Title: Audited Financial Statement and Management Letter
Description: In addition to their ACS Reports, community colleges are required by law to submit an Audited Financial Statement and Management Letter to various state agencies. The Audited Financial Statements are used to verify the ACS expenditure data. Discrepancies must be reconciled before ACS data is considered valid. Also see ACS Reports.
Agency: State Budget Office
Direct Agency: Center for Educational Performance and Information (CEPI)