Auditor Yost Announces OCIC as Auditor of State Award Recipient

Posted on: May 13, 2016

Auditor of State Dave Yost is pleased to announce that the Ottawa County Improvement Corporation (OCIC) is one of six entities to receive the Auditor of State Award for their clean audit reports.  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 timely financial reports with the 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
  • No other financial or other concerns exist that involve eligible entity.

“The OCIC makes financial recordkeeping and reporting a top priority,” stated OCIC Director Jamie Beier Grant.  “To be recognized with this award is a reflection of our office’s hard work in ensuring public dollars are responsibly invested in the strategic priorities of the organization; The Ottawa County Improvement Corporation (OCIC) serves as the lead economic development agency by advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of Ottawa County.”

Other entities receiving the Auditor of State Award include:

  • Greater Columbus Visitors and Convention Bureau (Franklin County)
  • Arcadia Local School District (Hancock County)
  • Colonel Crawford Local School District (Crawford County)
  • Northwest Local School District (Scioto County)
  • Wheelersburg Local School District (Scioto County)

The Auditor of State’s office, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 5,800 state and local government agencies.  Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.

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