Auditor of State Keith Faber is pleased to announce that Reading Community Schools received the Auditor of State Award in January for their clean audit reports. With over 600 districts in Ohio, Reading was one of only 31 districts to receive this prestigious award. This is a strong testament to the great work our treasurer's office does to keep Reading Schools compliant. The strong team is led by Treasurer Jen Burke, Accountant Janie Harris and Payroll and Benefits Specialist Kelly Feld.
The auditor's office released the following statement regarding the award: The Auditor’s office presents the Auditor of State Award to local governments and school districts upon completing a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:
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The entity must file financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System and in accordance with GAAP (Generally Accepted Accounting Principles);
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The audit report does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Uniform Guidance (Single Audit) findings, or questioned costs;
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The entity’s management letter contains no comment related to:
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Ethics referrals
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Questioned costs less than the threshold per the Uniform Guidance
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Lack of timely annual financial report submission
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Bank reconciliation issues
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Failure to obtain a timely Single Audit in accordance with Uniform Guidance
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Findings for recovery less than $500
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Public meetings or public records issues
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The entity has no other financial or other concerns