OCSD Receives a Clean Audit Report • Year ending June 30, 2023
ORANGEBURG, S.C. – During the December 12, 2023, Orangeburg County School District Board Meeting, the Board received a presentation on the audit for the fiscal year ending June 30, 2023. OCSD received an unmodified opinion – which means it is a clean opinion, the highest level of financial assurance that can be given. Also, the audit found no material weaknesses or significant deficiencies in the district's financial operations.
OCSD's Superintendent, Dr. Shawn Foster, commended the entire finance team, led by Assistant Superintendent Gail Sanders, for the positive audit. He shared, "as a result of making strategic financial decisions, OCSD was able to not only provide funding for all necessary initiatives but also realize more than $10.8 million to add to this year’s fund balance (rainy day fund),” he continued.
Further, Dr. Foster shared that over the last four years, OCSD has been able to add a collective $36 million to the fund balance.
The audit report was presented by Brian Nicholoson, with the accounting firm Mauldin and Jenkins LLC. The 2023 audit results exemplify OCSD maintaining fiscal responsibility, accountability, and transparency.
Assistant Superintendent Gail Sanders said, "Our finance team worked tremendously hard to ensure that OCSD's audit would be successful." She continued, "the team is committed to showing good stewardship for the funds entrusted to us, as we support the students of OCSD as they prepare to be productive citizens in our dynamic, global society."