Finance and Business Services
Welcome to the GCS Finance Department. The Finance Department is responsible for 1) managing and maintaining all financial records in conformity with generally accepted accounting principles and in compliance with State and Federal laws, 2) developing and maintaining effective and efficient financial planning, 3) supporting the financial operations of the individual schools, and 4) safeguarding the school system’s assets and taxpayer funds. The primary functions of the Finance Department includes:
- Annual budget
- Comprehensive annual financial report (CAFR)
- Payroll processing
- Accounts payable
- Purchase order processing
- Employee safety and risk management
- Cash receipts
- Reporting to and compliance with federal, State, and local regulators
Financial Reporting Awards - Since 1993 and 1997, respectively, our Comprehensive Annual Financial Report earned the Government Finance Officers Association of the United States and Canada (GFOA) Certificate of Achievement for Excellence in Financial Reporting and the Association of School Business Officials International (ASBO) Certificate of Excellence in Financial Reporting awards. In order to receive these prestigious awards, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. The report must satisfy both generally accepted accounting principles and applicable legal requirements. The Certificate of Achievement and Certificate of Excellence are valid for a period of one year only. We believe our current report continues to conform to the GFOA and ASBO requirements, and we will submit it for determination of its eligibility for renewed awards.
In addition, our Finance Department received the State Board of Education Recognition of Achievement in Financial Resource Management award. This award is presented annually to finance officers of those districts with no audit exceptions for certified personnel paid from State or federal funds, and no position or months of employment allotment exceptions.
Thank you for visiting our web page. You may contact us at 704-866-6186 if you have any questions, or need any additional information.
Gary F. Hoskins
Chief Financial Officer