July 24, 2016

Mostly cloudy

Medina Schools honored for financial reporting

Medina Schools has received recognition for excellent financial reporting from a professional association of government financial officers.

The district received a certificate of achievement for excellence in financial reporting from the Government Finance Officers Association of the United States and Canada for its 2012 comprehensive annual financial report.

Medina Treasurer Jim Hudson said the award helps the district maintain its credit rating when it needs to refinance or reissue bonds.

“We have received that over the last several years — at least the last four or five,” Hudson said.

Hudson, who received an award of financial reporting achievement as well, said his staff deserved credit for the recognition.

Over the past several months, the district has been under intense public scrutiny for the board’s approval of a controversial contract for Superintendent Randy Stepp, who has been placed on paid administrative leave while the state conducts a special audit of Stepp’s spending from a fund held by the Medina County Schools Educational Service Center.

The district’s comprehensive annual financial report can be viewed at the state auditor’s website at www.auditor.state.oh.us. Audits can be searched by clicking on the “Search for audits” button on the left side of the page.

Contact reporter Kiera Manion-Fischer at (330) 721-4049 or kfischer@medina-gazette.com.