A recent financial audit of the Public Library of Cincinnati and Hamilton County by Auditor of State Dave Yost’s office has returned a clean audit report. The Library’s excellent record keeping led to the institution receiving the Auditor of State Award with Distinction.
The Auditor of State Award with Distinction is presented to local governments and school districts upon the completion of a financial audit. Entities which 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 the form of a CAFR (Comprehensive Annual Financial Report);
- 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 results of the report were presented to the Library Board of Trustees at its meeting Tuesday, Oct. 10.
“We take responsible stewardship of public funds very seriously at the Library,” said Kimber L. Fender, the Eva Jane Romaine Coombe Director of the Library. “We are pleased to be acknowledged for our ability to use the funds given to us by taxpayers to provide the best service and collection to our cardholders.”
