Leverage for Efficiency, Accountability and Performance
Note: State agencies and local public offices with outstanding accounts payable with the Auditor of State’s office will be required to make arrangements to pay outstanding obligations prior to entering into an agreement under the LEAP fund program.
With the enactment of Sub. S.B. 4, effective April 5, 2011, Ohio Auditor of State Dave Yost is administering the Leverage for Efficiency, Accountability and Performance (LEAP) Fund to make loans to state agencies and local public offices requiring financial assistance to defer the cost of performance audits. The intent is to focus these limited resources where they can be of the most value.
Any state agency or local public office may apply. Local public office is defined in the Ohio Revised Code, Section 117.01, as “any state agency, public institution, political subdivision, or organized body, office, agency, institution, or entity established by the laws of this state for the exercise of any function of government."
Applications are accepted on an on-going basis, and will be reviewed and approved where the available funds are likely to have the greatest impact. The Auditor of State’s Office reserves the right to reject any and all applications.
If you are interested in receiving information about the LEAP Fund, contact us at LEAP@ohioauditor.gov. A representative from the Auditor of State's office will then be in touch with you.
All selected applicants will be required to sign a letter of engagement with the AOS that outlines the scope of services to be provided, the timing of the audit and includes specific payment terms as detailed in the Reimbursement Procedure section of the letter of arrangement.