State auditor questions future of Liberty Township - 21 News Now, More Local News for Youngstown, Ohio -

State auditor questions future of Liberty Township

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COLUMBUS, Ohio - A state audit casts doubt on the financial future of Liberty Township.

An auditor's report released last week scrutinized  the township's finances from 2010 to 2011.

The audit includes a memo signed by Ohio Auditor Dave Yost that includes the following cautionary note:

"The Township has suffered recurring losses from operations and has a General Fund balance that raises substantial doubt about its ability to continue as a going concern."

The auditor's memo makes reference to a note in the report that as of the end of 2012, the township's unadjusted General Fund balance was a negative $336,710.  

The township officials responses were included in the audit.

They say they have taken cost cutting measures such as closing the post office and dispatch center. Retiring employees are not being replaced. Budgets have been lowered in all departments. 

Although  township officials say they do not plan to cut any services to the citizens, they claim that debt from the Police and  Fire departments should be paid in four or five years.

You may view the auditor's report in its entirety here. LINK

Stay connected with wfmj.com and 21 News for the latest on this developing story.

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