UPDATE: In a remarkable display of fiscal responsibility, Ohio communities have been recognized for their outstanding financial practices. Auditor of State Keith Faber just announced that several local government entities, including the City of Hamilton and Miami County, have received the prestigious Auditor of State Award with Distinction.
These awards highlight a commitment to transparency and accuracy in financial record-keeping. The City of Brook Park and the City of Upper Arlington are among the ten recipients who filed their financial reports on time, adhering to GAAP standards without any findings of recovery or significant deficiencies. This achievement is crucial in demonstrating effective governance and public accountability.
According to Auditor Faber, “By keeping accurate financial records, governing bodies demonstrate their commitment to efficient, effective, and transparent service.” This statement underscores the importance of the award, recognizing the hard work required to maintain financial integrity within communities.
Achieving this award is no easy task. It requires stringent adherence to criteria, including the absence of material citations and questioned costs. Municipalities must also maintain management letters without comments on potential issues like ethics violations or financial discrepancies. Each honored entity, including the City of Pataskala and Ross County, successfully submitted their financial reports, free from material weaknesses and deficiencies.
Faber emphasized that this recognition serves as a testament to the diligent efforts of public entities committed to responsible financial management. The full audit reports, which offer transparent insights into their financial stewardship, are available for public review on the Ohio Auditor’s website.
As these communities celebrate their achievements, they set a benchmark for fiscal diligence that could inspire other local governments across the nation. The recognition not only highlights their financial management but also reinforces the trust constituents place in their local leaders.
Stay tuned for more updates as we follow the impacts of this recognition on Ohio’s municipalities and their ongoing commitment to fiscal responsibility.
