Typically, school districts in California (the “State”) are required to file their audited financial statements for the preceding fiscal year with the State Controller’s Office, the State Superintendent of Public Instruction, and the county superintendent of schools by December 15 of each year. In response to the Coronavirus 2019 (“COVID-19”) pandemic and the challenges it presents for school district operations, Senate Bill 98 (Chapter 24, enacted on June 29, 2020, as an urgency bill) provides, among other things, that a school district’s audited financial statements for fiscal year 2019-20 (the “2020 Audit”) are not due until March 31, 2021.
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