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LIBERTY TOWNSHIP, Ohio (WKBN) — Liberty Township has been put on fiscal caution by the state auditor.
In a news release on Thursday, Auditor of State Dave Yost said the township was placed on fiscal caution after a review of Liberty Township’s 2010 and 2011 financial statements.
The audit found the township had “significant deficiencies, material weakness and direct material noncompliance with Ohio law,” the release stated.
“You can’t rob the police and fire funds to balance your general fund budget,” 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.”
The township spent $85,304 from the Police District Fund and $161,388 from the Fire District fund to pay the debts of the General Fund and 911 Communication Fund, which violates Ohio law.
Liberty Trustee Jodi Stoyak said they just corrected the problem Wednesday at a special meeting and hopes that the state auditor will take notice and remove the township from fiscal caution.
Other financial discrepancies were found, including balance adjustments made when paying for the telecommunications center. The township also failed to make state recommended adjustments in the 2008-2009 budget, the release stated.
To view the audit, click here.