ELLIJAY, Ga. – The Gilmer County Board of Education has received an award from the Georgia Department of Audits and Accounts for Excellence in its Financial Audit for the second year.
The press release for the award states:
The Gilmer County Board of Education earned the” Award of Distinction for Excellent Financial Reporting ” issued by the Georgia Department of Audits and Accounts for FY 2017. 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.
Though the Board receives the award as the reporting entity, they lay the recognition at the feet of Chief Financial Officer Trina Penland and the finance staff who manage the preparations and reporting for the Board.
According to Mary Dilbeck of the Department of Audits and Accounts, they delivered only 32 of these awards out of the 159 entities they do the audits for, stating the rest are covered by CPA firms. The award showcases a reporting excellence recognized by the state agency. However, it was also noted that many entities pay consulting firms to prepare the financial reports. The Gilmer BOE does not pay an outside firm as Penland and her staff prepares the documents and filings themselves.
This award 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.