The Coshocton Port Authority receives Auditor of State award
COSHOCTON – A recent financial audit of the Coshocton Port Authority by the Auditor of State’s office has returned a clean audit report. The Coshocton Port Authority’s excellent record keeping has earned it the Auditor of State Award.
“We are very proud to receive this award for the 2014/15 audit years,” said Dorothy Skowrunski, executive director of the Coshocton Port Authority. “It is the second time we have received this award. Our 2012/13 audit years were perfect as well. The Coshocton Port Authority works very hard to ensure clean, accountable and efficient policies and procedures in everything we do.”
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:
- The entity must file timely financial reports with the Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles);
- 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
Category: Business
