September

19

Library Receives Auditor of State Award with Distinction

Posted Sep 19th, 2011 by Rhonda Sewell  Category: Arts & Entertainment

 

(Released September 16, 2011) – A recent financial audit of the Toledo-Lucas County Public Library by Auditor of State Dave Yost’s office has returned a clean audit report. The Toledo-Lucas County Public Library’s excellent record keeping has earned it the Auditor of State Award with Distinction.

The Auditor of State Award with Distinction is presented to local governments and school districts upon the completion of a financial audit. The award was presented on Wednesday at Main Library by Donovan O’Neil, Toledo Regional Liaison for the Auditor of State, to Clyde Scoles, Library Director/Fiscal Officer, and Roger Veitch, Business Manager/Deputy Fiscal Officer.

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 the form of a CAFR (Comprehensive Annual Financial Report);
The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
The entity’s management letter contains no comments related to:
Ethics referrals
Questioned costs less than $10,000
Lack of timely report submission
Reconciliation
Failure to obtain a timely Single Audit
Findings for recovery less than $100
Public meetings or public records

The Auditor of State’s office, one of five independently elected offices in Ohio, is responsible for auditing more than 5,600 state and local government agencies. Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.

NOTE: For additional information visit toledolibrary.org, or call 419.259.5200

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Rhonda Sewell - Toledo Lucas County Public Library

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