Fayette schools: District earned perfect external audit for a fifth straight year

Fayette County Public Schools’ officials reported Monday it earned a perfect external audit for a fifth straight year, “underscoring the district’s commitment to financial transparency, accountability, and excellence,” district leaders said.

Representatives from the Tennessee-based firm LBMC presented their conclusions to the Fayette County Board of Education in November, delivering an unmodified opinion with no management comments or findings.

Data from the Kentucky Department of Education shows 25 school districts in the commonwealth achieved that distinction in 2023, district officials said Monday in a news release.

An external school district audit is a rigorous, objective, systematic review of financial records, transactions, and internal controls to identify any financial irregularities or lack of compliance, district officials said.

“As public educators funded by taxpayer dollars, we hold ourselves to the highest standard of accountability,” said Superintendent Demetrus Liggins.

“This achievement assures our community that we are managing their investment responsibly and serves as a testament to the district’s dedication to safeguard taxpayer dollars and comply with state, federal and local regulations.”