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Finance Department Receives Awards for Excellence in Financial Management and Reporting

Harnett County Schools Finance Department Receives NC State Board of Education Achievement Award, Government Finance Officers Association, and Association of School Business Officials Awards for Excellence in Financial Management and Reporting

 

October 8, 2020

LILLINGTON, NC -- Harnett County Schools Finance Department was recognized for receiving the North Carolina State Schools’ Achievement in Financial Resource Management, the Government Finance Officers Association (GFOA) Comprehensive Annual Financial Report (CAFR) award, and the Association of School Business Officials (ASBO) Comprehensive Annual Financial Report (CAFR) award.

Harnett County Schools received the NC State Board of Education Achievement in Financial Resource Management Award for the 2019 fiscal year, which is presented by the State Board of Education to school units who do an excellent job in managing the North Carolina State Public School Fund in the following areas:

  • Effective Cash Management-Cash Zero out
  • Salary Audit Exceptions
  • State and Federal Position Allotments
  • State Dollar Allotments – No overspent or underspent allocations
  • Monitor Invalid Expenditure Codes
  • UERS Data Compliance – No errors in reporting

The certificate of Achievement for Excellence in Financial Reporting has been awarded to Harnett County Schools by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.  

The Association of School Business Officials (ASBO) International awarded Harnett County Schools the Certificate of Excellence in Financial Reporting for the fiscal year ending 2019. This award represents a significant achievement and reflects HCS Finance Department’s commitment to transparency and high-quality financial reporting.

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About North Carolina State Board of Education Recognition of Achievement in Financial Resource Management (State Board Award)

This award is presented annually to finance offices when they have shown effective cash management and use of state funds, accurate and timely financial reporting, and no salary audit exceptions or position overdrafts as of fiscal year-end.

About Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting (GFOA)  

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.  This is the highest form of recognition in the area of governmental accounting and financial reporting.

 

About the Association of School Business Officials Certificate of Excellence in Financial Reporting (ASBO)

This national award is given annually to school business officials who have voluntarily submitted their school system's Comprehensive Annual Financial Report (CAFR) for review.  The ASBO Panel of Review presents this award for those CAFRs which meet or exceed ASBO Standards.  This recognition represents a significant achievement and reflects a high level of commitment to fiscal integrity. To receive the award, the district must satisfy guidelines for effective, high-quality financial reporting recognized by school business officials. A district earning the Certificate of Excellence receives not only the award but enhanced credibility for the financial management of its school system.  

 

 

Harnett County Schools Finance Department Photo

Pictured from Left to Right:

First row:  Malinda Holder, Carmen Matthews, Tammy Magill, and Paula Holder.

Second Row: Tracy Johnson, Kelli Frey, Stephanie McRae, Laura Hurd, Wanda Barefoot, Henry Smith, Rhonda Parker, Angie Stone, Milva Clark, and Linda James.

Not pictured: Veronica Houston