Orange Beach City Schools secures unmodified audit opinion in first independent financial audit

GCM Staff Report
Posted 4/26/24

Orange Beach City Schools announced the successful completion of its first independent financial audit. According to a news release, the audit concluded with an unmodified opinion, the highest …

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Orange Beach City Schools secures unmodified audit opinion in first independent financial audit

Posted

Orange Beach City Schools announced the successful completion of its first independent financial audit. According to a news release, the audit concluded with an unmodified opinion, the highest possible rating, affirming that the district's financial statements adhere to generally accepted accounting principles (GAAP) and accurately represent its financial status.

This unmodified opinion highlights Orange Beach City Schools' dedication to transparency and prudent financial management. It signifies that the district's financial practices and reporting are robust, providing a reliable foundation for financial decision-making.

"This achievement is a testament to the hard work and dedication of our CSFO, finance department, administration, faculty and staff. Our team's commitment to maintaining strict financial controls and accurate reporting has set a high standard for years to come," Superintendent Randy Wilkes said in the release. "We are deeply proud of this result and what it signifies."

The successful audit demonstrates Orange Beach City Schools' fiscal well-being and reinforces the strong partnership with the community, parents and stakeholders. The district remains steadfast in upholding the highest standards of financial integrity and accountability.