Finance News and Awards

August 12, 2022 - City Receives Auditor of State Award for 2022    

To receive the award eligible 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 the GAAP accounting basis.

• 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.