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Coshocton Port Authority receives award

| September 2, 2014

COSHOCTON – A recent financial audit of the Coshocton Port Authority by the Auditor of State’s office has returned a clean audit report. Coshocton Port Authority’s excellent record keeping has earned it the Auditor of State Award.

“The Coshocton Port Authority has worked hard for the past several years putting together procedures to ensure successful audits. Only 5 percent of the entities that are audited earn this distinction and we are very proud to be in the top 95 percentile.”

The Auditor of State Awardis 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

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Category: People & Places

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