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School system's finance department receives award of distinction


Sponsored by ChanceyBanner Aug17

School system's finance department receives award of distinction Submitted photo

The Coffee County School System’s Finance Department was recently awarded the Award of Distinction for Excellent Financial Reporting by the Georgia Department of Audits and Accounts. It was the third time the department has received this award.

 

This award was established to recognize excellence in financial reporting and controls. It encourages governmental organizations to go beyond the minimum requirements of generally accepted accounting principles (GAAP) and recognizes individual organizations that are successful in achieving this goal.  Created in 2014, this award is presented to organizations that submit quality financial statements and supporting documentation in a timely manner.

 

Additionally, to receive this award, the organization’s annual financial report must also be free of any significant deficiencies or material weaknesses, comply with all Transparency in Government requirements, and be given an unmodified audit opinion.  The Georgia Department of Audits and Accounts exists to provide independent, credible audit services promoting improvement in government.

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