Laketran, the regional public transit authority for Lake County, Ohio, received a clean audit for the 15th consecutive year. Laketran received an unqualified opinion, the best opinion available for this type of audit, from a third-party auditor James G. Zupka, CPA, Inc. Zupka is contracted by the state of Ohio to conduct Laketran's audit and issue an opinion, which is subject to review by the Auditor of State.
"We are very proud of our track record of 15 years of unqualified opinions with no material findings," notes Laketran general manager Ray Jurkowski. "Our staff and leadership team work closely to be prudent and thorough in our financial practices. These audit findings confirm that we are being good stewards of the public funding that comes from our local sales tax levy, the state of Ohio, federal grants and our riders."
The audit covered the 2010 fiscal year, ending in December 2010. The agency's annual operating budget in 2010 was $11.8 million.
"I am very proud of Laketran's management team for this great accomplishment. It supports our objective of accountability to our customers and the community. We are doing everything we can within our budget to bring high quality public transportation services to Lake County residents," board president, Kevin Malecek commented.