The City of Xenia was recently recognized by the Ohio Auditor of State’s Office with the Auditor of State Award with Distinction for the fiscal year of 2020 Comprehensive Annual Financial Report (CAFR). The auditor’s office audits nearly 6,000 local governments and school districts in the state and less than four per cent of those entities are eligible for the award. “This puts the City of Xenia in a very select group,” said Joe Braden, West Regional Liaison for Ohio Auditor of State Keith Faber.
In a brief presentation before City Council, Braden explained criteria entities must meet in order to be eligible for the award. The criteria include filing financial reports with the Auditor of State’s office by the statutory due date and preparing a Comprehensive Annual Financial Report (CAFR). The report must not contain any findings for recovery, significant deficiencies, or questioned costs. The City must also be in good financial standing and have no designations of fiscal distress or other financial concerns identified by the State.
The entity’s management letter, which is prepared by the auditor and discusses findings from the audit, must not contain comments including those related to public meetings or public records issues, bank reconciliation issues, ethics referrals, and questioned costs.
“This award represents the hard work of every employee here in the City of Xenia who makes the effort each day to achieve accounting excellence,” Braden told members of Council. “I would like to specifically recognize Ryan Duke, your Finance Director, for his exceptional commitment to financial integrity.”
Previously, the City of Xenia received the Auditor of State Award with Distinction during the fiscal years of 2018 and 2019.