A recent financial audit of the Ross Local School District by the Auditor of State’s office has returned a clean audit report. Ross’ excellent record keeping has earned it the Auditor of State Award.
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 cost;
· The entity’s management letter contains no comments related to:
o Ethics referrals
o Questioned costs less than $10,000
o Lack of timely report submission
o Failure to obtain a timely Single Audit
o Findings for recovery less than $100
o Public meetings and public records.
Treasurer, John Kinsel, is very pleased with the award and credits the hard work of his staff and the entire Ross Local School District staff for being good fiscal stewards for our community.