The Office of the State Auditor has released the Jefferson Davis County School District annual financial audit for the year ending June 30, 2013.

“These audits are designed to identify and correct any financial and compliance issues found within the school district,” State Auditor Stacey Pickering said. “I thank the Jefferson Davis County School District for their cooperation during this audit.”

The audit, performed by Charles L. Shivers, CPA on behalf of the Office of State Auditor, was performed pursuant to Section 37-9-18(4), Mississippi Code Ann. (1972). The audit was performed in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States.

An audit presentation was given at the school board meeting Monday night.  Mr. Shivers explained that there are four main components of an audit:  financial statements, assessment of county controls, federal compliance and state compliance.  During the reviewing of financial statements, it was determined that proceeds from timber sales were not credited into the Forestry Escrow Fund, but were transferred as soon as the staff was made aware of the finding. Mr. Shivers stated our county got a clean opinion and was in good shape regarding financial statements.

There were no deficiencies reported in assessment of county controls.

The third component, being federal compliance, has a chosen subject matter each year.   This year the child nutrition program was audited.  They evaluated the controls surrounding this and found a clean compliance.

In the state compliance area there was zero non-compliance.

“Jefferson Davis County should be commended for an outstanding job.  Very few school districts have an audit this clean with zero deficiencies in county controls.  We just don’t give these (clean audits) away-you earned it”, said Shivers.

“We are proud of our school system in Jefferson Davis County and hope our community knows we are being good stewards with their tax paying dollars”, said Superintendent Ike Haynes.

The full audit can be accessed here: http://www.osa.ms.gov/documents/schools/2013/13sjedac-cpa.pdf.