The Ohio Auditor of the State is awarding Cleveland Public Library the Auditor of State Award with Distinction for fiscal year 2016. The award, which rewards clean audit reports, has been bestowed upon the Library for the last five consecutive years. This year, for the first time, Ohio Auditor Dave Yost will travel to Cleveland to present the award in a September 28 ceremony held at the Library.
Public entities must meet specific criteria during their financial audits to be eligible for an Auditor of the State Award with Distinction. Requirements include filing a timely Comprehensive Annual Financial Report (CAFR) that does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings, or questioned costs, among other criteria.
“This award represents the fine and thorough work of our finance department here at Cleveland Public Library, and we’re grateful for their efforts,” said Executive Director and CEO Felton Thomas, Jr. “Winning this award demonstrates our accountability to the Cleveland taxpayers and to our community as a whole. It shows we can be trusted to make good use of the funds meant to benefit Cleveland through library materials, programs, services, and more.”
Cleveland Public Library became eligible for—and received—the Auditor of State Award with Distinction for FY 2012, the first year the Library submitted its financial audit in the form of a CAFR. According to Chief Financial Officer Carrie Krenicky, the CAFR format provides the Library with a more comprehensive way to communicate its financial position to the public.
Yost will present the Auditor of State Award with Distinction during a ceremony held September 28 at 1:30 p.m. in the Andrew A. Venable, Jr. Visitor Center, located on the first floor of the Louis Stokes Wing of Cleveland Public Library at 525 Superior Avenue.