The Schools of Guntersville got a clean audit on their books for the 2017-18 fiscal year that ended Sept. 30 of last year. The Board’s accountain went over the audit with the City School Board at one of its most recent meetings.
He said the only finding was what is often found in schools. It’s hard to have the separation of duties recommended by accounting standards at the local schools.
He said they are looking at some procedures to remedy that.
There was a different way of accounting for future pension benefits for employees that impacted this years financial statements, Lee said.
The Board unanimously adopted the audit findings.