Gheewala CPA, PLLC is a client-based CPA firm serving the needs of Private School business owner in Florida and beyond.

Call us for a free consultation on Accounting and Review Services 

(727) 291 - 7577                                        7901 4th St N STE 17663 St Peterburg, FL 33702

Scholarship Funding Organizations

 

 

Florida private schools participating in scholarship programs like 

Step Up For Students must complete Agreed-Upon Procedures (AUP) if they receive more than $250,000 in aggregate scholarship funds during a single fiscal year 

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Core Requirements

• Mandatory Threshold: Any school receiving a combined total of $250,000 or more from scholarship programs—including Florida Tax Credit (FTC), Family Empowerment (FES), and Hope Scholarships—must file an AUP report.

• Certified Public Accountant (CPA): The school must contract with an independent, currently licensed Florida CPA firm authorized to perform attest engagements.

• Submission Deadline: The AUP report is due by September 15 following the end of the fiscal year. It must be submitted to the Scholarship Funding Organization (SFO)that provided the majority of the school's scholarship

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