Lakota Earns Auditor of State Award with Distinction

Lakota Earns Auditor of State Award with Distinction
Posted on 02/22/2018
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The Auditor of State’s Office has presented Lakota Local Schools with the “Auditor of State Award with Distinction.”  This is the 4th consecutive year the district has earned this prestigious award. 

“Lakota Local Schools is committed to strong fiscal management and we’ve made significant changes to the way we operate our schools,” said Treasurer and Chief Financial Officer Jenni Logan.  “We maintain a lean operation and have held the line on expenses to ensure the most efficient budget possible while also expanding services for students.  This creates a tremendous value for both families and residents.” 

The Auditor of State Award with Distinction is given to entities that file a Comprehensive Annual Financial Report (CAFR) and timely financial reports in accordance with Generally Accepted Accounting Principles (GAAP) as well as receive a “clean” audit report.  The “clean” audit report means that the financial audit did not contain findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or any questioned costs. 

“As a community and school district we have come together and worked hard to ensure that our students have what they need to be successful while also ensuring an effective and efficient daily operation in our schools,” noted Logan.  “Thanks to the support of our community and the efforts of our staff we have moved beyond the dark financial times of our district and are now earning awards for our financial excellence.”