The Southern Ohio Port Authority (SOPA) failed to provide the necessary documents to the state for it could conduct its biannual audit, State Auditor Keith Faber announced Tuesday.
SOPA, which helps promote economic development in Scioto County, did not have the required financial records available. It had not submitted fiscal statements or footnotes for the fiscal years ending in 2017 and 2018. The port authority has 90 days to revise its records and provide it to the state auditor, or it may face legal action.
“Financial records must be organized and complete so that taxpayers remain informed of government spending,” Faber said in a news release. “Our Local Government Services team is ready to help should the authority need assistance correcting these deficiencies.”
If SOPA fails to provide the documents within 90 days, Ohio Attorney General Dave Yost will have the authority to issue a subpoena that would require them to explain the condition of the records needed for an audit. He could also file a lawsuit compelling SOPA to produce the documents.
For the time being, the auditor has declared SOPA “unauditable.” Once the audit is completed and released to the public, it will be removed from that list.