This morning, Wood County received the Auditor of State Award with Distinction, an award for excellence in financial reporting for the fiscal year 2022, according to Wood County Auditor Matt Oestreich.
Wood County also received this distinguished award in 2013.
As listed on the Auditor of State website, to receive the award, entities must meet the following criteria:
- 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.
Lori Brodie, regional liaison to the Ohio Auditor of State, presented the award today, Sept. 7.
