Trimble Local School District has been recognized by the State Auditor’s Office for a clean audit report and exemplary financial reporting in 2013.
Treasurer Cindy Rhonemus and the Trimble School District received the Auditor of State Award, which is presented to local governments and school districts following the completion of a financial audit, earlier this month.
According to the State Auditor’s website, in order to receive the award, 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.
“To me this validates that we are being good stewards with the taxpayers’ dollars,” said Rhonemus.
“We oversee a nearly $12 million budget that includes activity funds and departments,” said Rhonemus. “To do this shows that we have good internal controls and do a good job managing funds.”
The veteran treasurer said that a perfect audit is difficult to achieve given all of the funds to monitor.
“A lot of times it is the student activity funds and fundraisers,” said Rhonemus of where the findings in audits often occur.
Rhonemus also credited the work of Wendy Withem, the only other employee in the treasurer’s office.
Looking at the certificate presented to the district, Rhonemus read “The citizens you represent are well-served by your effective and accountable financial practices.”
“That says a lot,” added Rhonemus. “This shows that we are accountable for the funds here.”
The treasurer concluded by saying that she hopes this kind of financial award will help as the district moves forward with the permanent improvement levy on the May ballot. The 5 mil, 5 year levy would be used to complete roof repairs and purchases buses.
“You hear about money being mismanaged, but a clean audit shows that it is being spent appropriately,” added Rhonemus.
Federal Hocking School District and Tri-County Career Center received the award in February according to the Auditor of State website.