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LAWTON INDEPENDENT SCHOOL DISTRICT NO. I-8COMANCHE COUNTY, OKLAHOMAFINANCIAL STATEMENTSAND INDEPENDENT AUDITOR’S REPORTSJUNE 30, 2019Audited bySANDERS, BLEDSOE & HEWETTCERTIFIED PUBLIC ACCOUNTANTS, LLPBROKEN ARROW, OK
LAWTON INDEPENDENT SCHOOL DISTRICT NO. I-8COMANCHE COUNTY, OKLAHOMAJUNE 30, 2019BOARD OF EDUCATIONPresidentCarla ClodfelterVice-PresidentPatty NeuwirthMembersMary BradleyKelly EdwardsKent JesterMilitary RepresentativeCol. Don KingClerk of BoardKathy Bentleywww.lawtonps.org
LAWTON INDEPENDENT SCHOOL DISTRICT NO. I-8COMANCHE COUNTY, OKLAHOMAJUNE 30, 2019TABLE OF CONTENTSPageIndependent Auditor’s Report1Management’s Discussion and Analysis (unaudited)4Basic Financial Statements:Government-wide Financial Statements:Statement of Net Position – Regulatory BasisStatement of Activities – Regulatory Basis1415Fund Financial Statements:Balance Sheet – Governmental Funds – Regulatory BasisStatement of Revenues, Expenditures, and Changes inFund Balance – Government Funds – Regulatory BasisReconciliation of the Statement of Revenues, Expenditures,and Changes in Fund Balances of Governmental Fundsto the Statement of Activities – Regulatory BasisNotes to Financial StatementsOther Supplemental Information:Budgetary Comparison Schedule – General FundBudgetary Comparison Schedule – Building FundBudgetary Comparison Schedule – Municipal Tax FundsBudgetary Comparison Schedule – Bond FundsBudgetary Comparison Schedule – Sinking Funds161718193435363738Combining and Individual Fund Statements and Schedules:Combining Balance Sheet –Capital Projects Funds – Regulatory BasisCombining Statement of Revenues, Expenditures andChanges in Fund Balances –Capital Projects Funds – Regulatory BasisCombining Balance Sheet –Fiduciary Fund Types – Regulatory BasisCombining Statement of Revenues, Expenditures andChanges in Fund Balances –Fiduciary Fund Types – Regulatory Basis42Combining Statement of Assets and Fund Balances – Activity FundSchedule of Expenditures of Federal Awards4346394041
Government Auditing Standards Section:Independent Auditor’s Report on Internal Control over FinancialReporting and on Compliance and Other MattersBased on and Audit of Financial Statements Performed inAccordance with Governmental Auditing Standards48Single Audit Section:Independent Auditor’s Report on Compliance for Each Major Program andInternal Control over Compliance required by the Uniform GuidanceSchedule of Findings and ResponsesSummary Schedule of Prior Year Audit Findings505254Other Information:Statement of Statutory Fidelity and Honesty Bonds (unaudited)Schedule of Accountant’s Professional Liability Insurance (unaudited)5657
INDEPENDENT AUDITOR’S REPORTThe Honorable Board of EducationLawton Independent School District No. 8,Lawton, Comanche County, OklahomaReport on the Financial StatementsWe have audited the accompanying regulatory basis financial statements of the governmental activities, eachmajor fund, and the aggregate remaining fund information of Lawton Independent School District No. 8,Comanche County, Oklahoma as of and for the year ended June 30, 2019, and the related notes to the financialstatements, which collectively comprise the District’s basic financial statements as listed in the table ofcontents.Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements inaccordance with the financial reporting provisions of Oklahoma State Department of Education described inNote 1; this includes the design, implementation, and maintenance of internal control relevant to thepreparation and fair presentation of financial statements that are free from material misstatement, whether dueto fraud or error.Auditor’s ResponsibilityOur responsibility is to express opinions on these financial statements based on our audit. We conducted ouraudit in accordance in accordance with auditing standards generally accepted in the United States of Americaand the standards applicable to financial audits contained in Government Auditing Standards, issued by theComptroller General of the United States. Those standards require that we plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditor’s judgment, including the assessment ofthe risks of material misstatement of the financial statements, whether due to fraud or error. In making thoserisk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentationof the financial records in order to design audit procedures that are appropriate in the circumstances, but notfor the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, weexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies used andthe reasonableness of significant accounting estimates made by management, as well as evaluating the overallpresentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinions.1
Basis for Adverse Opinion on U.S. Generally Accepted Accounting PrinciplesAs described in Note 1, the financial statements are prepared by Lawton Independent School District No. 8,Comanche County, Oklahoma on the basis of the financial reporting provisions of the Oklahoma StateDepartment of Education, which is a basis of accounting other than accounting principles generally acceptedin the United States of America, to meet the requirements of the Oklahoma State Department of Education.The effects on the financial statements of the variances between the regulatory basis of accounting describedin Note 1 and accounting principles generally accepted in the United States of America, although notreasonably determinable, are presumed to be material.Adverse Opinion on U.S. Generally Accepted Accounting PrinciplesIn our opinion, because the significance of the matter discussed in the “Basis for Adverse Opinion on U.S.Generally Accepted Accounting Principles” paragraph, the financial statements referred to above do notpresent fairly, in accordance with accounting principles generally accepted in the United States of America,the financial position of Lawton Independent School District No. 8, Comanche County, Oklahoma, as of June30, 2019, and the respective changes in financial position, and, where applicable, cash flows thereof for theyear then ended.Unmodified Opinion on Regulatory Basis of AccountingIn our opinion, the financial statements referred to above present fairly, in all material respects, the respectiveregulatory basis financial position of the governmental activities, each major fund and the aggregate remainingfund information of the Lawton Independent School District No. 8, Comanche County, Oklahoma, as of June30, 2019, and the respective changes in financial position, and, where applicable, cash flows thereof for theyear then ended, in accordance with the financial reporting provisions of Oklahoma State Department ofEducation as described in Note 1.Other MattersOther InformationOur audit was conducted for the purpose of forming opinions on the financial statements that collectivelycomprise the Lawton Independent School District No. 8, Comanche County, Oklahoma’s basic financialstatements. The management discussion and analysis, budgetary comparison schedules, combining nonmajorfund financial statements, and statement changes in activity fund subaccounts, are presented for purposes ofadditional analysis and are not required part of the basic financial statements. The schedule of expenditures offederal awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards, and is also not a required part of the basic financial statements.The combining nonmajor fund financial fund financial statements, statement of changes in activity fund subaccounts and the schedule of expenditures of federal awards are the responsibility of management and werederived from and relate directly to the underlying accounting and other records used to prepare the basicfinancial statements. Such information has been subjected to the auditing procedures, including comparing andreconciling such information directly to the underlying accounting and other records used to prepare the basicfinancial statements or to the basic financial statements themselves, and other additional procedures inaccordance with auditing standards generally accepted in the United States of America.2
In our opinion, this information is fairly stated in all material respects in relation to the financial statements asa whole.The Oklahoma Department of Education requires management discussion and analysis, budgetary informationand the statement of statutory fidelity and honesty bonds be presented to supplement the financial statements.Such information, although not considered part of the basic financial statements, is required by the OklahomaDepartment of Education, who considers it an essential part of the financial reporting. We have applied certainlimited procedures to this supplemental information which consisted of inquiries of management about themethods of preparing the information and comparing the information for consistency with management’sresponse to our inquiries, the basic financial statements, and other knowledge we obtained during our audit ofthe basic financial statements. We do not express an opinion or provide any assurance on the informationbecause the limited procedures do not provide us with sufficient evidence to express an opinion or provide anyassurance.Other Reporting required by Government Auditing StandardsIn accordance with Government Auditing Standards, we have also issued our report dated February 20, 2020,on our consideration of the Lawton Independent School District No. 8, Comanche County, Oklahoma internalcontrol over financial reporting and on our tests of its compliance with certain provisions of laws, regulations,contracts and grant agreements and other matters. The purpose of that report is to describe the scope of ourtesting of internal control over financial reporting and compliance and the results of that testing, and not toprovide an opinion on the internal control over financial reporting or on compliance. That report is an integralpart of an audit performed in accordance with Government Auditing Standards in considering the LawtonIndependent School District No. 8, Comanche County, Oklahoma internal control over financial reporting andcompliance.Sanders, Bledsoe & HewettCertified Public Accountants, LLPFebruary 20, 20203
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019IntroductionThe discussion and analysis of Lawton Public Schools (the District) financial performance providesan overall review of district financial activities for the fiscal year ended June 30, 2019. The intentof this discussion is to convey relevant facts and commentary regarding the financial performanceof the organization for the reporting period. A thorough examination of the financial statementsand thoughtful reading of the related notes to those statements will aid in evaluating the financialposition of the District.The financial highlights of Fiscal Years 2018 and 2019 and a comparative analysis of financialinformation from those years is presented to aid the reader in a more meaningful understanding ofthe District’s financial performance for Fiscal Year 2019.Financial HighlightsFiscal Year 2019 operations generated significant budget activity for the General Fund.Current information is presented alongside that of Fiscal Year 2018 and Fiscal Year 2019 toillustrate changes in General Fund balance. All years are presented on the modified accrualbasis of accounting.FY2017FY2018FY2019Beg Balance 12,498,342 16,857,009 18,009,399Revenue 112,381,447 110,543,004 121,193,462Expenses 108,022,780 109,390,614 124,666,577End Balance 16,857,009 18,009,399 14,536,284The 2019 school year included the fifth year of a five year Municipal Tax Fund (2015), passedby the voters on August 26, 2014 for 12,500,000 be used for Building Repairs/Renovations,Windows, HVAC, Roofs, Grounds Repairs/Renovations, and District Vehicles.The 2019 school year also included the sixth year of a ten year Bond Fund (2014), passed by thevoters on April 1, 2014 for 21,610,000 to be used for Building Repairs/Renovations to includeconstructing, equipping, repairing, and remodeling of sites, Furniture, Fixtures, and Equipment.It was also approved for 7,150,000 to be used for Transportation Equipment.The 2019 school year also in the second year of a ten year Bond Fund (2017), passed by thevoters on November 14, 2017 for 99,500,000 to be used for the construction of Eisenhower4
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Middle School, Safe Rooms, Student Technology, Classroom Technology, General Education,Program Equipment, Furniture, Auditoriums, Athletics, Tracks, and Maintenance.The construction of Freedom Elementary funded by the City Sales Tax and a Department ofDefense grant began during the final part 2012-2013 school year. At the end of 2018-2019, theproject was completed with Silver LEED certification.Net Assessed valuation amounts and growth rates are presented below. Prospects for continuedgrowth in local revenues appear to be good. Net Assessed valuation provides the basis for thecalculation of county Ad Valorem (property) taxes that are distributed to the District each year.The benefit of this growth impacts both the general and building funds.YearNet Assessed ValuationGrowth201720182019 428,788,793.00 431,291,108.00 430,288,210.001.4%0.6%-0.2%Overview of the Financial StatementsThis discussion and analysis is intended to serve as an introduction of the District’s basic financialstatements. These statements are organized so the user can understand the Lawton School Districtas a financial whole. The District’s basic financial statements comprise three components: 1)government-wide financial statements, 2) fund financial statements, and 3) notes to the financialstatements. This report also contains other supplementary information in addition to the basicfinancial statements themselves.Government-Wide Financial Statements. The government-wide financial statements are designedto provide readers with a broad overview of the District’s finances, in a manner similar to aprivate-sector business.The statement of net assets represents information on all of the District’s assets and liabilities, withthe difference between assets and liabilities reported as net assets. Over time, increases ordecreases in net assets may serve as a useful indicator of whether the financial position of theDistrict is improving or deteriorating.The statement of activities presents information showing how the District’s net assets changedduring the most recent fiscal year. All changes in net assets are reported as soon as the underlyingevent giving rise to the change occurs, regardless of the timing of related cash flows.5
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Thus, revenues and expenses are reported in this statement for some items that will only result incash flows in future periods (e.g. uncollected taxes and earned but unused vacation leave).The governmental activities of the District include regular and special education, transportationand administration and include the child nutrition program. The government-wide financialstatements can be found on pages 14-15 of this report.Fund Financial Statements. A fund is a grouping of related accounts used to maintain control overresources that have been segregated for specific activities or objectives. The District, like otherstate and local governments, uses fund account to ensure and demonstrate compliance with financerelated legal requirements. All of the funds of the District can be divided into three categories:governmental funds, proprietary funds and fiduciary funds.Governmental funds. Governmental funds are used to account for essentially the same functionsreported as governmental activities in the government-wide financial statements. However, unlikethe government-wide financial statements, governmental fund financial statements focus on nearterm inflows and outflows of expendable resources, as well as on balances of spending, resourcesavailable at the end of the fiscal year. Such information may be useful in evaluating the Districtnear-term financing requirements. Most of the District’s basic services are included here, such asregular and special education, transportation, administration, and the child nutrition program.Property taxes, federal and state grants, and state aid formula finance most of these activities.Because of focus of government funds is narrower than that of the government-wide financialstatements, it is useful to compare the information presented for government funds with similarinformation presented for governmental activities in the government-wide financial statements. Bydoing so, readers may better understand the long-term impact of the government’s near-termfinancing decisions. Both the government fund balance sheet and the government fund statement ofrevenues, expenditures, and changes in fund balances provide a reconciliation to facilitate thiscomparison between governmental funds and governmental activities.The District maintains seven individual governmental funds. Information is presented separately inthe governmental fund balance sheet and in the government fund statement of revenues,expenditures, and changes in fund balances for the general fund (11), sinking fund (41), buildingfund (21), and two municipal tax funds (25, 26), three bond funds (31, 32, 33), one lease revenue(34), all of which are considered to be major funds. Data from the other four governmental fundsare combined into a single, aggregated presentation which includes the student activity (60) andthe three trust funds endowment (50), gifts (81), workers comp (83).The District adopts an annual appropriated budget for its general and building funds. A budgetarycomparison statement has been provided for the general fund and building fund to demonstratecompliance with its budget.The basic governmental fund financial statements can be found on pages 16 -17 and areconciliation of the government wide totals can be found on page 18.6
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Fiduciary Funds. Fiduciary funds are used to account for resources held for the benefit of partiesoutside the government. The District is responsible for ensuring that the assets reported in thesefunds are used only for their intended purposes and by those to whom the assets belong. Fiduciaryfunds are not reflected in the government- wide financial statements because the resources of thosefunds are not available to support the District’s own programs. The District maintains theendowment fund (50) (private purpose trust) as a fiduciary fund. The fiduciary fund financialstatements can be found on pages 41-42 of this report.Proprietary Funds. Proprietary funds are used to account for resources held for workerscompensation (83) claims. The District is responsible for ensuring that the assets reported in thesefunds are used only for their intended purposes and by those to whom the assets belong. Theproprietary fund financial statements can be found on pages 41-42 of this report.Notes to the financial statements. The notes provide additional information that is essential to afull understanding of the data provided in the government-wide and fund financial statements. Thenotes to the financial statement can be found on pages 19-33 of this report.Other information. In addition to the basic financial statements and accompanying notes, thisreport also presents certain required supplementary information including budgetary comparisonschedules for the general and building funds. Required supplementary information can be found onpages 34-47 of this report. Other supplementary information can be found on the table of contentsfor additional analysis.Government-Wide Financial AnalysisStatement of Net Position. Net assets serve over time as a useful indicator of a government’sfinancial position. The change in net assets is important because it identifies whether the financialposition of the District has improved or diminished. At the close of the FY 2019, the District’sassets exceeded liabilities by 141,036,389.7
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Lawton Independent School District No. 8Comanche CountyComparative Statement of Net PositionFY 18 vs. FY 19Governmental ActivitiesFY 2018FY 2019Difference%ChangeAssetsCurrent assets Capital and other assets Total assetsLiabilities105,242,262- 88,908,362 (16,333,900) 144,749,497 144,749,497-16%#DIV/0! 105,242,262 233,657,859 128,415,597122%Current liabilities 14,771,951 19,834,806 5,062,85534%Long-term liabilities 71,217,744 72,786,664 1,568,9202% 85,989,695 92,621,470 6,631,7758%assets (4,703,866) 71,962,833 76,666,699-1630%Restricted 7,512,960 54,537,273 47,024,313626%UnrestrictedTotal Net Position 16,443,473 19,252,567Total liabilitiesNet PositionNet Investment in capital 14,536,283 141,036,389 (1,907,190) 121,783,822-12%633%By far the largest portion of the District’s net assets reflects its investment in capital assets, less anyrelated debt that is still outstanding that was used to acquire those assets. The District uses thesecapital assets to provide instruction, support, and transportation services; consequently, theseassets are not available for future spending. Although the District’s investment in capital assets isreported net related debt, it should be noted that the resources needed to repay this debt must beprovided from other sources, since the capital assets themselves cannot be used to liquidate theseliabilities.An additional portion of the District’s net assets represents resources that are subject to externalrestrictions on how they may be used. The remaining balance of unassigned net assets, 14,536,283 may be used to meet the District’s ongoing obligations to citizens and creditors.The change in Net Position is due to the fixed assets not included in the FY18 school year and restated in the FY19 school year.At the end of the current fiscal year, the District was able to report positive balances in all threecategories of net assets.8
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Change in Net Position. Net changes may be the result of many factors, including, but not limitedto, state and federal funding, changes in the property tax base, investment rates of return, bondactivity and current legislation affecting school funding or education mandates.In the Statement of Net Assets and the Statement of Activities, all district activities are considered tobe of the governmental type. This includes instruction, support services, operation andmaintenance of plant, pupil transportation, and extracurricular activities.Lawton Independent School District No. 8Comanche CountyComparative Change in Net PositionFY 18 vs. FY 19Governmental Activities%Revenues:Program RevenuesCharges for servicesOperating Grants/ContributionsCapital Grants/ContributionsGeneral RevenuesProperty TaxesState Formula AidFederal Formula AidGeneral TaxesOtherTotal RevenueExpenditures:InstructionSupport ServicesNon-instruction servicesOtherTotal ExpendituresFY 2019 3,918,215 16,303,973 155,734 1,376,704 15,495,410 - 767,409 6,949,245 4,997,087 10,527,264 123,999 (2,753,988) 35,793,282 45,181,83619%15%2%-28%98%27% 59,889,88653,561,42213,882,764226,395127,560,467 71,396,74657,047,6468,649,20922,583,965159,677,566 11,506,860 3,486,224 (5,233,555) 22,357,570 32,117,09916%6%-61%99%20% 13,064,737 108,719,085 121,783,822180%81%86%Change in Net Position (5,793,058)Net Position - Beginning, restated 25,045,625Net Position - Ending 19,252,567 7,271,679 133,764,710 141,036,3899DifferenceChangeFY 2018(2,541,511) -185%(808,563)-5%(155,734) #DIV/0!
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019The change in ending Net Position is due to the fixed assets not included in the FY18 school yearand re-stated in the FY19 school year.Financial Analysis of the Government’s FundsAs noted earlier, the District uses fund accounting to ensure and demonstrate compliance withbudgetary and finance-related legal requirements.Governmental funds. The general fund is the chief operating fund of the District. At June 30,2019, the general fund cash fund balance was 14,758,751 with 14,536,283 unassigned and 222,468 non-spendable.The costs of the District’s main activities: instruction, support services, non-instruction services,capital outlay, and debt service are shown in comparison from FY18 to FY19.Lawton Independent School District No. 8Comanche CountyComparison of Total CostsFY 18 vs. FY 19%FY 2018FY 2019ChangeChangeInstruction 60,114,400 71,587,827 11,473,42716.03%Support services 53,544,134 57,047,646 3,503,5126.14%Non-instructional services 8,203,095 8,641,417 438,3225.07%Capital outlay 4,936,943 30,953,856 26,016,91384.05%Debit Service 1,877,310 4,145,467 2,268,15754.71%Other outlays 271,303 113,077Total cost of services 128,947,185 172,489,290( 158,226) -139.93% 43,542,10525.24%There was a increase in Instruction by 11,473,381 as a results of the purchase of approximately 4,000.000 for textbook and the state mandated salary increases. However, the largest increaseshown in0 Capital outlay was a result of the construction of Eisenhower Middle School.10
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Capital Assets and Debit AdministrationCapital Assets. The greatest increase in the District’s capital assets comes in the areas ofConstruction in Progress related to the construction of Eisenhower Middle School.The capital assets (less land and construction in progress) increased by 19,055,481 beforedepreciation and 14,334,893 net, after depreciation. The overall capital assets increased by 31,576,429 (including land and construction in progress) with the largest increases showing in thearea of Sites Improvements related to the construction of the Safe Rooms.Lawton Independent School District No. 8Comanche CountyComparison of Capital Assets, Net of DepreciationFY 18 vs. FY 19FY 2018Capital Assets (not depreciated)LandConstruction in ProgressTotal Capital Assets (not depreciated) Capital Assets (depreciated)BuildingsImprovementsFurniture and EquipmentMusical InstrumentsComputersVehiclesTotal Capital Assets (depreciated) 011,250,894.0413,179,613.96176,345,482.13 ed DepreciationBuildingsImprovementsFurniture and EquipmentMusical InstrumentsComputersVehiclesTotal Accumulated Depreciation ) )Total Net Capital Assets (depreciated) 102,919,829.25 Net Government Activity- Capital Assets 2,951,394.94 7,301,842.72 10,253,237.66 113,173,066.9111Increase/DecreaseFY 2019 2,951,394.94 24,543,378.82 27,494,773.76 %Change17,241,536.1017,241,536.100%70%63% 91.9819,055,480.850%36%1%3%12%12%10% 10%6%117,254,722.54 14,334,893.2912%31,576,429.3922%144,749,496.30
Lawton Independent School District No. I-8Comanche County, OklahomaManagement’s Discussion and Analysis (unaudited)For the Fiscal Year Ending June 30, 2019Additional information concerning the District’s Capital Assets is contained in the notes to thefinancial statements on page 31.Debt. At the close of FY 2019 the Districts Bonds Payable increased by net 10,465,000, theaccrued compensated absences decreased by 131,163, and the Lease Revenue Bond (EisenhowerMiddle School)debit decreased by 8,705,000.Lawton Independent School District No. 8Comanche CountyComparison of Long-Term LiabilitiesFY 18 vs. FY 18FY2018Bonds PayableAccrued compensated absencesLease Revenue BondTotal long-term liabilitiesFY2019 14,695,000 1,462,827 55,000,000 71,157,827 25,160,000 1,331,664 46,295,000 72,786,664Increase/Decrease 10,465,000- 131,163- 8,705,000 1,628,837%Change42%-10%-19%2%Additional information concerning the District’s long-term liabilities is contained in the notes to thefinancial statements on page
lawton independent school district no. i-8 comanche county, oklahoma . and independent auditor's reports june 30, 2019 audited by sanders, bledsoe & hewett certified public accountants, llp broken arrow, ok . lawton independent school district no. i-8 comanche county, oklahoma june 30, 2019 . certified public accountants, llp february 20 .
