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Schools get clean bill of fiscal health

By APRIL HELMS Reporter Published: April 26, 2017 12:00 AM

COLUMBUS -- A recent audit of the Twinsburg City School District and its $43 million budget has returned a clean bill of financial health, according to the Ohio Auditor of State, qualifying it for the Auditor of State Award with Distinction.

"While a school district's primary concern is its students, it must also remain accountable to taxpayers," Auditor Dave Yost said. "Accurate record keeping is clearly a priority for Twinsburg, and I am proud to present it with this award."

Superintendent Kathryn Powers applauded treasurer Martin Aho.

"Thanks to the diligent leadership of ... Marty Aho and the assistance of our administrators and staff members, we continue to be good stewards of our residents' tax dollars," Powers said. "The Twinsburg City School District's designation as the recipient of this distinguished award highlights our efficient and compliant internal operations. We are extremely proud of this recognition."

The Auditor of State Award with distinction is presented to local governments and school districts upon the completion of a financial audit, according to information from the auditor's office. Entities that receive the award meet the following criteria of a "clean" audit report:

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The entity must file 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 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; and public meetings or public records; and

No other financial or other concerns exist that involve eligible entity.

Email: ahelms@recordpub.com

Phone: 330-541-9423Twitter: @twinsburgohio


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