Fiscal Caution, Watch, and Emergency

16
Nov
Village of Leipsic Released from Fiscal Emergency

Auditor Yost today released the Village of Leipsic (Putnam County) from fiscal emergency, a status it held for more than seven years.

16
Nov
Village of Bloomingburg Released from Fiscal Caution

The Village of Bloomingburg (Fayette County) today became just the second local government to be released from the state’s fiscal caution designation without slipping further into fiscal distress.

14
Nov
Auditor Yost Releases the Village of Patterson from Fiscal Emergency

Auditor of State Dave Yost today announced that the Village of Patterson (Hardin County) has achieved financial stability after spending more than four years in fiscal emergency.

02
Oct
Village of Portage Emerges from Fiscal Emergency After More than 8 Years

Auditor of State Dave Yost today announced that the Village of Portage (Wood County) has achieved financial stability after spending nearly 8 1/2 years in fiscal emergency.

21
Jul
City of Wellston Released from Fiscal Emergency After Almost 8 Years

Auditor of State Dave Yost today announced that the City of Wellston (Jackson County) has achieved financial stability after spending nearly eight years in fiscal emergency.

06
Jul
After 3.5 Years, Village of Edgerton Released from Fiscal Emergency

Auditor Yost today released the Village of Edgerton (Williams County) from fiscal emergency, a status it held for more than three and a half years.

28
Jun
Auditor Yost Issues Statement on Passage of H.B. 103

The following statement may be attributed to Auditor Dave Yost regarding the passage of House Bill 103. The legislation makes numerous changes to the membership of financial planning and supervision commissions, which assist local governments in escaping from fiscal emergency. 

22
Jun
Village of Mount Sterling Placed in Fiscal Emergency

Auditor of State Dave Yost today placed the Village of Mount Sterling (Madison County) in a state of fiscal emergency due to substantial deficit fund balances.

27
Apr
Statement from Auditor Yost on Release of Central State University From Fiscal Watch

Auditor of State Dave Yost today issued the following statement regarding the release of Central State University (Greene County) from fiscal watch by the Ohio Department of Higher Education.

27
Apr
City of Massillon Released from Fiscal Emergency

Auditor of State Dave Yost today released the City of Massillon (Stark County) from fiscal emergency, a status it held for more than three years.

17
Apr
Bellaire Local School District Released from Fiscal Emergency

Auditor of State Dave Yost today released the Bellaire Local School District (Belmont County) from fiscal emergency, a status it held for more than seven years.

04
Apr
Statement from Auditor Yost on Pending Release of Owens State Community College from Fiscal Watch

Auditor of State Dave Yost today issued the following statement regarding the pending release of Owens State Community College from fiscal watch by the Ohio Department of Higher Education.

07
Mar
East Knox Local School District Released from Fiscal Emergency

Auditor of State Dave Yost today released the East Knox Local School District (Knox County) from fiscal emergency, a status it held for more than two years.

15
Feb
Updated ‘Fiscal Physical’ Shows Fayette County Not in High Stress

Updated financial data for Fayette County shows the entity is not in high fiscal stress. The recently-released Financial Health Indicators tool identified Fayette as one of 16 cities and/or counties that had the characteristics of highly stressed entities. 

25
Jan
Auditor Yost Releases New ‘Fiscal Physical’ Tool to Help Cities and Counties Avoid Fiscal Stress

Ohio Auditor of State Dave Yost today released a new tool to help cities and counties better assess their financial health and make informed budgetary decisions to avoid potential future fiscal stress.

20
Dec
Mansfield City School District released from fiscal emergency

Auditor of State Dave Yost today released the Mansfield City School District (Richland County) from fiscal emergency, a status it held for three years. 

15
Nov
Village of Wellsville Placed in Fiscal Emergency for Third Time

Auditor of State Dave Yost today placed the Village of Wellsville (Columbiana County) in a state of fiscal emergency for its third time, the most for any local government since the designation was created in 1979.  

10
Nov
Village of Lakemore Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of Lakemore (Summit County) from fiscal emergency, a status it held for more than six years. 

06
Oct
City of Norwood Placed in Fiscal Emergency

Auditor of State Dave Yost elevated the City of Norwood (Hamilton County) to a state of fiscal emergency today as a result of deficit fund balances. The city has spent the past 12 years in fiscal watch.

29
Jun
Auditor Yost Releases Niles City School District from Fiscal Watch

Auditor of State Dave Yost today released the Niles City School District (Trumbull County) from fiscal watch, a status it held for more than 13 years.

13
Jun
Village of Newcomerstown Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of Newcomerstown (Tuscarawas) from fiscal emergency, a status it held for more than four and a half years. 

26
May
City of Fostoria Placed in Fiscal Emergency

Auditor of State Dave Yost placed the City of Fostoria in a state of fiscal emergency today as a result of deficit fund balances.  

26
Apr
Village of Newtonsville Placed in Fiscal Caution

Auditor of State Dave Yost placed the Village of Newtonsville (Clermont County) in a state of fiscal caution today and added it to the “unauditable list” as a result of significant deficiencies in its financial records.

04
Dec
Coventry Local School District Placed in Fiscal Emergency

The inability to submit an acceptable financial recovery plan that eliminates the projected current year deficit prompted Auditor of State Dave Yost to place the Coventry Local School District (Summit County) in a state of fiscal emergency.

01
Oct
Auditor Yost Releases Hamilton Township from Fiscal Emergency

Auditor of State Dave Yost today released Hamilton Township (Warren County) from fiscal emergency, a status it has held since April 2014. 

15
Sep
Village of Clarksville Placed in Fiscal Emergency

Past due accounts payables, deficit fund balances and a treasury deficiency prompted Auditor of State Dave Yost today to place the Village of Clarksville (Clinton County) in a state of fiscal emergency.

16
Jun
Village of Green Camp Placed in Fiscal Emergency

Default on debt and past due accounts payables prompted Auditor of State Dave Yost today to place the Village of Green Camp in a state of fiscal emergency.

02
Apr
Auditor Yost Releases Village of New Bavaria from Fiscal Emergency

Auditor of State Dave Yost today released Village of New Bavaria (Henry County) from fiscal emergency, a status it has held since May 2010. 

31
Mar
Auditor Yost Releases Village of Willshire from Fiscal Emergency

Auditor of State Dave Yost today released Village of Willshire (Van Wert County) from fiscal emergency, a status it has held since December 2005. 

26
Mar
Auditor Yost Releases Village of Morral from Fiscal Emergency

Auditor of State Dave Yost today released Village of Morral (Marion County) from fiscal emergency, a status it has held since May 2013. 

05
Mar
City of Akron Released from Fiscal Caution

Auditor of State Dave Yost today released the City of Akron from fiscal caution – a designation it has held since 2011.

19
Feb
Village of Smithfield Placed in Fiscal Emergency

Defaulting on a debt obligation prompted Auditor of State Dave Yost today to place the village of Smithfield (Jefferson County) in a state of fiscal emergency.

13
Feb
City of Maple Heights Placed in Fiscal Emergency

Defaults on three loans and a significant deficit fund balance prompted Auditor of State Dave Yost today to declare the City of Maple Heights in a state of fiscal emergency.

05
Feb
East Knox Local School District Placed in Fiscal Emergency

The inability to adopt a financial recovery plan while under fiscal watch prompted Auditor of State Dave Yost today to place the East Knox Local School District in a state of fiscal emergency

27
Jan
Cloverleaf Local School District Released from Fiscal Emergency

Auditor of State Dave Yost today released the Cloverleaf Local School District (Medina County) from fiscal emergency, a status it has held since January 2012.

06
Jan
Southern Local School District could Eliminate Deficit Threat

Southern Local School District (Perry County) could turn a projected $730,000 deficit into a $1.4 million surplus by implementing performance audit recommendations released today by Auditor of State Dave Yost.

01
Dec
Liberty Local School District Released from Fiscal Emergency

Auditor of State Dave Yost today released Liberty Local School District (Trumbull County) from fiscal emergency; a status it has held since 2011.

07
Oct
City of Niles Placed in Fiscal Emergency

Substantial deficit fund balances prompted Auditor of State Dave Yost today to place the city of Niles (Trumbull County) in a state of fiscal emergency.

02
Oct
Village of Smithfield Placed in Fiscal Caution

Failure to bring financial records into an auditable condition prompted Auditor of State Dave Yost today to place the Village of Smithfield (Jefferson County) in a state of fiscal caution.

30
Sep
East Knox Local School District Placed in Fiscal Watch

Failure to provide an acceptable financial recovery plan prompted Auditor of State Dave Yost today to place East Knox Local School District (Knox County) in a state of fiscal watch.

21
Aug
Brookfield Local School District could Regain Financial Stability

Brookfield Local School District (Trumbull County) could save nearly $250,000 per year and move closer toward shedding its fiscal emergency status, according to a performance audit released by Auditor of State Dave Yost.

 

22
Jul
Rush Township Placed in Fiscal Caution

Unreconciled financial statements and significant audit citations prompted Auditor of State Dave Yost today to place Rush Township (Scioto County) in a state of fiscal caution.

07
Jul
Auditor Yost Releases City of Mansfield from Fiscal Emergency

Columbus – Auditor of State Dave Yost today released the City of Mansfield (Richland County) from fiscal emergency in the final meeting of their financial planning and supervision commission.

30
Jun
Auditor Yost Releases Scioto County from Fiscal Emergency

Auditor of State Dave Yost released Scioto County from fiscal emergency today during the final meeting of their financial planning and supervision commission.

15
May
St. Clair Township Placed in Fiscal Emergency

Significant deficit fund balances prompted Auditor of State Dave Yost today to place St. Clair Township (Butler County) in a state of fiscal emergency.

14
May
Audit Releases for Thursday, May 15

The following audits will be released Thursday, May 15, 2014.

13
May
Village of Trimble Placed in Fiscal Emergency

Deficit fund balances, treasury deficits and significant past due accounts prompted Auditor of State Dave Yost today to place the Village of Trimble (Athens County) in a state of fiscal emergency. 

22
Apr
Village of Waynesville Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of Waynesville (Warren County) from fiscal emergency.

10
Apr
City of Maple Heights Placed in Fiscal Watch

Significant deficits prompted Auditor of State Dave Yost today to place the city of Maple Heights (Cuyahoga County) in fiscal watch after a requested review of the city’s finances. 

09
Apr
Hamilton Township Placed in Fiscal Emergency

Multi-million dollar deficit fund balances and treasury deficits prompted Auditor of State Dave Yost today to place Hamilton Township (Warren County) in a state of fiscal emergency.

01
Apr
Performance Audit of Massillon Identifies $628,000 in Potential Savings

As much as $628,000 could be saved every year by the City of Massillon through the implementation of 13 recommendations outlined in a performance audit released today by Auditor of State Dave Yost. 

06
Feb
Bettsville Local School District Placed in Fiscal Emergency

An operating deficit of $775,000 prompted Auditor of State Dave Yost today to place the Bettsville Local School District (Seneca County) in a state of fiscal emergency.

19
Dec
City of East Cleveland's Finances in Continued Disarray

The City of East Cleveland’s financial situation continues to spiral downward according to the 2011 and 2012 financial audits released today by Auditor of State Dave Yost. 

17
Dec
Village of Bloomingburg Placed in Fiscal Caution

Significant audit citations and deficit balances prompted Auditor of State Dave Yost today to place the Village of Bloomingburg (Fayette County) in a state of fiscal caution. 

17
Dec
Village of Edgerton Placed in Fiscal Emergency

Deficit fund balances prompted Auditor of State Dave Yost today to place the Village of Edgerton (Williams County) in a state of fiscal emergency.

17
Dec
Mansfield City School District Placed in Fiscal Emergency

The inability to adopt a financial recovery plan prompted Auditor of State Dave Yost today to place the Mansfield City School District (Richland County) in a state of fiscal emergency.

22
Oct
Village of McClure Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of McClure (Henry County) from fiscal emergency, a status it has held since 2009.

21
Oct
Audit Releases for Tuesday, October 22

The following audits will be released Tuesday, October 22, 2013. 

21
Oct
City of Lorain Released from Fiscal Watch

In a visit to the city today, Auditor of State Dave Yost today released Lorain (Lorain County) from fiscal watch, a status it has held since 2002.

17
Oct
Village of Bethel Released from Fiscal Emergency

During a visit to the village today, Auditor of State Dave Yost released Bethel (Clermont County) from fiscal emergency, a status it has held since 2010.

17
Oct
Village of Rarden Placed in Fiscal Caution

Poor records and failure to prepare required financial documents prompted Auditor of State Dave Yost today to place the Village of Rarden (Scioto County) in a state of fiscal caution.

08
Oct
City of Massillon Placed in Fiscal Emergency

Deficit fund balances prompted Auditor of State Dave Yost today to place the City of Massillon (Stark County) in a state of fiscal emergency.

07
Oct
Audit Releases for Tuesday, October 8

The following audits will be released Tuesday, October 8, 2013. 

03
Oct
Liberty Township Placed in Fiscal Caution

 Incorrect fund use prompted Auditor of State Dave Yost today to place Liberty Township (Trumbull County) in a state of fiscal caution.

02
Oct
City of Campbell Released from Fiscal Emergency

During a visit to the city today, Auditor of State Dave Yost released Campbell (Mahoning County) from fiscal emergency, a status it has held since 2004.

19
Sep
City of Garfield Heights Released from Fiscal Emergency

During a visit to the city today, Auditor of State Dave Yost released Garfield Heights (Cuyahoga County) from fiscal emergency, a status it has held since 2008.

08
Aug
Franklin Township Placed in Fiscal Caution

Poor records and numerous audit citations prompted Auditor of State Dave Yost today to place Franklin Township (Richland County) in a state of fiscal caution.

31
Jul
Chagrin Falls Exempted Village School District Receives Auditor of State Award with Distinction

A recent financial audit of the Chagrin Falls Exempted Village School District (Cuyahoga County) by Auditor of State Dave Yost’s office has returned a clean audit report.

28
May
Village of West Elkton Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of West Elkton (Preble County) from fiscal emergency, a status it has held since 2004.

22
May
Little Miami Local Schools Released from Fiscal Emergency

Auditor of State Dave Yost today released the Little Miami Local School District (Warren County) from fiscal emergency, a status it has held since 2010.

14
May
Village of Midland Released from Fiscal Emergency

Auditor of State Dave Yost released the Village of Midland (Clinton County) from fiscal emergency today.

14
May
Brookfield Local Schools Placed in Fiscal Emergency

The inability of the Brookfield Local Schools to develop an acceptable financial recovery plan prompted Auditor of State Dave Yost today to place the district in a state of fiscal emergency.

14
May
Village of Patterson Placed in Fiscal Emergency

Deficit fund balances, past due accounts payables and treasury deficits prompted Auditor of State Dave Yost today to place the Village of Patterson in a state of fiscal emergency.

14
May
Village of Morral Placed in Fiscal Emergency

Substantial deficit fund balances at the Village of Morral prompted Auditor of State Dave Yost today to place the village in a state of fiscal emergency.

09
May
Village of Melrose Released from Fiscal Emergency

Auditor of State Dave Yost today released the Village of Melrose (Paulding County) from fiscal emergency, a status it has held since 2008.

10
Apr
Village of Mantua Released from Fiscal Watch

Auditor of State Dave Yost today released the Village of Mantua (Portage County) from fiscal watch, a status it’s held since 2008.

09
Apr
City of Portsmouth Placed in Fiscal Watch

Lack of progress by the City of Portsmouth (Scioto County) to correct its financial problems prompted Auditor of State Dave Yost today to elevate the city’s status from fiscal caution to fiscal watch.

23
Oct
Auditor Yost Places Chillicothe in Fiscal Caution

Deficit fund balances in police and fire pension funds, along with the failure to perform basic accounting reconciliations, prompted Auditor of State Dave Yost today to declare the City of Chillicothe (Ross County) in a state of fiscal caution.

11
Oct
Village of Newcomerstown Placed in Fiscal Emergency

Substantial deficit balances at the Village of Newcomerstown (Tuscarawas County) prompted Auditor of State Dave Yost today to place the village in a state of fiscal emergency.

09
Oct
Auditor Yost Places Newton Township in Fiscal Caution

Deficit balances, significant audit citations, failure to file financial reports and unauditable records put Newton Township (Trumbull County) into fiscal caution, according to a declaration today by Auditor of State Dave Yost.

30
Aug
Village of Tiro Placed in Fiscal Emergency

A default on outstanding debt at the Village of Tiro (Crawford County) prompted Auditor of State Dave Yost today to place the village in a state of fiscal emergency.

07
Jun
City of Girard Released from Fiscal Emergency

Auditor of State Dave Yost today released the City of Girard (Trumbull County) from fiscal emergency, a status it has held since 2001.

25
May
Auditor Yost Declares East Cleveland in State of Fiscal Watch

Failure by the City of East Cleveland to submit an acceptable financial recovery plan to address the concerns outlined in its fiscal caution declaration prompted Auditor of State Dave Yost to elevate the city’s status to fiscal watch.

17
May
Auditor Yost Places Madison Township in Fiscal Caution

Significant deficit fund balances and incomplete financial records prompted Auditor of State Dave Yost today to declare Madison Township (Richland County) in a state of fiscal caution.

09
May
Auditor Yost Places Monroe Local Schools in Fiscal Emergency

Failure to present an acceptable financial recovery plan by the Monroe Local School District (Butler County) prompted Auditor of State Dave Yost today to place the district in a state of fiscal emergency.

01
Mar
Federal Hocking Local School District Released

Without raising taxes, the Federal Hocking Local School District in Athens County emerged from fiscal emergency today.

28
Feb
McDonald Local Schools Released from Fiscal Emergency

Auditor of State Dave Yost today released the McDonald Local School District (Trumbull County) from its fiscal emergency status, which it held since 2009.

21
Feb
Beaver Local School District Released from Fiscal Emergency

Auditor of State Dave Yost released the Beaver Local School District (Columbiana County) from fiscal emergency today, a status they held since February of 2010.

02
Feb
Auditor Yost Places Monroe Local Schools in Fiscal Watch

Projected deficits prompted Auditor of State Dave Yost today to declare the Monroe Local School District (Butler County) in a state of fiscal watch.

24
Jan
Auditor Yost Places Cloverleaf Local School District in Fiscal Emergency

The Cloverleaf Local School District is in a state of fiscal emergency, declared today by Auditor of State Dave Yost.  The action came at the request of the school district, which will now be placed under the supervision of a state commission.

05
Jan
Auditor Yost Declares East Cleveland in a State of Fiscal Caution

Auditor of State Dave Yost declared a state of fiscal caution for the City of East Cleveland in a meeting today with city officials.

20
Dec
Village of Alger Released from Fiscal Emergency

Alger’s improved financial condition prompted Auditor of State Dave Yost to release the village from its fiscal emergency status today.

22
Nov
Springfield Local School District Released from Fiscal Emergency

“The Springfield Local School District worked diligently and made the tough choices necessary to bring it to where it is today,” Auditor Yost said. “I am pleased to release the district from fiscal emergency and look forward to hearing more good things from the district.”

22
Nov
Auditor Yost Declares Portsmouth in a State of Fiscal Caution

“Portsmouth is the perfect example for why we created the fiscal caution designation,” Auditor Yost said. “We are concerned about the city’s financial condition and trust, with this early notice, city officials will take the necessary steps to bring Portsmouth back to fiscal health.

05
Oct
Auditor Yost Declares Akron in Fiscal Caution

“Akron has a lot going for it, and I am confident the city will be able to take the steps necessary to shore up its fiscal house,” Yost said. “But make no mistake, these are tough times, for Akron and many other Ohio governments, and the city will be making some tough decisions.”

11
Jul
Auditor Yost Places Liberty Local School District in Fiscal Emergency

“During these tough economic times, governments at every level have to cope with fewer dollars,” Auditor Yost said. “My office stands ready to work with Liberty Local Schools’ leaders and the commission to develop and carry out a plan to bring them back to fiscal health.”

26
May
Auditor Yost Places Liberty Local School District in Fiscal Watch

Failure to submit an acceptable revised recovery proposal and incomplete financial records prompted Auditor of State Dave Yost to place the Liberty Local School District into fiscal watch today.

15
Apr
Jefferson Township Local School District Released from Fiscal Emergency

“The Jefferson Township Local Schools worked tirelessly to “skinny” down their operations and bring the district back to the fiscal health that taxpayers deserve,” Auditor Yost said.

29
Mar
Auditor Yost Releases Youngstown City Schools from Fiscal Emergency Status

During a visit to Youngstown today, Auditor of State Dave Yost officially released the Youngstown City School District from fiscal emergency.

19
Aug
Taylor Places Scioto County in Fiscal Emergency

Financial analysis reveals $3.5 million deficit