MWCD receives 'Auditor of State' award for clean audit reports

June 26, 2013

The Muskingum Watershed Conservancy District (MWCD) has been awarded the “Auditor of State Award” from the Ohio Sate Auditor’s office for meeting a range of criteria for required audits conducted of the conservancy district’s budgets for the past two years.

 

Auditor of State Dave Yost recently announced that the MWCD was selected to receive the award of commendation because the MWCD audit reports for the years 2011 and 2012 met the following guidelines:

 

* The MWCD filed timely financial reports with the Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles) standards

 

* The MWCD audit reports do not contain any findings for recovery, material citations, material weaknesses, significant weaknesses, significant deficiencies, single audit findings, and/or questioned costs

 

* The MWCD’s audits also report that none of the following issues were identified:

            - Ethics referrals

            - Questioned costs of less than $10,000

            - Lack of timely report submission

            - Reconciliation

            - Failure to obtain a timely single audit

            - Findings for recovery of less than $100

            - Public meetings or public records issues

 

“The MWCD and its financial management staff understand and have accepted the challenges and tasks that are associated with overseeing the public funds that are managed by the MWCD,” said John M. Hoopingarner, MWCD executive director/secretary. “The standards of excellence that are associated with this award are a reflection of the dedication of the MWCD’s entire staff to the wise use of its funds in a completely public and transparent manner.”

 

Copies of the MWCD’s audit reports are available online at the Auditor of State’s website at www.auditor.state.oh.us.

 

The Auditor of State’s office is responsible for auditing more than 5,700 state and local government agencies.

 

The MWCD, a political subdivision of the state, was organized in 1933 to develop and implement a plan to reduce flooding and conserve water for beneficial public uses in the Muskingum River Watershed, the largest wholly contained watershed in Ohio. Since their construction, the 16 reservoirs and dams in the MWCD region have been credited for saving an estimated $10.7 billion worth of potential property damage from flooding, according to the federal government, as well as providing popular recreational opportunities that bolster the region’s economy. A significant portion of the reservoirs are managed by the MWCD and the dams are managed for flood-risk management by the federal U.S. Army Corps of Engineers (USACE).

 

For more information about the MWCD, visit www.mwcd.org and follow the MWCD on Facebook and Twitter.

 

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