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School District of Lee County receives award for excellence in financial reporting

By MEGHAN BRADBURY - | Nov 4, 2020

news@breezenewspapers.com

For the 18th year in a row, the School District of Lee County has been awarded the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting.

The award was given for the district’s Comprehensive Financial Audit Report, which was for the year ending June 30, 2019. MSL, P.A. accounting firm conducted the audit.

“It is important to communicate financial information to our taxpayers,” Chief Financial Officer Dr. Ami Desamours said. “Prudent use and reporting taxpayer funds builds the public’s confidence in the fiscal responsibility of the school district, and recognition like this also can also save taxpayers funds in interest costs by providing needed information to potential investors.”

The Certificate of Achievement, according to the district, is the highest form of recognition in the area of governmental accounting and financial reporting. State law requires that all local governments publish a complete set of financial statements, which are presented in conformity with generally accepted accounting principals in the United States.

“We hope that your example will encourage other government officials in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting,” CFOA Technical Service Director Michele Mark Levine wrote when she notified the district of its certificate.

The Comprehensive Financial Audit can be viewed on the district’s website, www.leeschools.net.

“Highlights of the report include details on the use of each of our funding sources, reporting on revenues and expenses of each of our funding sources, and information on the overall net financial position of the district,” Desamours said. “Our Financial Accounting Department is diligent and determined to produce high quality information for our stakeholders. I am proud of the work they did to produce another award winning report.”