The Auditor of State Award with Distinction is 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 the form of a CAFR (Comprehensive Annual Financial Report);
 

·         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:

o   Ethics referrals

o   Questioned costs less than $10,000

o   Lack of timely report submission

o   Reconciliation

o   Failure to obtain a timely Single Audit

o   Findings for recovery less than $100

o   Public meetings or public records