The district creates and revises the budget throughout the school year. Once the year is completed, the district will prepare an Annual Financial Report (AFR) that will reflect the revenues and expenditures that occurred during the fiscal year (July 1-June 30). The format and submission deadlines for these files are governed by Arizona revised statutes. The AFR is audited by the district's auditing firm, CliftonLarsonAllen. CliftonLarsonAllen then assists the district with the preparation of the Comprehensive Annual Financial Report (CAFR). In addition to financial data, the CAFR contains financial analysis of district funds, a narrative with a description of the funds, district financial awards, and demographic data. The AFR is also submitted to the Arizona Department of Education (ADE) where it is compiled with other information to create the Superintendent's Annual Financial Report (SAFR).

The AFR is also submitted to the auditor general's office who compiles information from all of the Arizona districts. The auditor general's office uses the information from the school districts to create the classroom spending report. This report compares the spending patterns and achievement of each district by grouping districts into peer groups.