Davidson College seeks to operate in a fiscally sound manner. As such, it operates on a set fiscal calendar and is audited annually.
This policy seeks to inform the campus community of the calendar of operation for the college and when the annual audit should be scheduled.
Davidson College operates on a fiscal year, which runs from July 1 through June 30.
Each fiscal year, an annual audit shall be performed by an outside audit firm. The audit shall be scheduled so that it may be completed and an annual report be issued before the October Board of Trustees meeting.
The Controller/Director of Business Services shall oversee this policy and review it at least once every two years. Changes to this policy shall be made in accordance with the college's Policy on Policies.