The scope of this engagement will include a review and validation of JCPS’s financial forecast and underlying data used to project revenues, expenditures, and fund balance for the fiscal year ending June 30, 2026. The scope includes: • Actual financial results for fiscal years 2023–2024 and 2024–2025; • The Board-approved budget for 2025–2026; and • The district’s current projections for 2025–2026 as of September 30, 2025. The review will consider all actual and known financial information through September 30, 2025. Information and data sources will include the district’s audited financial statements, budget documents, and internal forecast models maintained by the Division of Finance. The engagement will focus on assessing the integrity, reasonableness, and consistency of financial data and assumptions used to compile the forecast. Excluded from the current scope are: • Re-performance of the district’s financial audit; and • Evaluation of non-financial operational areas unrelated to forecasting.
