Preble County among Auditor Award winners

From the Ohio Auditor’s Office

COLUMBUS – Auditor of State Dave Yost is pleased to announce that the following entities received the Auditor of State Award for their clean audit reports:

• Preble County

• Grow Licking County Community Improvement Corporation (Licking County)

• Lake Waynoka Regional Water and Sewer District (Brown County)

• Shelby County

• Wayne County Public Library (Wayne County)

The Auditor of State Award is presented 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 in accordance with GAAP (Generally Accepted Accounting Principles);

• The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;

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

• Ethics referrals

• Questioned costs less than $10,000

• Lack of timely report submission

• Reconciliation

• Failure to obtain a timely Single Audit

• Findings for recovery less than $100

• Public meetings or public records

• No other financial or other concerns exist that involve eligible entity.

The auditor’s report noted:

“In our opinion, the financial statements referred to present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Preble County, Ohio, as of Dec. 31, 2015, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparisons for the General and Motor Vehicle and Gas Tax, Human Services, Community Mental Health, and Developmental Disabilities funds thereof for the year then ended in accordance with the accounting principles generally accepted in the United States of America.”

From the Ohio Auditor’s Office