Mayor Don Walters is proud to announce that on Monday, April 22, 2024, the City of Cuyahoga Falls was awarded the Auditor of State Award with Distinction for a clean audit report. The award, recognizing excellence in record keeping, was presented at the Cuyahoga Falls City Council meeting.
“We are incredibly honored to receive the Auditor of State Award with Distinction from Auditor of State Keith Faber,” stated Mayor Walters. “I am proud of our Finance team here at the City of Cuyahoga Falls for continuing to produce exceptional financial reports in the spirit of transparency and full disclosure.”
The Auditor of State’s Office presents the award to local governments and school districts upon the completion of a financial audit. According to the Auditor of State's office, only 4 percent of audited entities met the 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 and in accordance with GAAP (Generally Accepted Accounting Principles).
- The audit report does not contain any findings for recovery, material citations, material weakness, significant deficiencies, Uniform Guidance (Single Audit) findings, or questioned costs.
- The entity’s management letter contains no comment related to:
- Ethics referrals
- Questioned costs less than the threshold per the Uniform Guidance
- Lack of timely annual financial 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.
Complete copies of these reports are available online via Audit Search (ohioauditor.gov/auditsearch/search.aspx).