Off-Balanced Sheet Items
What’s been fixed and what’s still out there?
By Matt Geerdes, CPA
Senior Manager
Crowe LLP
Readers of the financial statements for a school district in Illinois often have questions about what they are viewing.
Questions like:
- How do these financial statements compare to other surrounding districts?
- Is our district management being a good steward of taxpayer resources and using them in a manner to properly educate our children?
- Are there other items out there that could impact a district’s operations that maybe aren’t reported on the financial statements?
This last question is the one we will focus on for this article.