BEAVERCREEK – Beavercreek’s finance department is holding their heads high after being audited by the State of Ohio. Due to the hard work, accuracy and good financial planning, the finance department was awarded the Auditor of State Award with Distinction for the clean financial report which was examined by Dave Yost’s Auditor of State department.
“I’m especially proud of our City Manager Mike Cornell, the Finance Director, Bill Kucera, and all other Directors and staff for following the robust financial process that the City has in place,” Beavercreek Mayor Brian Jarvis said. “Sound budget decisions can’t be made by the City Council unless the financial books are in order. Complete and thorough financial transparency is important to Beavercreek City Council and to our constituents. It’s integral to everything we do.”
The Auditor of State Award with Distinction is presented to local governmental entities and school districts upon the completion of a clean financial audit. Recipients of this award must have met the following criteria of a “clean” audit report, according to the State of Ohio Auditor’s office:
– 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 does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Single Audit findings or questioned costs;
– The entity’s management letter contains no comments related to: 1) Ethics referrals; 2) Questioned costs less than $10,000; 3) Lack of timely report submission; 4) Reconciliation; 5) Failure to obtain a timely Single Audit; 6) Finding for recovery less than $100; 7) Public meetings or public records;
– No other financial or other concerns exist that involved eligible entity.
“Taxpayers expect accurate financial records from their local governments,” Auditor Director, Dave Yost said. “The City of Beavercreek’s dedication to accountability is evident.”
The Auditor of State’s office is responsible for auditing more than 5,800 state and local governmental entities and school boards. The Director of Auditor, Dave Yost and his team, in addition to audits, also provides financial services to local governmental entities, investigates and prevents fraud in public entities and promotes transparency in those entities.
“Since the appointment of the Auditor of State, Dave Yost, the City of Beavercreek has received the Auditor of State Award with Distinction consistently since 2012,” the Auditor of State’s Press Secretary, Brittany Halprin said. “The auditor’s office audits governmental entities and school districts each week. So, each week, the Auditor of State Award with Distinction could be given out every week, but they have to meet the stringent guidelines set by the Auditor Director. The guidelines could change from each appointment of director.”