BCSD annual and positive independent audits validate transparent reporting

Finance staff recognized for excellence
Posted on 04/04/2018
BCSD Finance Department

Tuesday, April 3, 2018

School district finance staff earns national
award for excellence in financial reporting

BEAUFORT – Finance staffers from the Beaufort County School District have earned a national award for excellence from the Government Finance Officers Association of the United States and Canada.

The Certificate of Achievement for Excellence in Financial Reporting recognized the school district’s 2017 annual financial report.  The announcement marked the 28th consecutive year that the district had earned the national recognition.

GFOA said the award honors financial reports that demonstrate a constructive “spirit of full disclosure” and that clearly communicate a school district’s financial story and motivate citizens to read the annual report.  It said the award represents “the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.”

Superintendent Jeff Moss credited members of the finance staff for their “consistently diligent and painstaking work.”  He highlighted the work of Chief Finance and Operations Officer Tonya Crosby, Financial Services Officer Billy Saunders, Director of Internal Controls Reggie Murphy, Director of Finance Lori Mock and Budget Analyst Louis Ackerman.

“To win this award in any year is an outstanding accomplishment,” Moss said.  “To win it for 28 consecutive years is truly remarkable.  It’s an achievement that demonstrates, year in and year out, that the expenditure of our community’s tax dollars is being reported in an efficient and transparent way.”

The school district’s bond ratings are Aa1 with Moody’s Investors Service and AA with Standard and Poor’s.   

Moss also noted that over the past 18 years, the district has never had a negative financial finding in any of its annual independent audits.