The City of Moraine has once again received the Ohio Auditor of State Award with Distinction for the 2021 fiscal year. Each year our financial processes and Comprehensive Annual Financial Statements are thoroughly audited by an independent public accounting firm.
Each year, the City enters thousands and thousands of transactions from payroll to income tax to paying the City’s bills. These transactions need to follow accounting rules and law established by the city, state, and federal governments. Finance Director Don Buczek stated, “I have to express many thanks to my team for their hard work each and every day.” According to the Ohio Auditor of State, less than 4% of public entities in Ohio receive this award each year. “We don’t take the award for granted and are very thankful for the recognition and hope this reinforces the public’s trust in how we handle their money.”
The Auditor of State Award is presented 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:
- 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 a GAAP accounting basis and prepare a CAFR (Comprehensive Annual Financial Report).
- 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.