State auditor Keith Faber announced Jan. 30 that two Lorain County and three Erie County governmental agencies have received the Auditor of State Award for their clean audit reports.
Educational Service Center of Lorain County and Life Skills of Elyria, both of Lorain County, and Vermilion Local School District, Kelleys Island Local School District and Erie County Metropolitan Housing Authority, all of Erie County, were recipients, according to a news release from the Auditor’s Office.
The Auditor’s Office presents the Auditor of State Award to local governments and school districts upon the completion of a financial audit, the release said.
Entities that receive the award meet the following criteria of a “clean” audit report:
· The entity must file financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System and in accordance with GAAP (Generally Accepted Accounting Principles).
· The audit report does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Uniform Guidance (Single Audit) findings or questioned costs.
· The entity’s management letter contains no comment related to: ethics referrals; questioned costs less than the threshold per the Uniform Guidance; lack of timely annual financial report submission; bank reconciliation issues; failure to obtain a timely Single Audit in accordance with Uniform Guidance; findings for recovery less than $500; and public meetings or public records issues.
· The entity has no other financial or other concerns.
Full copies of these reports are available online at http://www.ohioauditor.gov/auditsearch/Search.aspx.
