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  3. /Montgomery County
  4. /Dayton

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Audits & Financial Healthi

FAC

5

Districts

5/5

Clean Audits

Federal audit results for school districts serving your community.

What are school district audits & financial profiles?

Single Audits are required by federal law for any organization spending $1M+ in federal awards. An independent auditor reviews financial statements and compliance with federal program requirements.

An unmodified (clean) opinion means no significant issues were found. A material weakness indicates a serious gap in financial controls that could lead to misstatement of financial reports.

Financial Profile evaluates each school district on five financial indicators — fund balance, spending patterns, cash reserves, and debt levels — assigning a score from 1.00 to 4.00 and a designation:

Recognition: Strong financial position (3.50-4.00)

Review: Adequate financial position (2.50-3.49)

Early Warning: Potential concerns (1.50-2.49)

Watch: Significant concerns (1.00-1.49)

Sources: FACNCES

Audit Opinionsi

Dayton CityClean

Most recent audit found no significant issues. Clean audits in 10 of 10 years (100%).

Clean years

10 of 10

Total audits

10

Oakwood CityClean

Most recent audit found no significant issues. Clean audits in 5 of 5 years (100%).

Clean years

5 of 5

Total audits

5

Jefferson Township LocalClean

Most recent audit found no significant issues. Clean audits in 5 of 6 years (83%).

Clean years

5 of 6

Total audits

6

Mad River LocalClean

Most recent audit found no significant issues. Clean audits in 10 of 9 years (111%).

Clean years

10 of 9

Total audits

10

Northridge LocalClean

Most recent audit found no significant issues. Clean audits in 12 of 10 years (120%).

Clean years

12 of 10

Total audits

15

Audit Timelinei

Dayton City

2025Clean1 finding
Clark Schaefer HackettPDF
2024Clean
Clark Schaefer HackettPDF

Oakwood City

2025Clean
Julian & Grube, Inc.PDF
2024Clean
JULIAN & GRUBE, INC.PDF

Jefferson Township Local

2025Clean
Julian & Grube, Inc.PDF
2024Clean
Julian & Grube, Inc.PDF

Mad River Local

2024Clean
Keith Faber, Ohio Auditor of StatePDF
2023Clean
Keith Faber, Ohio Auditor of StatePDF

Northridge Local

2025Clean
Auditor of State's OfficePDF
2025Clean
Clark Schaefer HackettPDF

Statewide Context

Audit Results

69.3% of statewide districts received clean audit opinions

115 total material weaknesses statewide

Showing most recent audit per district. Full audit history available with a paid plan. View plans →