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Auditor Faber Announces Auditor of State Award with Distinction Winners

Monday, January 1, 1900

Columbus – Auditor of State Keith Faber is pleased to announce that the following school districts have received the Auditor of State Award with Distinction for their clean audit report:

·        Bedford City School District (Cuyahoga County)

·        Euclid City School District (Cuyahoga County)

·        Vandalia-Butler City School District (Montgomery County)

“Accurate bookkeeping is a critical component of efficient, effective schools,” Auditor Faber said. “These school districts have shown their commitment to saving taxpayer’s money, and I am proud to present them with this award.”

The Auditor’s Office presents the Auditor of State Award with Distinction to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:

·        The entity must file timely financial reports with the Auditor of State’s office via the Hinkle System in accordance with GAAP accounting basis and prepare a CAFR (Comprehensive Annual Financial Report)

·        The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Uniform Guidance (Single Audit) findings or questioned costs;

·        The entity’s management letter contains no comments related to:

-        Ethics referrals

-        Questioned costs less than the threshold per the Uniform Guidance

-        Lack of timely report submission

-        Reconciliation issues

-        Failure to obtain a timely Single Audit in accordance with Uniform Guidance

-        Findings for recovery less than $500

-        Public meetings or public records issues

·        The entity has no other financial or other concerns

A copy of this report is available online.

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The Auditor of State’s office, one of five independently elected statewide offices in Ohio is responsible for auditing more than 6,000 state and local government agencies. Under the direction of Auditor Keith Faber, the office also provides financial services to local governments, investigates and prevents fraud in public agencies, and promotes transparency in government.

Contact:

Public Affairs

(614) -644-1111