Ohio Auditor Dave Yost announced Tuesday the city of Urbana has received the Auditor of State Award for a “clean” audit report.

“It is a great honor for the state auditor to give us this award,” Mayor Bill Bean said. “Chris (Boettcher, finance director) and her team have done an exemplary job in the finance department. This award goes to show the due diligence that this team does with Chris’ leadership. I am so proud of this whole crew.”

The award was based on the audit period from Jan. 1, 2015, through Dec. 31, 2015.

“This (award) puts us at the top of the list for audits by our state auditor, Dave Yost,” Bean said.

In order to receive a “clean” audit report, each entity must file timely financial reports with the state auditor’s office in accordance with GAAP (Generally Accepted Accounting Principles), and the audit report must contain no findings for recovery, material citations, material weaknesses, significant deficiencies, single audit findings or questioned costs.

Also, the entity’s audit management letter must be free of comments related to the following: Ethics referrals, questioned costs less than $10,000, lack of timely report submission, reconciliation, failure to obtain a timely single audit, findings for recovery less than $100, public meetings or public records, and no other financial or other concerns exist that involve the eligible entity.

The city of Urbana’s audit can be viewed on the Auditor of State’s website at ohioauditor.gov.