Ohio Code 117.131 – Local government audit support fund
There is hereby created in the state treasury the local government audit support fund. The fund shall consist of revenue credited pursuant to section 131.511 of the Revised Code and any other revenue as provided by law. The appropriation for the fund shall remain at the amount designated by the general assembly. The controlling board shall not authorize additional spending from the fund in excess of any appropriation made by the general assembly.
Terms Used In Ohio Code 117.131
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Audit: means any of the following:
(1) Any examination, analysis, or inspection of the state's or a public office's financial statements or reports;
(2) Any examination, analysis, or inspection of records, documents, books, or any other evidence relating to either of the following:
(a) The collection, receipt, accounting, use, or expenditure of public money by a public office or by a private institution, association, board, or corporation;
(b) The determination by the auditor of state, as required by section 117. See Ohio Code 117.01
- state: means the state of Ohio. See Ohio Code 1.59
The auditor of state shall use the fund to support the cost of financial audits, performance audits, and other audits of local public offices performed pursuant to Chapter 117 of the Revised Code or as otherwise provided by law.
The fund shall be used in a manner to be determined by the auditor of state to offset the audit costs that would otherwise be charged to local public offices in the absence of the fund.