October

13

TARTA Receives Auditor of State Award for second consecutive year

Posted Oct 13th, 2018 by Steve Atkinson  Category: Community Interest, General News

 

(Toledo, Ohio) A recent financial audit of Toledo Area Regional Transit Authority by the Auditor of State’s office has returned a clean audit report. TARTA’s excellent record keeping has earned it the Auditor of State Award.

TARTA Comptroller Stacey Clink, CPA—director of accounting and financial reporting—stated, “The award reflects the continued dedication and ongoing hard work of the finance team.”

The Auditor of State Award is presented to Jocal 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 timely financial reports with the Office Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles);
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

2018 is the second consecutive year TARTA received this recognition; 2017 was the transit agency’s first-ever Auditor of State Award.

About TARTA
The Toledo Area Regional Transit Authority was formed in 1971 and is a political subdivision under Ohio law, similar to a park district or a school district. TARTA supplies more than 3.1 million passenger trips annually and provides interconnected, regional service to six communities in Lucas County – Toledo, Maumee, Waterville, Ottawa Hills, Sylvania and Sylvania Township – and Rossford in Wood County. Visit TARTA.com for more information.

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Steve Atkinson - Toledo Area Regional Transit Authority

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