A recent financial audit of the Washington Court House City School (WCHCS) District by the Auditor of State’s office has returned a clean audit report.
The district’s excellent record-keeping has earned it the Auditor of State Award once again. The Auditor of State Award is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:
– The entity must file timely financial reports with the Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles);
– The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
– The entity’s management letter contains no comments related to: ethics referrals, questioned costs less than $10,000, lack of timely report submission, reconciliation, failure to obtain a timely single audit, findings for recovery less than $100 and public meetings or public records.
WCHCS district officials said they were honored to have received the Auditor of State Award again. This award is a testament to the hard work, cooperation and commitment of all district employees as it takes the involvement of everyone to ensure that they maintain strong fiscal practices.
Becky Mullins, WCHCS treasurer, said it is an honor to continue to show the community the stewardship of its tax dollars, which is the district’s highest priority.