XCS Receives State Auditor Award

XCS Receives State Auditor Award
Posted on 02/20/2020
Xenia Community Schools has received the Auditor of State Award with Distinction for a clean audit report for the previous fiscal year. 

“As a district, we endeavor to be good stewards of the resources that we have,” says Carolyn Huber, Treasurer of Xenia Community Schools. “One of the ways that we can demonstrate that commitment to our community is by being transparent and ‘clean’ with financial information.”

The Award is based on meeting the criteria for a “clean” audit report, including: 
▪  The entity must file financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System, on a GAAP accounting basis and prepare a CAFR (Comprehensive Annual Financial Report);
▪  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.

The Award will be presented at the April 13, 2020 meeting of the Board of Education.

View the initial press release from the Ohio Auditor of State.
Website by SchoolMessenger Presence. © 2020 Intrado Corporation. All rights reserved.