District News

Auditor of State award given to Little Miami

Posted on: February 2, 2016

Little Miami Local Schools was recently notified that the district had won the Auditor of State Award for clean and accurate record keeping in the treasurer’s office, adding a third recognition for the department in the space of a few months.

Auditor of State Dave Yost notified Little Miami Treasurer Terry Gonda of the award, which is presented for “exemplary financial reporting accordance with Generally Accepted Account Principles (GAAP) for the year 2015.”

The Auditor of State Award is given to those governmental entities that file timely financial reports in accordance with GAAP, as well as receive a “clean” audit report. A clean report means that the district’s audit did not contain findings for recovery, material citations, material weaknesses, significant deficiencies, single audit findings or questioned costs.

This is the district’s fourth clean audit in a row and was the first audit that the Auditor of State’s office had done themselves in 11 years, instead of contracting the work to a third party.

Last fall, the treasurer’s office also won a certificate of achievement for excellence in financial report from the Government Finance Officers Association for fiscal year ended June 30, 2014. This award was presented in recognition for the district’s 2014 Comprehensive Annual Financial Report (CAFR), the first that the district had completed since 2009.

The department also earned a certificate of excellence from the Association of School Business Officials International for the 2014 CAFR. The certificate is given to a school’s business office in recognition of their commitment to financial accountability and transparency.

Little Miami Treasurer Terry Gonda said he was grateful for the awards and the recognition for his staff.

“These awards would not possible without the hard and dedicated work of my staff,” he said. “They really do a fantastic job of keeping track of all the thousands of items that pass through our hands.  We are hoping to obtain these awards again this year for our 2015 CAFR.”