PSD to receive state financial reporting award

Want to know how well the Polk School District is doing at their accounting work?

Well enough the state will soon be presenting the school district with the Award of Distinction for Excellent Financial Reporting, one of several in the state set to receive the honor in 2016.

Superintendent William Hunter said the award is being given by the state Department of Audits and Accounts, given for the Polk School District’s latest round of audits conducted by the state coming back without any problems.

Senior Auditor Greg Studdard explained that the award is given to a number of school districts a year as a way to provide an incentive for clean books to be turned over the state.

“Each district has to meet certain qualifications,” he said. “Those include submitting a financial statements to the Georgia Department of Education by Nov. 14 each year, they have to have minimal audit adjustments, which includes no significant deficiencies, there has to be an unmodified opinion, and the school district needs to have a cooperative staff and resolve any issues that we come across

in a timely fashion.”

Studdard said out of 159 school districts in 2015, only 30 received the award.

Hunter said the award will be presented during the September board meeting, and wouldn’t have been possible without the help of everyone at Polk School District working together.

“This school district used to have a lot of audit findings to have to deal with, but we’ve not had a single one in the past three years,” he said.