Promoting Government Efficiency and Accountability
Join Auditor of State Dave Yost as he works to create a leaner, more efficient government.
- LEAP Fund
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.
- OSCPA report on performance audits pdf
- Performance Audit Legislation Signed by Governor
AOS performance audits lead to
skinny and effective governments.
Performance audits provide a tool from outside the bureaucracy to do what the profit motive does for the private sector – drive better leaner performance based on objective measurements.
The benefits are clear:
Performance audits preserve resources
for priority programs while promoting efficiency.
Recommendations identify how to maximize program and service results and highlight best practices that should be adopted.
Performance audits help governments avoid waste.
Performance audits identify outdated or duplicative services while performance auditors review management and administrative practices to ensure they are cost-efficient and streamlined.
Cost savings identified by performance audits lead to sustainable, balanced budgets.
A dollar saved by a performance audit is a dollar earned. Since the beginning of 2007, the Auditor of State’s office has conducted 107 audits recommending almost $169 million in annual cost savings measures. That’s a potential return on investment of $24 for every dollar spent to conduct an audit. These savings are savings in the structural costs of government – costs that may be saved year after year.
Leverage for Efficiency, Accountability and Performance Fund (L.E.A.P. Fund)
Funding for performance audits is critical. Unfortunately struggling governments or agencies that could benefit the most from a performance audit are often those that can least afford to have one conducted. Establishing the Leverage for Efficiency, Accountability and Performance Fund (L.E.A.P. Fund) solves this problem. Through the $1.5 million L.E.A.P. Fund, the AOS will advance costs of a performance audit to state agencies and local governments. Costs will be repaid from next year’s savings, which would in turn be used to fund a new round of performance audits. Funding for the L.E.A.P Fund will be appropriated from the Auditor of State’s current budget.