Skip to main content

Hillsboro receives favorable audit

By
The Highland County Press-
A Piketon accounting firm has released the regular audit for fiscal year 2008 for the city of Hillsboro.
    Balestra, Hall and Scherer, CPAs, Inc. audited the financial statements of the city’s governmental activities, business type activities, each major fund, and the aggregate remaining fund information of the city of Hillsboro, as of and for the year ended Dec. 31, 2008, in accordance with auditing standards generally accepted and the standards applicable to financial audits contained in the comptroller general of the U.S. Auditing Standards.
    “In planning and performing our audit, we considered the city’s internal control over financial reporting as a basis for designing our audit procedures for expressing our opinions on the financial
statements,” Balestra noted.
    The auditors found no findings for recovery and reported one material weakness, and two material noncompliances. The city responded to each of these findings to assure future compliance.
    “Overall, I thought it was very good,” Hillsboro City Auditor Gary Lewis told The Highland County Press. “I credit that to our staff. They are very, very thorough about keeping things in line and questioning things.”
    Lewis commended his office staff of Cheri Pitzer, Beverly Brown and Annette Black, as well as a number of other city personnel, including Mona Parker, Carol Elliott, Kirby Ellison, Ruth Durham, Peg Beekman and Hillsboro City Treasurer Bob Storer.
“They all did a great job of providing timely and accurate information,” Lewis said.
    The audit report listed findings related to the following:
    • Capital Assets;
    • Intergovernmental Revenue; and,
    • Expenses.
    The city responded by assuring it “will continue to work diligently...to continuously improve the accuracy of our reporting.”
    “We are working more in depth with our software provider to maintain consistencies in reporting,” Lewis said.
    The report stated that the “city of Hillsboro continues to work diligently to increase revenues and decrease costs to put the city on more stable footing. The city has continued to grow, with new homes constructed annually and several new commercial facilities opened, with more planned for the future.”[[In-content Ad]]

Add new comment

This is not for publication.
This is not for publication.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it. Note: All information on this form is required. Your telephone number and email address is for our use only, and will not be attached to your comment.