Auditor of State Award

Auditor of State Keith Faber is pleased to announce that, in the month of February, the following entities received the Auditor of State Award for their clean audit reports:

(edited to show Tipp only - please click this link above to see entire listing of award winners)

• Tipp City Exempted Village School District (Miami 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 financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System and in accordance with GAAP (Generally Accepted Accounting Principles);

• The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Uniform Guidance (Single Audit) findings or questioned costs;

• The entity’s management letter contains no comments related to:

  • Ethics referrals

  • Questioned costs less than the threshold per the Uniform Guidance

  • Lack of timely report submission

  • Bank reconciliation issues

  • Failure to obtain a timely Single Audit in accordance with Uniform Guidance

  • Findings for recovery less than $500

  • Public meetings or public records issues

• The entity has no other financial or other concerns

Ohio Auditor Award

Auditor of State of Ohio Recognizes Tipp City Exempted Village School district for Excellent Financial Accountability 

Columbus - Auditor of State Dave Yost commended the Tipp City Exempted Village School District for the district's exemplary 2014 Annual Financial Report. 

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 financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System and in accordance with GAAP (Generally Accepted Accounting Principles);

• The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Uniform Guidance (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 issues

• The entity has no other financial or other concerns