WCPSS Honored for Accounting and Financial Management
May 23, 2007 - The Wake County Board of Education was awarded the 2005-2006 State Treasurer's Award for Excellence in Accounting and Financial Management for the establishment of a Fraud Prevention Program, internal control improvement, and implementation of a budget manager certification program.
Vance Holloman, deputy state treasurer, presented the award at the May 22 school board meeting to chief business officer David Neter on behalf of state treasurer Richard Moore. Holloman said, "You are very fortunate to have dedicated employees such as Dr. Burns, David Neter and [finance officer] Mark Winters in the system, and the citizens of our county are also fortunate to have such good employees."
The State Treasurer's Award for Excellence is a joint effort of the North Carolina Department of the State Treasurer and the North Carolina Association of Certified Public Accountants. Its purpose is to encourage all units of local government in North Carolina to upgrade their accounting and financial management programs, systems, methods and procedures. WCPSS's entry in the award program was evaluated by the Governmental Accounting and Auditing Committee of the CPA association.
Holloman said that WCPSS's successful entry was evaluated on the nature of the changes made and whether the programs could be replicated in other units.
In a letter announcing the award, Moore wrote, "These improvements will safeguard the school system's assets and save money, as well as promote effectiveness and efficiency."
"The improved and new business processes that are the basis for receiving this award exemplify our focus on ongoing improvement," said Neter. "We must continue to bring best business practices into the school system."
"It is a team effort," said superintendent Del Burns. "And it gives me great comfort knowing we have great business folks working with the business side of the Wake County Public School System."