Award Recognizes MORPC for Transparency and Sound Fiscal Management
The Mid-Ohio Regional Planning Commission (MORPC) has been honored with the Ohio Auditor of State’s Award with Distinction for its exemplary 2022 Annual Comprehensive Financial Report (ACFR). The award recognizes MORPC’s commitment to financial reporting excellence and transparency.
The Ohio Auditor of State Award with Distinction is bestowed upon agencies that exhibit unparalleled financial reporting practices and adhere to the highest standards of accountability. This recognition is reserved for organizations that not only file an ACFR but also present timely financial reports in compliance with generally accepted accounting principles, while simultaneously receiving an unmodified audit report devoid of findings.
"As a champion of regional progress, MORPC takes its financial responsibilities seriously. This recognition underscores our dedication to transparency and sound fiscal management. We are honored to receive the Ohio Auditor of State Award with Distinction and will continue to uphold the highest standards in financial reporting."
According to Auditor Keith Faber, by keeping accurate financial records, governing bodies demonstrate their commitment to efficient, effective, and transparent service. This award honors public agencies that have put in the hard work to keep their finances in order.
“MORPC’s Finance Team is incredibly honored to receive this award for the ninth consecutive year. We are proud to be among the 4 percent of audited entities receiving this award for excellence in financial reporting. We remain fully committed to responsibly managing our finances in a way that is accountable and transparent.”
The Ohio Auditor of State’s Office presents the Award with Distinction to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria which include filing financial reports within the statutory due date, adhering to the Generally Accepted Accounting Principles (GAAP), and submitting an ACFR. Moreover, the audit report should be free from findings for recovery, material citations, material weaknesses, significant deficiencies, Uniform Guidance (Single Audit) findings, or questioned costs.
MORPC’s financial stewardship also was demonstrated by a management letter than contains no comments related to ethics referrals, questioned costs less than the threshold per the Uniform Guidance, lack of timely report submission, bank reconciliation issues, failure to obtain a timely single audit in accordance with Uniform Guidance Findings for recovery less than $500, public meetings or public records issues, and other financial or other concerns.
MORPC receives funding from federal sources and the state of Ohio, public utility companies, city and county governments of Central Ohio, membership dues and tax-deductible contributions, and grants from foundations and corporations. MORPC is both a political subdivision and a 501(c)(3) nonprofit.
To review MORPC’s 2022 ACFR, visit Budget and Finances – MORPC.org
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