For the fourth consecutive year, the City of Xenia was recognized by the State Auditor of Ohio with the Award of Distinction in Financial Reporting. The award was given after reviewing the City's Annual Comprehensive Financial Report for the fiscal year of 2021.
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. The City of Xenia previously received this honor in 2018, 2019, and 2020.
The criteria to be considered for this award include filing financial reports with the Auditor of State’s office by the statutory due date and preparing an Annual Comprehensive Financial Report. 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.