Salem schools score clean audit
SALEM — Salem City Schools recently received a clean audit award from the Ohio Auditor of State for having no findings for recovery, no suggestions for improvements, no material citations or weaknesses or any kind of deficiencies.
Treasurer Michael Douglas credited the entire staff for the award, including Lori May who serves as assistant to the treasurer, and payroll clerk Angela Williams. The award is for the audit released recently, covering July 1, 2017 through June 30, 2018.
Douglas said he wanted the community to know, noting this shows the care they take with the public tax dollars.
Besides having no findings, weaknesses, citations or deficiencies, other criteria for receiving the award for a clean audit include: filing timely financial reports with the Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles); having no other financial or other concerns for the entity; and having no comments in the entity’s management letter 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.