The Cuyahoga Falls City School District received the Auditor of State Award for having a clean audit report.
"The district is pleased to have been presented this award," said Cuyahoga Falls City School District Treasurer Kristy Stoicoiu. "It would not be possible without the hard work and attention to detail by the Treasurer's Department staff."
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:
1. 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);
2. The audit report does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Uniform Guidance (Single Audit) findings or questioned costs;
3. 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.
To meet the criteria, the entity cannot have financial or other concerns.
"Our goal is to be fiscally responsible and transparent," added Stoicoiu. "This award confirms our ongoing efforts to being good stewards of taxpayers' dollars."