Tipp City, Ohio – A recent financial audit of Tipp City Schools’ by the Auditor of State Dave Yost’s office has returned a clean audit report. Tipp City Exempted Village Schools’, excellent record keeping has earned the Auditor of State Award.
“Clean and accurate record-keeping are the foundation for good government, and the taxpayers can take pride in your commitment to accountability.” Auditor Yost said.
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.
- Must be a GAAP entity without a CAFR (Certified Annual Financial Report) that timely files their financial reports with the Auditor of State;
- 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
- Failure to obtain a timely Single Audit
- Findings for recovery less than $100
- Public meetings or public records
The Tipp City Exempted Village School District consists of five schools with an enrollment of 2700: one high school (9-12), one middle school (6-8), an intermediate school (4-5), and two elementary schools (K-3).Tipp City Exempted Village Schools district includes the City of Tipp City and most of Monroe Township.