The Georgia Department of Audits and Accounts (GDAA) presented its Award of Distinction for Excellent Financial Reporting to Catoosa County Public Schools. 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.
Genevieve Silvia, GDAA manager, presented the award at the Board of Education meeting July 28.
“We audit 151 systems and we have released 75 reports,” she said. “Of the reports released only 33 systems have received this award, and we don’t expect to issue many more certificates from the remaining reports.”
The award was created in 2014, and is presented to organizations that submit quality financial statements and supporting documentation in a timely manner. 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.
“It is an honor to receive this award from the GDAA,” said Denia Reese, Catoosa County superintendent. “I am very proud the employees in our finance department are diligent in maintaining the highest level of excellence, and they are very deserving of this award.”