NEW MIAMI RECEIVES AUDITOR OF STATE AWARD
A recent financial audit of New Miami Local Schools by the Auditor of State's office has returned a clean audit report. New Miami's excellent record keeping has earned it the Auditor of State Award.
"Based upon your recently completed financial audit, it gives me great pleasure to inform you that the New Miami Local School District has received the Auditor of State Award. Clean and accurate record-keeping are the foundation for good government, and the taxpayers can take pride in your commitment to accountability." - Dave Yost, Auditor of State.
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:
Questioned costs less than $10,000
Lack of timely report submission
Failure to obtain a timely Single Audit
Findings for recovery less than $100
Public meetings or public records