LOVELAND MAGAZINE

News and Events from the Loveland, Ohio Area

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Since 2004

Tag: Auditor of State Award

  • Loveland City School District earns Auditor of State Award

    Loveland City School District earns Auditor of State Award

    The Loveland City School District has earned the Auditor of State Award for excellence in financial reporting. (Pictured, left to right: Melissa Martin, payroll/benefits; Sandy Bertram, payroll coordinator; KevinHawley, treasurer/CFO; Lindsey Masse, fiscal coordinator; and Debbie Reardon, administrative assistant to the treasurer/CFO.)

    District recognized for exemplary financial reporting

    Loveland, Ohio – The Loveland City School District has announced that the financial audit by the Auditor of State’s office has once again returned a clean audit report, earning the district the Auditor of State Award.

    “Accurate record keeping is a priority at Loveland,” said Treasurer/CFO Kevin Hawley. “This is a hard-earned award and well deserved for all members of our team here in the treasurer’s office and the district as a whole.”

    The Auditor of State Awardis presented to local governments and school districts in Ohio that meet specific criteria during their financial audit, including the timely filing of financial reports in accordance with Generally Accepted Accounting Principles (GAAP). For more detailed information, including a copy of the district’s full audit report, visit the Auditor of State website.

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  • Great Oaks Career Campuses qualify for Auditor of State Award with Distinction

    Great Oaks Career Campuses qualify for Auditor of State Award with Distinction

    Columbus, Ohio – A recent financial audit of Great Oaks Career Campuses (Hamilton County) by Auditor of State Dave Yost’s office has returned a clean audit report. The joint vocational school district’sexcellent record keeping has qualifieditfor the Auditor of State Award with Distinction.

    “Accurate bookkeeping enables school districts to focus on their chief duty – education,” Auditor Yost said. “Great Oaks’ clean audit demonstrates its commitment to both its students and taxpayers.”

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

    o   Ethics referrals

    o   Questioned costs less than $10,000

    o   Lack of timely report submission

    o   Reconciliation

    o   Failure to obtain a timely Single Audit

    o   Findings for recovery less than $100

    o   Public meetings or public records

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