The Coweta County School System received an unqualified audit report for the system’s 2010-2011 fiscal year ending June 30.
Independent auditors from the Georgia Department of Audits and Accounts delivered the report formally to the Coweta County Board of Education at the Board’s February 14 regular meeting.
“The financial statements of the school district are considered to present fairly the financial position and results of operations as of and for the year ended June 30, 2011,” reported Senior Auditor Jennifer Thomas, who delivered her report to the Board with Audit Supervisor Brad Freeman at the meeting.
The Jan. 31 auditors’ report delivered an “unqualified opinion” of the school system’s financial practices for the year, with no deficiencies or weakness in accounting standards, practices or internal controls.
School Board member Harry Mullins praised Assistant Superintendent for Financial Services Keith Chapman and his staff, including School System Comptroller Mike Jones, Assistant Comptroller Chris Latimer and the school system’s business services staff.
“We are in good, good financial shape because of your leadership in some areas. Thank you. You’ve done a great job,” said Mullins.
Board member Amy Dees also praised school system staff members who work directly with various federal funds, such as Title I administrators, food services and special education, for following careful controls on the funds, which contributed to the clean audit.
The fiscal year 2011 audit began in July, after the end of the fiscal year, and concluded in December. The auditing process included such activities as examining expenditure from all funds, auditing of federal funds for compliance with applicable federal and state laws and regulations, and concluded with an in-depth examination of the school system’s financial statements. The audit involved virtually all departments within the school system, including business services, payroll, human resources, and federal program offices, as well as schools.
The complete report, along with key financial highlights, can be found on the State Auditor’s website at http://www.audits.ga.gov/ and following the link for “Reports.”
