A recent financial audit of the Streetsboro City School District by Auditor of State Dave Yost's office has returned a clean audit report, according to a Sept. 26 news release from the auditor's office.
The Streetsboro City School District's record keeping has earned it the Auditor of State Award with Distinction, which was presented by Ohio Auditor Dave Yost Sept. 26, according to the statement.
"Good finance is important to everything government does. We can't expect sound budgetary decisions by the board and superintendent unless the books are clean and accurate," said Yost. "It is with great pleasure that I present the district with the Auditor of State Award with Distinction."
The Auditor of State Award with Distinction is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet specific criteria of a "clean" audit report, states the news release.
The entity must file timely financial reports with the Auditor of State's office in the form of a Comprehensive Annual Financial Report; the audit report must not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, single audit findings or questioned costs. Additionally, the entity's management letter must contain 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, according to the auditor's office.