HomeMy WebLinkAboutDes Moines Independent Community School District - Public Financial ReportChief Financial Officer
Shashank Aurora, CPA
Respectfully Submitted,
The Des Moines Independent Community School District (the District, also known as Des
Moines Public Schools and DMPS) is committed to ensuring residents have access to and
understand the District’s finances. In furtherance of this commitment, the District has
developed its first Popular Annual Financial Report (PAFR) in fiscal year (FY) 2018. The
PAFR is an easy-to-read publication that provides citizens with an overview of how their tax
dollars are managed and spent. It is designed to be readily accessible and easily
understandable to the general public and other interested parties without a background in
pubpublic finance.
The PAFR focuses on the general operating activities and key financial trends of the
District’s General Fund for fiscal year 2021 (July 1, 2020 – June 30, 2021).
The report includes highlights and simplified information from the District’s Comprehensive
Annual Financial Report. This information does not replace the Comprehensive Annual
Financial Report. The CAFR outlines the District’s financial position and operating activities
each fiscal year presented in conformity with generally accepted accounting principles
(GAAP). The PAFR does not conform to GAAP and associated standards set forth by the
applicable governing bodies, but it is suitable for those readers who prefer and overview or
summary of the District’s financial condition.
TThe most recent and previous Comprehensive Annual Financial Reports are available on the
District’s Web site on the Financial Reports page
(https://www.dmschools.org/departments/business-finance/financial-reports/cafr/).
The PAFR is part of the District’s ongoing commitment to keep citizens informed about
finances in the District and be accountable for the receipt and expenditure of public funds.