“While a school district’s first responsibility is for the academic development of its students, they must also remain accountable to taxpayers,” Auditor Keith Faber said. “These districts have clearly put in the hard work to keep accurate financial records and I am honored 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 financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System, on a 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 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
Public meetings or public records issues