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ARCHS' FY 2015 Audit

audit2015

Independent auditors have given ARCHS a "no opinion issued" or "clean" audit for the 14th consecutive fiscal year. ARCHS' FY 2015 (July 1, 2014-June 30, 2015) financial audit was reviewed and approved by ARCHS' Board of Directors at the December 9, 2015 meeting.

Issuance of "no opinion" means an auditor, upon review of an organization's financial statements and accompanying notes, concluded that the financial  tatements and accompanying notes are presented fairly, conform to generally accepted accounting principles, and fairly represent the true financial picture of the organization.

"These audits assure ARCHS' funders and partners that the organization is responsibly and properly managing the resources assigned to us," said ARCHS' Chief Executive Officer Wendell E. Kimbrough. "Our accounting controls ensure we are able to fund and enhance the delivery of more than 18 education and social service programs that annually improve the lives of more than 90,000 St. Louisans."

For the sixth consecutive year, ARCHS has also successfully completed a federal A-133 audit for its work with federal funding. An A-133 audit is required for any organization that expends more than $500,000 in a year in funding from the federal government.

During FY 2015, ARCHS had a $16.5 million impact on the region. Within that number, $6.3 million were grants and other revenues, and $10.2 million were funds/resources secured by ARCHS' education and social service program partners.