Gibraltar Area (2114)

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Auditor Ending Fund Balances (PI-1506-FB)

The purpose of the PI-1506-FB is to provide the auditor the opportunity to verify ending fund balances and long-term debt obligations per the audited financial statements against the ending fund balances reported by the district on the PI-1505 Annual Report.

The following questions should be considered by the auditor before completion of this report:

1)-Has the district properly classified non-spendable, restricted, committed, and assigned fund balance on the general ledger? Please provide an entry for the district if the fund balance is not properly classified on the general ledger and the answer to this question is no.

2)-Does the non-spendable, restricted, committed, and assigned fund balance on the general ledger agree to the audited amounts? Please provide an entry for the district if the fund balance on the general ledger is not agreeing to the audited numbers and the answer to this question is no.

3)-Are all deficit fund balance amounts recorded in the unassigned fund balance category on the general ledger? Please provide an entry for the district if the deficit fund balance amounts are not recorded in the unassigned fund balance category.

4)-Is the district using the proper WUFAR fund balance account codes assigned by DPI? Please recommend that the district use the most current WUFAR fund balance accounts if the answer to this question is no.

5)-Has the district properly reported restricted, committed, and assigned fund balance in the annual report?

6)-Has the district properly approved commitments of fund balance?

Auditors are required to complete the PI-1506 FB prior to completion of the PI-1506 AC. The ending fund balances and long-term debt balances should be reported as they will appear in the audited financial statements. Please report the district’s fund balances as restricted, committed, assigned or unassigned based upon the audit work performed.

The "district entry" will not be populated until after the district completes the PI-1505 Annual Report. The PI-1505 Annual Report must agree to the PI-1506-FB for the district to be able to submit the Annual Report.

Report opens on Wednesday, June 1, 2022 and is due on Friday, September 23, 2022.

Auditor Ending Fund Balance Data on File at DPI