Our fiscal year ends on June 30th
Welcome to the Financial Report section for Lake County Schools Finance Department.
Generally accepted accounting principles (GAAP) for Governmental entities are established by the Government Accounting Standards Board (GASB) and provide the foundation for financial accounting and reporting for all school districts.
In accordance with SBE Rule 6A-1.008, Florida Administrative Code, at least monthly the Superintendent of Schools shall submit a financial statement for use and consideration of the District School Board.
Interim financial reports are comprised principally of statements that reflect current financial position and compare actual financial results with budgetary estimates and limitations. These reports are prepared for the sole purpose of facilitating management control, including planning future operations as well as evaluating current financial status and results to date. These reports are not finalized and have not been subjected to audit review or analysis. It must be recognized that use of such reports for other than the intended purpose of management review could be misleading.