The city of Upper Arlington has maintained its track record of satisfying standards for financial record-keeping and recording, according the state.

The city of Upper Arlington has maintained its track record of satisfying standards for financial record-keeping and recording, according the state.

Brent Lewis, Upper Arlington's assistant finance director, reported Aug. 15 that the city has once again met guidelines for financial accounting and record-keeping in 2015.

"We once again received an unqualified opinion, which is the best opinion you can receive," Lewis said. "I don't know that we've ever received anything other than an unqualified opinion."

Due to its size and level of financial activities, Upper Arlington is required by the Ohio Auditor's Office to report its revenues and expenditures annually.

The city also submits a Comprehensive Annual Financial Report (CAFR) yearly, and those efforts have earned it an Auditor of State Award with Distinction -- formerly known as the Excellence in Financial Reporting award -- each year since 1994, when the state began distributing them.

Although the auditor's office hasn't officially given its awards for 2015, Lewis said the state hired Newark-based Wilson, Shannon & Snow Inc. to audit Upper Arlington; no reporting, internal control or compliance issues were found for any city divisions, such as police, fire and parks and recreation.

He noted the audit helps show community members the city is correctly and transparently managing its finances, and bolsters its chances of maintaining the highest bond ratings given by Moody's Investor Service and Standard and Poor's.

The latter distinctions allow the city to more easily borrow money for large capital projects.

"The fact we don't get any comments (on the audit) is a big deal," Lewis said. "We did the best job that can be done."

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