From February 2011, through February 2012, the Auditor General's Office audited the financial statements of the governmental activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund for the Hillsborough County District School Board as of, and for, the fiscal year ended June 30, 2011.

The Financial, Operational, and Federal Single Audit disclosed that the district’s basic financial statements were fairly presented and there were no deficiencies in internal control over financial reporting considered to be a material weakness.  The results of the Auditor General’s tests disclosed no instances of non-compliance or other matters that are required to be reported under Government Auditing Standards.