A recent financial audit of the Goshen Local School District has returned a clean audit report and earned the Auditor of State Award. Keith Faber, Auditor, presents the Auditor of State Award to local governments and school districts upon the completion of a successful financial audit.
“While a school districts first responsibility is providing a quality education for its students, it must also remain accountable to tax payers,” Auditor Keith Faber said. “These districts put in the hard work to keep accurate financial records and I am proud to present them with this award.”
We take pride in clean and accurate record-keeping and the taxpayers can take pride in our commitment to accountability,” Todd Shinkle said about the commendation letter.
A “clean” audit report means that the financial audit did not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs.
Goshen Local School Districts treasurers department received the award for meeting the following criteria of a “clean” audit report:
- The entity must file timely financial reports with the Auditor of State’s office via the Hinkle System in accordance with GAAP (Generally Accepted Accounting Principles);
- 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
- 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
- The entity has no other financial or other concerns