Orangeburg Consolidated School District 4 received an unmodified opinion on internal controls, policies and procedures for fiscal year 2018. This is the best opinion a district can receive, according to Greene Finney LLP.
The district showed significant improvement on the year-end closing process and entries over last year, according to the accounting firm.
The audit firm found that District 4's General Fund unrestricted fund balance was $2,497,000, or about 7.8 percent of the operating expenditures for the year ending on June 30, 2018.
This total was just under the 8.3 percent required by state law.
Expenditures for the year exceeded the budget of $31,872 by $179,000.
Greene Finney LLP recommended the district seek ways to increase the fund balance to meet state requirements.
Penny Sturgill presented information to the board of trustees about the district’s 2017-18 state report card results.
OCSD4 scored significantly higher than other county districts in 12 of 16 areas, including SC Ready English Language, SC Ready Math, SC PASS Science and SC PASS Social Studies. The district's highest score was 60.10 percent on social studies.
Second graders on track for success in ELA and math also outscored other districts with 34.40 percent and 43.50 percent, respectively.