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Article: OKLAHOMA CITY: Oklahoma City Public Schools Receives Fourth Consecutive Clean Audit and Continues to Grow Reserve Funds
- Article from:
- Targeted News Service
- Article date:
- May 29, 2007
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The Oklahoma City Public Schools have issued the following news release:
For the fourth consecutive year, the Oklahoma City Public Schools (OKCPS) received a clean audit report, announced Cliff Hudson, Chairman of the OKCPS Board of Education. The public accounting firm of Cole & Reed issued the audit of financial statements, which covers the 2005-06 school year.
OKCPS also increased its fund balance in 2005-2006 to $10.6 million, reflecting the continued financial improvement of the District. Four years ago the District's balance was precariously low at less than $7,000.
"I am very pleased with the progress the District has made the past four years. We have made major leaps in ...