For Immediate Release
July 12, 2022
For the tenth year, Mr. Tom Faulkner, Treasurer of Clark-Shawnee Local School District, received the “Auditor of State Award” for a clean financial audit. The award was presented to Faulkner on July 12, 2022, by Auditor of State Keith Faber after his office found no discrepancies in the treasurer’s 2021 fiscal year financial records. The 2021 fiscal year runs from July 2020 through June 2021.
Maintaining good books and records is a “team sport” that requires an exceptional staff and Board of Education, said Auditor of State Keith Faber. “We audit over 6,000 entities and recognize only 8.5% of them with this award each year.”
A financial audit is conducted by the state on the district’s financial procedures, statements, records, and more, annually. The Auditor of State’s office recognizes entities that meet specific criteria during their financial audits.
“A clean audit demonstrates to taxpayers that we, as a district, are taking care of their money and using it wisely each day,” said Faulkner. “As the Clark-Shawnee Treasurer, I value a clean audit because I want our community and our staff to know that they are in good hands financially.”
Though the Auditor of State Award is presented to the treasurer, Faulkner explained that each position in the district plays a role in earning a clean audit. From secretaries taking payments for student activities, teachers submitting documentation, administrators monitoring budgets and expenses, and so much more.
“The district has earned this award and I am thankful for the effort of each administrator, support staff, and teacher who has made this possible,” said Faulkner.
In addition to reviewing the district’s financial records and reports, an audit also examines public records, vendor contracts, assets, accounts payable, payroll, attendance reports, student activities, scholarships, use of grants and federal dollars, and more.
“This award reinforces the high levels of accuracy and credibility with which Clark-Shawnee Local’s Treasurer’s department operates,” said Mr. Brian Kuhn, Superintendent of Clark-Shawnee. “Mr. Faulkner and his team do an outstanding job as stewards of taxpayer dollars.”
According to the Auditor of State, those who receive the award meet the following criteria:
The entity must file financial reports with the Auditor of State’s office by the statutory due date, without extension, via the Hinkle System on the GAAP accounting basis;
The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Uniform Guidance (Single Audit) findings, or questioned costs;
The entity’s management letter contains no comments related to:
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 of less than $500
Public meetings or public records issues
“Clean audits show the public that the district is organized, transparent, and trustworthy,” added Faulkner. “This award brings credence to that through the State Office.”
Faber visited Clark-Shawnee Local School District on Tuesday, July 12, 2022, to present the award to Faulkner and tour the new Shawnee Elementary School. Superintendent Brian Kuhn and Board President David DeHart were also present for the award presentation.
The Auditor of State’s office audits more than 6,000 state and local government agencies for the purpose of preventing fraud and promoting transparency throughout the state.