Independent Activity Fund: Montgomery Knolls ES

School IAF Audit Report

2023 Report Adobe PDF (Published Sep 05, 2023)

2023 Report Adobe PDF (Published Mar 16, 2023)

2020 Report Adobe PDF (Published Jan 21, 2020)

2016 Report Adobe PDF (Published Jul 12, 2016)

2013 Report Adobe PDF (Published Jun 17, 2013)

2012 Report Adobe PDF (Published Mar 28, 2012)

More information about Montgomery Knolls ES.

About the Independent Activity Fund

Independent Activity Funds (IAF) are established to promote the general welfare, education, and morale of students, as well as to finance the recognized extracurricular activities of the student body. Audits are conducted regularly to ensure that each IAF is operated in compliance with MCPS policies, regulations, and procedures, and to review processes for continuous improvement. An IAF audit does not review every transaction or school activity but seeks to provide reasonable assurance that there is compliance with MCPS policies, regulations, and procedures, and that any significant errors or omissions in the financial records are detected.

IAF audits completed after January 1, 2012 are published on this website. To view reports completed prior to January 1, 2012, please contact the individual school or send an email to pio@mcpsmd.org.

Payroll audits are conducted to evaluate compliance with MCPS policies, regulations, and procedures as well as to assess the effectiveness of existing controls for approval of employee absences and the accuracy of time and attendance reporting. A payroll audit does not review every transaction but seeks to provide reasonable assurance that there is compliance with MCPS policies, regulations, and procedures, and that any significant errors or omissions in the payroll records are detected.