Elliot Davis completes BCSD financial review

Independent audit finds BCSD in compliance
Posted on 12/13/2017
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FOR IMMEDIATE RELEASE
Tuesday, December 12, 2017 / Audit 2016-17

Beaufort County School District earns 18th consecutive audit with no financial findings

BLUFFTON – For the 18th consecutive year, the Beaufort County School District has earned an exemplary financial review from outside auditors.

The Greenville-based auditing firm of Elliott Davis told the Board of Education that it had found no weaknesses or deficiencies in the school district’s internal financial controls during the 2016-17 fiscal year and no findings of noncompliance with state or federal laws.

South Carolina state law requires all school districts to have their finances reviewed and analyzed each year by independent outside auditors.  From May through October, a seven-person team of Elliott Davis auditors reviewed the school district’s FY 2016-17 finances.  On Tuesday night, Elliott Davis presented the results of its audit to the Board of Education.

“Eighteen straight years of clean audits is strong evidence of a consistently efficient and effective financial operation,” said Superintendent Jeff Moss.  “Our county’s taxpayers can be confident that the district’s financial house is in order.”

In addition to the audit presented today, the district contracts with Elliott Davis to more intensively examine its system of purchasing goods and services.  The Beaufort County Board of Education also recently authorized a third independent audit to focus on expenditures made with purchase cards used by school and district office staff.