Lynchburg-Clay Schools earn Auditor of State Award
Auditor of State Dave Yost has announced that Lynchburg-Clay Local School District has received the Auditor of State Award for its clean audit reports.
Other recipients include:
Bay Village City School District (Cuyahoga County)
Bellevue City School District (Huron County)
Blanchester Local School District (Clinton County)
Deer Park Community City School District (Hamilton County)
Defiance City School District (Defiance County)
East Clinton Local School District (Clinton County)
Hope Academy Northwest Campus (Cuyahoga County)
Lakewood City School District (Cuyahoga County)
Marlington Local School District (Stark County)
North Dayton School of Discovery (Montgomery County)
Northridge Local School District (Montgomery County)
Ohio Virtual Academy (Lucas County)
Portage Lakes Career Center (Summit County)
Riverside Community School, Inc. (Hamilton County)
South Euclid-Lyndhurst City School District (Cuyahoga County)
Tri-County North Local School District (Portage County)
The Auditor of State Award 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 accordance with GAAP (Generally Accepted Accounting Principles);
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:
• Ethics referrals
• Questioned costs less than $10,000
• Lack of timely report submission
• Reconciliation
• Failure to obtain a timely Single Audit
• Findings for recovery less than $100
• Public meetings or public records