Liberty Township in state of fiscal caution - 21 News Now, More Local News for Youngstown, Ohio -

Liberty Township in state of fiscal caution

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LIBERTY TOWNSHIP, Ohio - Liberty Township is now in a state of fiscal caution due to incorrect fund use.

"You can't rob the police and fire funds to balance your general fund budget," Auditor of State Dave Yost said.  "Liberty Township needs to get serious about putting its finances in order.  This is an opportunity to address their issues before they get worse."
 
According to a release, Liberty Township's 2010 and 2011 audited financial statements found that the township had significant deficiencies, material weaknesses and direct and material noncompliance with Ohio law.  

The township expended more than $85,000 from the Police District fund and more than $160,000 from the Fire District fund. That money was used to pay debts on the General fund and the 911 Communication fund, which violates an Ohio Revised Code.  

There also were incorrect adjustments made when paying for the costs of the township's telecommunications center, and the township failed to repay findings for adjustment noted in the 2008-2009 audit.  
 
The township has 60 days to submit a plan to correct its current conditions to the Auditor of State.

 You can download a copy of the entire fiscal caution by following this link.

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