MCTA Receives Award from Ohio Auditor

Wednesday, April 04, 2012

YOUNGSTOWN, Ohio – For a second consecutive year, the Mahoning & Columbiana Training Association has received the "Auditor of State Award" following an audit by the office of Ohio Auditor Dave Yost.

“This second award recognizes our continuing efforts to implement and maintain effective and efficient fiscal policies and procedures to properly spend and account for all funds entrusted to MCTA,” said Bert Cene, MCTA director. “We are once again pleased to be acknowledged for the diligence with which MCTA carries out its fiduciary responsibilities in accomplishing the mission of serving the Mahoning and Columbiana County workforce needs.”

The award 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 accordance with generally accepted accounting principles, of GAAP;
• The audit doesn’t 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 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, or public meetings or public records. 

Published by The Business Journal, Youngstown, Ohio.