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News Story
Updated: 04/21/2017 08:30:00AM

School District audits find no major concerns

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By MARC VALERO

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SEBRING — Two audits of the School Board of Highlands County’s financial transactions for the 2015-16 fiscal year found no significant concerns.

One audit was conducted by the State of Florida Auditor General and the other audit, of internal accounts, was prepared by Mauldin & Jenkins Certified Public Accountants.

On the School Board Agenda, Assistant Superintendent of Business Operations Mike Averyt said considering the district’s annual budget is $147 million and the thousands of transactions processed, there were no findings by the Auditor General.

“Over the years we have worked hard to improve our internal control procedures to insure that all transactions are properly recorded and reported,” he noted. “I believe this audit is a representation of that effort.”

Commenting on the internal accounts audit, Averyt said, “Overall it was a very good audit particularly considering the thousands of transactions that occur annually in the school’s internal accounts.”

There were no material findings reported by the auditors, he added.

Material findings in an audit indicate significant errors, but there were no material findings in the district’s audits for the fiscal year ending June 30, 2016.

Averyt noted the efforts of the principals and school bookkeepers in working with the auditors.

“It is because of their efforts that the district received a very good audit,” he said.

The School Board will vote on approval of the audit reports at its next meeting on April 25.


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