Audits
Auditing Process
Each district must have an audit performed annually, unless the District’s revenue and expenditures are less than $1,000,000. If neither the district’s revenues nor expenditures exceed $1,000,000 for the fiscal year, an audit exemption may be sought. To obtain an audit exemption, the district must file an application with the State Auditor within three months of the close of the fiscal year (by March 31).
Unless the district is exempt, the Board shall cause to be made an annual audit of the financial statements of the district as of the end of each fiscal year. The audit report must be submitted to the Board by the auditor by June 30, and filed with the State Auditor within 30 days after the report is received by the district. If required, a request for extension of time to file the audit may be filed with the State Auditor no later than seven months following the end of the fiscal year (July 31).
A copy of the audit report is available for public inspection at the Colorado Office of the State Auditor.
2019 LSRMD Audit Exemption2020 LSRMD Audit Exemption2021 LSRMD Audit Exemption2022 LSRMD Audit Exemption2023 LSRMD Audit Exemption2024 LSRMD Audit Exemption2025 Audit Exemption to be Provided Upon Completion