|New audit system saves W. Millgrove 95 percent|
|Written by Sentinel-Tribune Staff|
|Tuesday, 18 June 2013 11:23|
WEST MILLGROVE - The village saved 95 percent of its traditional audit costs in its first "basic audit," a new procedure introduced last year by Auditor of State Dave Yost.
The village qualified for the basic audit based on having average annual disbursements of $100,000 or less and having no disqualifying audit concerns as defined by Auditor of State bulletins. The 2011-2012 audit released this month cost $492, compared to the prior audit cost of $10,140 - a savings of 95 percent.
The option for a basic audit, an on-site limited review, was introduced by Yost in September. The following public offices could be eligible: villages, townships, libraries, parks and recreation districts, water and sewer districts, county boards of health, conservancy districts, solid waste districts, regional planning commissions, fire and ambulance districts, cemeteries, agricultural societies and Family & Children First councils, and others case by case.
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