RTA receives Auditor of the State Award for 5th year in a row
For Immediate Release
CONTACT: Jessica Olson (937) 425-8352, Communications Manager
(DAYTON, OHIO) … For the fifth year in a row the Greater Dayton RTA was awarded the Auditor of the State Award for its exemplary financial reporting in accordance with statewide principles.
Ohio Auditor Dave Yost personally presented the RTA Board of Trustees and leadership with its award at the RTA offices in downtown Dayton on Oct. 10. The RTA received the award this year for its audit of the fiscal year 2017.
“This award is a snapshot of how well the mechanisms of an organization run,” Yost said.
The Auditor of the State Award is only given to a very select group of organizations across Ohio that meet strict guidelines set up by the State Auditor’s office. Each year more than 6,000 state and local government agencies are audited across Ohio and only 5 percent of those audits qualify for the Auditor of the State Award, Yost said.
Hard work done by all RTA departments to accurately and responsibly record financial activity is part of what led to the receipt of this award for seven of the past eight years, RTA Chief Financial Officer Many Stanforth said.
“This award is a reflection of our entire staff’s dedication and professionalism,” Stanforth said. “The RTA Board of Trustees, our Chief Executive Officer Mark Donaghy, and all directors and staff play an important role with regards to our agency’s fiscal responsibility.”
The Auditor of the State Award designation has the following criteria:
- Organizations must file a timely financial report in accordance with “Generally Accepted Accounting Principles.”
- The report must not contain any negative findings.
- The report must not contain any negative comments regarding ethics, questioned costs, or reconciliation.
The RTA has earned this award from the State of Ohio Auditor’s Office in 2010, 2011, 2013, 2014 and 2015, 2016 and 2017.