Ohio Auditor of State Dave Yost issued a press release yesterday praising the city for its financial reporting. We have our budget, our finances, our quarterly reports and our checkbook online. We work hard to be transparent and factually correct, and this suggests that we are on the right path.
From the Auditor’s Press Release:
A recent financial audit of the City of Middletown (Butler County) by Auditor of State Dave Yost’s office has returned a clean audit report. The city’s excellent record keeping has qualified it for the Auditor of State Award with Distinction.
“Good finance is important to everything government does,” Auditor Yost said. “Sound budgetary decisions depend on clean and accurate books.”
The Auditor of State Award with Distinction 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 the form of a CAFR (Comprehensive Annual Financial Report);
- The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questionable costs;
- The entity’s management letter contains no comments relating to:
- Ethics referrals
- Questioned costs less than $10,000
- Lack of timely report submission
- 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.