As Kenston always strives to be responsible stewards of the public funds entrusted to us by our community, we are pleased to announce that Auditor of State Keith Faber recognized the district with the Auditor of State Award with Distinction.
A recent financial audit of the Kenston Local School District (Geauga County) by Auditor of State Keith Faber has returned a clean audit report. Their record keeping has qualified them for the Auditor of State Award with Distinction.
“By earning this award, these school districts have shown they are committed to educating their students and being transparent with their spending,” Auditor Faber said. “I am honored to present them with this award.”
The Auditor’s Office presents the Auditor of State Award with Distinction 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 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
Full copies of these reports are available online.