20-230: Annual Financial Audit

 ACPS Logo 

P.O. Drawer 140, 100 Central Circle

Low Moor, VA  24457

540-863-1800          540-863-1804 fax

 

 

 

 

 

DATE:  March 17, 2020

INFORMATION ITEM

 

SUBJECT

Fiscal Year 2019 Financial Audit

RATIONALE

The fiscal year 2019 financial audit will be presented by Corbin C. Stone, Managing Director with Robinson, Farmer, Cox Associates. The audit concluded that the School Board ended the year “in accordance with accounting principles generally accepted in the United States of America.” The audit did note that annual disclosure forms (economic interest forms) were not completely filled out by two School Board members and recommended that someone review these forms when filed to determine if all applicable questions have been answered.

ESTIMATED COSTS

n/a

BUDGET CATEGORY

n/a

LEGAL REFERENCE

n/a

STAFF CONTACTS

Gene Kotulka and/or Keven Rice

SUPERINTENDENT’S

RECOMMENDATION

n/a

 

Attached – Fiscal Year 2019 Financial Audit