District Receives Auditor of State Award with Distinction
A recent financial audit of the Bedford City School District by the Auditor of State’s office has returned a clean audit report. The district’s excellent record keeping has earned it the Auditor of State Award with Distinction.
“Good finance is important to everything government does,” noted Dave Yost, Ohio’s Auditor of State, in a written announcement to the Bedford District. “We can't expect sound budgetary decisions by the board and superintendent unless the books are clean and accurate. I am pleased to present this award to the Bedford City Schools.”
The Auditor of State Award with Distinction is presented to local governments and school districts upon the completion of a financial audit. Fewer than five percent of Ohio government agencies are eligible for this award. To be a recipient, entities must meet the following criteria of a “clean” audit report:
• The entity files 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
“We’re obviously pleased to have been presented this award,” said District Treasurer Janet Pavlic. “It confirms our ongoing efforts to be good stewards of taxpayers’ dollars.” She acknowledged the efforts of administrators and other individuals in the Bedford District for using proper financial procedures to protect the school district’s assets.