XENIA — Xenia Community Schools received the Auditor of State Award with Distinction from Ohio Auditor Keith Faber.
Xenia was one of six districts to receive the award in an announcement made Monday. The auditor’s office presents the Auditor of State Award with Distinction to local governments and school districts upon the completion of a “clean” financial audit.
“As a district, we take pride in being good stewards of our resources,” said Carolyn Huber, treasurer of Xenia Community Schools. “This process includes clean and transparent management of district finances, and the Auditor of State Award with Distinction that was announced (Monday) by the State of Ohio is testament to our commitment to these ideals.”
Entities receiving 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 comprehensive annual financial report (CAFR).
— 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 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.
“This award recognizes the hard work of fiscal offices to keep clean, accurate records,” Faber said. “Their efforts go a long way toward making Ohio more efficient, effective, and transparent.”
The district has won myriad awards for financial record-keeping and reporting. It received the award with distinction for the first time in 2017 for the 2016 year.
Contact Scott Halasz at 937-502-4507.