Auditor Faber Declares the Village of Spencerville “Unauditable”
Columbus – A lack of financial records and bank reconciliations prompted Auditor of State Keith Faber to place the Village of Spencerville (Allen County) on the “unauditable” list.
“Poor financial records leads to poor service for taxpayers,” Auditor Faber said. “I encourage village leadership to get their books in order promptly.”
During the course of the regular financial audit of the village for the period Jan. 1, 2017 through Dec. 31, 2018, state auditors determined that the condition of the village’s financial records were not adequate to finish the audit. In a letter to the village, Auditor Faber provided a list of information required to complete the audit.
Within 90 days of the date of the letter, the village must revise its financial records and provide the necessary data. Failure to bring accounts, records, and reports to an auditable condition may result in legal action, including the possibility of the attorney general issuing a subpoena to village 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’s Local Government Services Section is available to village officials to assist in bringing records to an auditable condition. Local Government Services provides a wide variety of services to local governments, including reconstructing financial records and aid in the reconciliation of books.
The Auditor’s office removes an entity from the “unauditable” list once the audit is completed and released.
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.