City of Trotwood Awarded “Ohio Auditor of State Award with Distinction”

Ciara Lewis Community News

The City of Trotwood has been awarded the “Ohio Auditor of State Award with Distinction” from Ohio Auditor of State Keith Faber.

Mayor Mary A. McDonald said, “This further confirms the City’s commitment to excellence in financial reporting, transparency, and being good stewards of taxpayer dollars.”

“This award recognizes the hard work of fiscal offices to keep clean, accurate records,” said Auditor Faber.
“Their efforts go a long way toward making Ohio more efficient, effective, and transparent.”

The Auditor of State’s office presents this award 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, on a Generally Accepted Accounting Principles (GAAP) accounting basis and prepare a Comprehensive Annual Financial Report (CAFR);
 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:
o Ethics referrals
o Questioned costs less than the threshold per the Uniform Guidance
o Lack of timely report submission
o Bank reconciliation issues
o Failure to obtain a timely Single Audit in accordance with Uniform Guidance
o Findings for recovery less than $500
o Public meetings or public records issues
 The entity has no other financial or other concerns

“We are extremely proud to accept this award of distinction. Our single best asset is our employees and they are professional and committed to excellence,” said Trotwood City Manager Quincy E. Pope Sr.

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