A Report on
the Audit of the Permanent School Fund’s
Fiscal Year 2019 Financial Statements
In our audit report dated December 20, 2019, we concluded that the Permanent School Fund’s (the Fund) basic financial statements for fiscal year 2019
were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The Fund published
our audit report as part of its basic financial statements, which it intends to post on its Web site at
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We also issued a report on internal control over financial reporting and on compliance and other matters as required by auditing standards.
Our procedures did not identify any material weaknesses in internal control over financial reporting or any noncompliance with laws or regulations
that materially affected the financial statements. In addition, the major internal controls that we tested for the purpose of forming our opinions
on the financial statements were operating effectively.