A recent financial audit of Hocking Valley Community Hospital by the Auditor of State’s office has returned a clean audit report. HVCH’s excellent record keeping has earned it the Auditor of State Award.
“HVCH’s clean audit confirmed a strong foundation that allows for accurate financial reporting and clear checks and balances that help to ensure we keep healthcare in Hocking County. We believe that good financial governance translates into better service delivery to our patients,” HVCH CFO Julie Grow said.
The Auditor of State Award is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:
- The entity must file timely financial reports with the Auditor of State’s office in accordance with the GAAP (Generally Accepted Accounting Principals);
- The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
- The entity’s management letter contains no comments related to:
- Ethics referrals
- Questioned costs less than $10,000
- Lack of timely report submission
- Failure to obtain a timely Single Audit
- Findings for recovery less than $100
- Public meetings or public records
“Congratulations on receiving the Auditor of State Award,” David Yost, Ohio Auditor of State, said. “My office looks forward to continuing to work with you to ensure a clean, accountable and efficient government for all Ohioans.”
Hocking Valley is a community non-profit hospital with an emergency department, urgent care and a wide variety of clinical, specialty and outpatient services. For more information, contact the Community Relations office at (740) 380-8336.