Rockwood School District Finances Receive Highest-Level Opinion from Independent Auditors
The certified public accounting firm Kerber, Eck and Braeckel LLP again gave Rockwood School District finances an unqualified opinion during its recent, independent audit. The district's finances reflects Eureka and Wildwood local schools: Fairway Elementary; Pond Elementary; Eureka Elementary; Blevins Elementary; Geggie Elementary; Babler Elementary; Green Pines Elementary; LaSalle Springs Middle; Rockwood Valley Middle; Wildwood Middle; Lafayette High School and Eureka High School.
The audit commends the district for the following:
• Accurate financial reports
• Appropriate management procedures and internal controls
• Compliance with federal and state statutes and bond policy
Brian Wuertz, CPA, the lead engagement partner for the independent management team, noted that an “unqualified opinion” shows there are no reservations concerning the financial statements of the district. This is the highest level of issuance for an audit.
“Rockwood is committed to professional and conservative financial management,” said Steve Smith, board of education president. “The auditors confirmed that Rockwood continues to meet the highest standards in government accounting and financial reporting.”
The Rockwood School District’s financial management was independently confirmed with a Moody's bond rating of AA2 and a Standard and Poor's rating of AAA — one of only 68 school districts nationwide to receive such a high rating.
Questions concerning this audit may be addressed to Shirley Broz, CPA, Rockwood's chief financial and legislative Officer at 636-733-2019.
View the 2011 Comprehensive Annual Financial Report.