Bay Schools receives ‘Ohio Auditor of State’ award
Earlier this month, Auditor of State Keith Faber announced that Bay Village City School District received the Auditor of State Award for its clean audit reports for the fiscal year ended 2020.
The State Auditor’s office shares information as far back as 2014, and Bay Village Schools has received the Ohio Auditor of State Award every year since 2014, except for 2017, so six of the last seven years.
“We are elated to share this wonderful news with our stakeholders, as it takes an entire district to win an award like this,” said Meghan Rohde, Treasurer for Bay Village Schools. “We strive to provide the best financial reporting to our local and state communities.”
The Auditor’s office presents the Auditor of State 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 and in accordance with GAAP (Generally Accepted Accounting Principles);
- The audit report does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Uniform Guidance (Single Audit) findings or questioned costs;
- The entity’s management letter contains no comment related to: ethics referrals; questioned costs less than the threshold per the Uniform Guidance; lack of timely annual financial 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.
Karen Uthe Semancik
Karen Uthe Semancik is the communications director for Bay Village Schools.