By Daniel Karell
On July 23, the Office of the Ohio Auditor of State, Dave Yost, filed their independent auditor’s report on the financial state of the village of Mt. Orab, for the years 2013 and 2014.
In their conclusion, the Ohio Auditor of State found Mt. Orab’s finances to have a clean bill of health, writing that they could “not identify any deficiencies in internal control that we consider material weaknesses,” and found that the results of their auditing “disclosed no instances of noncompliance or other matters we must report under Government Auditing Standards.”
“No findings no citations, no recommendations,” Mt. Orab mayor Bruce Lunsford said. “It was a good clean audit. That’s what we expected.”
The audit’s report show’s that between Jan. 1, 2014 and Dec. 31, 2014, the village earned more money than they had anticipated, resulting in a year-end surplus of $156,570. This comes a year after the village finished 2013 with a difference of $21,725 between what they had appropriated in their budget and what they earned.
Also, while Mt. Orab is booming in terms of new businesses coming to the village and infrastructure improvements with it, the village has also taken on debt worth $13.4 million in principal (as of Dec. 31, 2014) for 23 different projects, including wastewater treatment plant improvements, fire truck acquisition, the Brooks-Malott Road and S.R. 32 interchange, and other various bonds.
The Auditor of State though detected no issues with the village’s finances, as they’re on pace to pay back all of their debt over the terms of each bond’s contract.
In addition to Mt. Orab, Perry Township, Huntington Township, Union Township, Eagle Township, and the Brown County District Board of Health were all audited by the State Auditor’s office.
The Auditor of State gave Perry Township, Eagle Township, Union Township, and the District Board of Health all clean bill of health. The audits into Eagle Township and Union Township were only to test agreed upon practices.
However, the Auditor of State identified numerous non-compliance issues with Huntington Township’s financial records, finding material noncompliance and material weakness in financial reporting for their audit of the years 2013 and 2014.
Completed audits can be found on the Auditor of State’s website under the audit search tab.
Reach Daniel Karell at 937-378-6161. Follow him on Twitter @GNDKarell