Ohio Bureau of Workers' Compensation and Industrial Commission of Ohio (A Department of the State of Ohio)
OHIO BUREAU OF WORKERS' COMPENSATION AND INDUSTRIAL COMMISSION OF OHIO (A DEPARTMENT OF THE STATE OF OHIO) FINANCIAL STATEMENTS June 30, 2020 and 2019 Board of Directors Ohio Bureau of Workers’ Compensation and Industrial Commission of Ohio P. O. Box 182880 Columbus, Ohio 43218 We have reviewed the Independent Auditor’s Report of the Ohio Bureau of Workers’ Compensation and Industrial Commission of Ohio, Franklin County, prepared by Crowe LLP, for the audit period July 1, 2019 through June 30, 2020. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them. Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. The Ohio Bureau of Workers’ Compensation and Industrial Commission of Ohio is responsible for compliance with these laws and regulations. Keith Faber Auditor of State Columbus, Ohio November 13, 2020 Efficient Effective Transparent This page intentionally left blank. OHIO BUREAU OF WORKERS' COMPENSATION AND INDUSTRIAL COMMISSION OF OHIO (A DEPARTMENT OF THE STATE OF OHIO) Columbus, Ohio FINANCIAL STATEMENTS June 30, 2020 and 2019 CONTENTS INDEPENDENT AUDITOR’S REPORT .................................................................................................... 1 MANAGEMENT’S DISCUSSION AND ANALYSIS .................................................................................. 3 FINANCIAL STATEMENTS STATEMENTS OF NET POSITION ................................................................................................... 9 STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION ........................ 10 STATEMENTS OF CASH FLOWS ....................................................................................................
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