The Washington School District received a clean audit with no material weaknesses or deficiencies.
The school board accepted the audit report at its meeting Wednesday night.
Shelley Kinder, district CFO, said she’s “very happy” with the audit finding and pleased with the business department operations and accounting procedures.
“We conduct an annual audit, going above and beyond what the law requires,” she noted.
Kinder said recommendations were given to assist staff as it transitions from cash basis to accrual basis accounting.
“Recommendations included utilizing assistance from the auditors and training for appropriate staff,” she said.
At Wednesday’s meeting, the board heard from Mark Janiesch of Daniel Jones and Associates, which conducted the district audit.
Janiesch said the school district was given an unqualified opinion on its audit — which is the highest award afforded on an audit.
An unqualified audit report means that a district is following all generally accepted accounting principles and properly disclosing information in financial statements, he said.
“It provides assurance that the financial statements do not contain irregularities or mistakes,” Kinder said.
An audit reviews the internal controls, financial practices and operations of a school district to help ensure there is adequate protection against fraud, theft or professional misconduct, she said.
“An audit helps strengthen the school district’s accountability for the use of public resources and the efficient delivery of educational services and can be used in the development of internal controls,” Kinder noted.
Public school districts are required to perform a biennial audit, Kinder said, but the Washington School District chooses to have an audit conducted every year.
The board-approved audit must be submitted to the Department of Elementary and Secondary Education by Dec. 31.
Kinder said the school district had only one finding.
“The auditors provided assistance in preparing the financial statements for the audit report. This was due to the complexity of converting from cash basis to accrual basis accounting,” she said.
The district was required to make this change due to federal guidelines regarding the Pell money the Four Rivers Career Center receives for the LPN students,” Kinder explained. “Although the auditor is allowed to assist in the preparation of the financial statements for the audit, it has to be so noted in the findings.”
Superintendent Dr. Lori VanLeer said she is very pleased with the results of the audit.
Kinder noted that staff and the audit team worked very well together during the process.