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Kings Receives Auditor of State Award for Fifth Year in a Row!

Posted on: March 5, 2021
Auditor of State Award graphic
Auditor of State, Keith Faber recently announced that the recent financial audit of the Kings Local School District has returned a clean audit report. Kings’ excellent record keeping has earned it the Auditor of State Award for 2020.
 
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 criteria of a “clean” audit report. Kings Treasurer, Cary Furniss said that this award is a positive reflection of every employee in the Kings District. He said, “The Auditor of State Award is a reflection on the efforts of every employee in the Kings School District to fulfill our mission according to the laws, policies, and guidelines prescribed. Kings is blessed with dedicated individuals involved in payroll, personnel, and accounting of public funds for the District and they all have contributed significantly to this recognition.”This award certifies that:
 
Kings Local Schools filed a timely financial report in accordance with Generally Accepted Accounting Principles (GAAP). 
The District’s audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings, or questioned costs.
Kings Local Schools' management letter contains no comments related to: 
ethics referrals; questioned costs less than the threshold per the Uniform Guidance; lack of timely annual report submissions; bank reconciliation issues; failure to obtain a timely Single Audit; findings for recovery less than $500; or public meetings or records issues.No other financial or other concerns exist that involve Kings Local Schools.
 
This is the fifth year in a row that Kings has been awarded this prestigious honor. The financial audit report is designed to provide citizens, taxpayers, investors, and creditors with a general overview of the district’s finances and show the district’s accountability for the money it receives. Kings Local Schools' financial audit report can be found by searching for the District at ohioauditor.gov.
 
For questions related to the district’s audit or other school finance issues, contact Mr. Furniss at cfurniss@kingslocal.net.
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