Auditor Faber declares Carroll County Agricultural Society ‘unauditable’


For immediate release:

April 19, 2022


Auditor Faber declares Carroll County Agricultural Society ‘unauditable’


Columbus – State Auditor Keith Faber’s office last week sent a letter to the Carroll County Agricultural Society declaring the company “unauditable” for the period Dec. 1, 2018 through Nov. 30, 2020 due to inadequate records to perform an audit. audit.

This statement comes after the following information could not be obtained:

• Accurate financial statements filed in the Hinkle system for fiscal years 2019 and 2020. The financial statements filed are not mathematically accurate. The 2019 financial statements did not show a difference of $38,442, and the 2020 financial statements did not show a difference of $25,753. Opening and closing balances have been reconciled to agree with prior year balances and bank reconciliations. In addition, the format of the financial statements is different between the 2019 and 2020 financial years.

• Reconciliation debits (checks) dating back to 07/27/2017 and reconciling credits (deposits) dating back to 11/21/2017 are included in the reconciliation from the most recent reconciliation available, January 2022. Reconciliations do not don’t agree either. to the financial statements filed in the Hinkle system when the financial statements are properly prepared, as indicated in the point above.

• Lack of receipt documents to justify the amounts of receipts in 2019 and 2020. At our meeting on March 22, 2022, we were informed that the secretary is in possession of these.

Within 90 days of receiving the letter, the company must review its financial records and provide the data necessary to complete the audit. Failure to deliver accounts, records and reports in an auditable state within ninety days may result in legal action. This action may result in the Attorney General issuing a subpoena to the Treasurer and Chairman of the Board of Directors to appear at the auditor’s office to explain their failure to provide their financial records. In addition, the Attorney General can take legal action to compel these officials to prepare and/or produce the information necessary to carry out the audit.

If officials need help correcting deficiencies, they can contact the local government services (LGS) department of the state auditor. LGS is a team of financial managers dedicated to providing expert financial services to local governments in Ohio. However, the auditor’s office will not consider the company’s failure to act in a timely manner or its inability to meet our schedule as a mitigating factor for extending the 90-day period.


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Jhe Office of the State Auditor, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 6,000 state and local government agencies . Under auditor Keith Faber, the office also provides financial services to local governments, investigates and prevents fraud in public bodies, and promotes transparency in government.


Contact:

Allie Dumsky

Press officer

[email protected]

Lana T. Arthur