Every financial year is audited by the State of Ohio Auditor of States office. Financial reporting is made to the state who then spends weeks at the City pulling records, verifying accounts, evaluating purchase orders, their receipts and checks. The State also makes exhaustive evaluations of the City's bank accounts and appropriations (budget). These yearly intensive audits focus on many areas but are mainly concerned with the Auditor, Treasurer, and Councils budgetary actions. Any citizen or employee may attend the States public audit meetings. The 2017 audit has begun, we are waiting for the State Audit team to arrive.
The Norwood Auditors office is the proud recipient of the Government Financial Officers Association (GFOA) award for Excellence in Financial Reporting for each year we file a Comprehensive Annual financial Report (CAFR).
Annual Financial Reports
City Financial Reports
Annual financial reports for 2017 are currently being audited by the State of Ohio and are expect to be completed in Summer 2018.
Annual Financial Report 2017 - Audited financial report under GAAP - City_of_Norwood_17-Hamilton.pdf
Annual Financial Report 2016 - Audited financial report under GAAP - City_of_Norwood_16-Hamilton.pdf
Fiscal Emergency Analysis 2016 - City_of_Norwood_Fiscal_Analysis_12_15_and_06_16_Final-REISSUE.p
Annual Financial Report 2015 - Audited financial report under GAAP - City_of_Norwood_15-Hamilton.pdf
Annual Financial Report 2014 - Audited financial report under GAAP - City_of_Norwood_14-Hamilton.pdf
Annual Financial Report 2013 - Audited financial report under GAAP - City_of_Norwood_13-Hamilton.pdf
Annual Financial Report 2012 - Audited financial report under GAAP - City_of_Norwood_2012_audited_financial_statements.pdf
Annual Financial Report 2011 - Comprehensive Annual Financial Report - City_of_Norwood_11-Hamilton.pdf
Annual Financial Report 2010 - Comprehensive Annual Financial Report - City_of_Norwood_10-Hamilton.pdf
Annual Financial Report 2009 - Comprehensive Annual Financial Report - 2009_City_of_Norwood_CAFR.pdf
Annual Financial Report 2008 - Comprehensive Annual Financial Report Norwood_2008_CAFR.pdf
GAAP Report - An annual report prepared by the Norwood Auditor's office using the accrual basis of accounting. This report is in compliance with the Generally
Principles established by the General Accounting Office.
Annual Financial Report 2007 - GAAP Report 2007_GAAP_REPORT.pdf
Modified Cash Basis Report - An annual report prepared by the Auditor's office using the cash basis form of accounting.
Annual Financial Report 2006 - Modified Cash Basis 2006_FINANCIAL_REPORT.pdf