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.
In 2016, the Howard County Public School System was recognized for Outstanding Achievement in Popular Annual Financial Reporting by the Government Finance Officers Association.
The 2020 Comprehensive Annual Financial Reports (CAFR) and audit letters are now available.
Performed by Cohn Reznick, 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.
Baker Tilly was contracted to perform a forensic review of the Health Care fund. They did not identify any indication of fraud or misconduct.
Comprehensive Annual Financial Reports (CAFR)
FY2020 Comprehensive Annual Financial Report
(Fiscal year ending June 30, 2020)
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 with each applicable meeting’s agenda and also can be found below.