The national award honors financial reporting

BCSD finance staff recognized for excellence
Posted on 10/16/2019
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Wednesday, October 16, 2019

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 2018 annual financial report.  The announcement marked the 29th 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 Frank Rodriguez commended the district’s finance staff, particularly Chief Financial 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 29 years in a row demonstrates a consistent record of excellence,” Rodriguez said.  “It demonstrates to the public that the school district is transparent and trustworthy in reporting the expenditure of taxpayer dollars.”

The school district enjoys a Aa1 bond rating with Moody’s Investors Service, tied for the highest rating among South Carolina’s 82 school districts.

Rodriguez also noted that over the past 19 years, the district has never had a negative financial finding in any of its annual independent audits.