GRANDVIEW - "It's the closest thing we receive to a report card. It's our grade at the end of the fiscal year," Grandview City Treasurer John Myers says of state audits.
In that case, consider the city of Grandview a straight-A student according to a state audit issued last week. The audit evaluated Grandview's books for 2011 and "noted no instances of noncompliance that were material to the financial statements of the city."
The audit's focus was on the city's compliance and internal control over financial reporting.
The state auditor's office applied a series of financial tests to the city's books, and noted that Grandview had no issues with non-compliance.
Further, state officials praised Grandview's actions in addressing a previous audit finding levied last September. A finding indicates a potentially serious issue.
Myers said the issue in that finding, issued during a state audit of the city's books for 2010, involved how Grandview proofed its annual financial statement.
"We changed that process to include one additional review," he said.
As for this year's audit -government agencies in this state are audited annually - Myers is pleased with the "grade" Grandview received.
"It measures how we're doing and we consider it a success," he said. "We have a strong and capable team and I think this shows that."