Youngstown applauded for straightening out finances | News, Sports, Jobs vindy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vindy.com Daily Mail and Mail on Sunday newspapers.
Apr 21, 2021
Youngstown City Council is expected tonight to approve transferring nearly $4.42 million of funds from the city’s general fund to reimburse other accounts following what the state says was improper spending.
This decision has been a long time coming, and we are hopeful that the vote goes off today as planned, in order to end this debate now and put it behind us.
The Ohio Auditor’s Office maintained in the city’s 2017 and 2018 audits that nearly $4.42 million in Youngstown’s water, wastewater and environmental sanitation funds were misspent on primarily economic-development expenditures that should have come from the city’s general fund.
Council supports $4 4M payment | News, Sports, Jobs vindy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vindy.com Daily Mail and Mail on Sunday newspapers.
Staff writer
YOUNGSTOWN The city plans to resolve a huge financial problem listed in its last two state audits by having its general fund reimburse $4.4 million to three other funds.
The 2017 and 2018 audits, both released in 2019, state the city improperly spent $4,415,332 from its water fund ($2,653,169), wastewater fund ($1,612,163) and environmental sanitation fund ($150,000), primarily for economic development. Also, the auditor allowed the city to have the general fund reimburse the three funds over a 15-year period.
The city has objected to that plan, with Mayor Jamael Tito Brown saying on a number of occasions the state auditor would have to take Youngstown to court to get the money.