For the third consecutive year, an independent auditor has found Charles County Public Schools’ (CCPS) financial reports in order.
Financial auditors presented CCPS with an opinion that they found of no material weaknesses—meaning they found no deficiency in the school system’s internal controls—during its annual audit of the school system’s basic financial statements.
Bill Early, an auditor with CliftonLarsonAllen LLP, presented the Board of Education an overview of its report on internal controls over financial reporting and on compliance and other matters. Audits of the CCPS financial statements are performed in accordance with government auditing standards. The audit is for the 2018-19 school year, which ended June 30, 2019.
Early guided the Board through the audit, identifying pages where information, like financial statements and fund balances, could be found. He commended the Board on funding its pension at 95.4 percent, but cautioned them that contributions to Other Post-employment Benefits (OPEB) are low and could become a long-term liability. He said all schools show a positive budget balance.
The CCPS fiscal year 2020 operating budget is $382.9 million. The general fund pays for the school system’s day-to-day operations. The state funds the largest portion of budget, contributing 50.1 percent. The county funds 48.8 percent of the CCPS budget. The remaining funds come from the federal government and other sources.
The school system’s financial audits can be found on the Charles County Public Schools website at https://www.ccboe.com/index.php/budget.
Charles County Public Schools provides 27,400 students in grades prekindergarten through 12 with an academically challenging education. Located in Southern Maryland, Charles County Public Schools has 37 schools that offer a technologically advanced, progressive and high quality education that builds character, equips for leadership and prepares students for life, careers and higher education.
The Charles County public school system does not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, age or disability in its programs, activities or employment practices. For inquiries, please contact Kathy Kiessling, Title IX/ADA/Section 504 Coordinator (students) or Nikial Majors, Title IX/ADA/Section 504 coordinator (employees/ adults), at Charles County Public Schools, Jesse L. Starkey Administration Building, P.O. Box 2770, La Plata, MD 20646; 301-932-6610/301-870-3814. For special accommodations call 301-934-7230 or TDD 1-800-735-2258 two weeks prior to the event.