensive Financial Report
(Fiscal year ending June 30, 2024)
Annual Comprehensive Financial Report Archives:
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007
Single Audits
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014
Operating Budget Financial Reports
HCPSS monitors and manages the budget by providing monthly Operating Budget Financial Reports to Board. These reports provide detailed information on budget, including revenues and expenditures and actions taken to manage spending with the approved budget. They are posted to the BoardDocs website within each applicable meeting’s agenda and also can be found below.
FY25 (2024-2025)
FY23 (2022-2023)
COVID Relief Grant Budget to Actual Reports
These monthly reports provide provides budget to actual updates on the COVID-19 relief grants. They are posted to the BoardDocs website within each applicable meeting’s agenda and also can be found below.