At DACC, we believe in accountability, transparency, and responsibility. Financial data for the Delaware Area Career Center is available below.
Introduction to the Five Year Forecast
School districts are required to file a five (5) year financial forecast by November 30, 2021, and May 31, 2022 for fiscal year 2022 (July 1, 2021 to June 30, 2022). The five-year forecast includes three years of actual and five years of projected general fund revenues and expenditures. Fiscal year 2022 is the first year of the five year forecast and is considered the baseline year. Our forecast is being updated to reflect the most current economic data available to us for the November 2021 filing.
Management's Responsibility for the Financial Statements
Unaudited financial statements - fiscal year 2021
Management is responsible for preparing and fairly presenting these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes designing, implementing, and maintaining internal control relevant to preparing and fairly presenting financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility regarding the Financial Statements
Audited financial statements - fiscal year 2020
Auditor's responsibility is to opine on these financial statements based on their audit. They audited in accordance with auditing standards generally accepted in the United States of America and the financial audit standards in the Comptroller General of the United States’ Government Auditing Standards. Those standards require them to plan and perform the audit to reasonably assure the financial statements are free from material misstatement.
An audit requires obtaining evidence about financial statement amounts and disclosures. The procedures selected depend on their judgment, including assessing the risks of material financial statement misstatement, whether due to fraud or error. In assessing those risks, they consider internal control relevant to the Career Center’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not to the extent needed to opine on the effectiveness of the Career Center's internal control. Accordingly, they express no such opinion. An audit also includes evaluating the appropriateness of management’s accounting policies and the reasonableness of their significant accounting estimates, as well as their evaluation of the overall financial statement presentation.