Wayne Trace Local School District Financial Records “Unauditable”

Thursday, September 18, 2014

Columbus – As a result of inadequate financial records, Auditor of State Dave Yost has placed Wayne Trace Local School District (Paulding County) on the “unauditable” list. 

“Poor records lead to poor service for taxpayers,” Auditor Yost said. “Auditable records must be provided to complete the audit and ensure accountability for the residents of Wayne Trace Local School District.”

During the course of the regular financial audit of Wayne Trace Local School District for the period July 1, 2013 through June 30, 2014 it was determined that the conditions of the school district’s financial records were not adequate to complete the audit.  In a letter to the school district, the Auditor of State’s office provided a list of what is required to complete the audit.

Within 90 days of the date of the letter, Wayne Trace Local School District must revise its financial records and provide the necessary data.  Failure to bring records to an auditable condition may result in legal action, including the possibility of the attorney general issuing a subpoena to district officials to explain the condition of records.  The attorney general may also file suit to compel the officials to prepare and/or produce the required information.

The Auditor of State’s Local Government Section (LGS) is available to district officials to assist in bringing records to an auditable condition.  LGS provides a wide variety of services to local governments, including reconstructing financial records and aid in the reconciliation of books.

An entity is removed from the “unauditable” list once the audit is completed and released to the public.



The Auditor of State’s office, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 5,800 state and local government agencies.  Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.

Carrie Bartunek
Press Secretary