BURLINGAME, CA / AGILITYPR.NEWS / February 11, 2021 / MEDIA ADVISORY:

CALCPA TO HOLD VIRTUAL SCHOOL DISTRICT CONFERENCE TO FOCUS ON UPDATES FROM THE CALIFORNIA DEPARTMENT OF EDUCATION, CALIFORNIA STATE CONTROLLER AS WELL AS KEY CHANGES IN SCHOOL DISTRICT ON FINANCIAL REPORTING AND AUDITS ON APRIL 20, 2021

WHY: There are 977 school districts in California, which serve 6,275,469 students and 295,222 teachers in 9,846 schools, which are governed by 1,050 school boards. In the top 1,000 largest school districts by enrollment in the United States, California has 186 school districts. The largest school district in California is Los Angeles Unified School District which serves 655,455 students in the most recent academic year.

Proposition 98 funding for K-12 schools and community colleges for 2021-22 is $85.8 billion. Which represents an increased investment of $14.9 billion in schools and community colleges above the level funded in the 2020 Budget Act, and the highest level of funding for K-14 schools ever. When combined with a one-time supplemental allocation of $2.3 billion and the benefit of CalSTRS and CalPERS rates ($1.1 billion), the state funding available to schools increases to $89.2 billion.

The California education sector plays a significant role in the economy and quality of life, CalCPA is bringing together industry leaders and experts discuss current accounting, auditing, tax and industry-related issues for school districts at this upcoming virtual one-day conference. This virtual conference will help school districts become more resilient, handle challenges more effectively, overcome risks, as students go back to school post COVID-19 crisis.

WHAT: This one-day, virtual conference will help financial professionals handling internal or external audits of school districts aware of the current accounting and auditing challenges facing this sector and gain insights on the latest industry developments, updates about financial statements/internal controls and cover challenges surrounding school district compliance.

Major Subjects discussed during the virtual conference include:

• GASB Update
• Developing Audit Procedures Using Data Analytics
• Updates from the CDE
• Updated State Compliance Audit Guide
• Auditor's Perspective on Updated State Compliance Guide
• Impact of the Pandemic on Audit Procedures
• Charter School Update 
• School District and Charter School Fraud

WHEN: APRIL 20, 2020: (8:30 a.m.– 4:30 p.m. PT)

WHERE TO REGISTER: As a member of the working news media covering this sector - CalCPA will provide a media access pass to this conference. Please contact: David Colgren, media relations counsel, CalCPA for more details.

WHO: Expert speakers include:

WHO: Expert speakers include:

• Aubrey W. King, CPA is a partner of Wilkinson Hadley King & Co., LLP
• Michael Ammermon, CPA, CFE, CRFAC, DABFA, is a Fiscal Crisis Management Assistance Team (FCMAT)
• Iryna Bush, CPA, Auditor at the California State Controller’s Office
• Corey Arvizu, CPA, Audit and Consulting Partner with HeinfeldMeech
• Karin Smith, MBA, SFO, CFE, Partner at Heinfeldmeech
• Matt Parsons, CPA, Partner at Moss Adams LLP
• Arthur NGO, CPA, Assurance Senior Manager at Moss Adams LLP
• Christine Davis, CPA, Administrator, School Fiscal Services Division at California Department of Education (CDE)
• Kevin Sproul, CPA, Staff Accountant at Wilkinson Hadley King & Co. LLP

About CalCPA

CalCPA traces its heritage to 1903 when the California State Society of Certified Public Accountants was organized. In 1909, it merged with two other state CPA associations to form CalCPA. CalCPA serves more than 43,000 members in public practice, private industry, academia and government, and has 14 chapters across California. CalCPA also offers more than 1,400 live courses, conferences, webcasts and on-demand self-study courses annually. More information is available online.

# # #