Ohio Auditor Finds Major Financial Deficiencies in Newtonsville Village
1 report, 1 independent
Updated 06:25
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What happened
The Ohio Auditor placed the village of Newtonsville in fiscal caution after determining major deficiencies in its financial records on April 26. The village was placed on the “unauditable list” and must present a plan to correct the issues within 60 days. The audit found that expenditures exceeded appropriations and that bank reconciliations had not been performed since December 31, 2012.
From clermontsun.com
Why it matters
The financial records were in such poor condition that auditors could not determine fund balances for 2014, 2015, and 2016. The deficiencies included material weaknesses and direct noncompliance with Ohio law.
From clermontsun.com
Who's involved
- Kevin PringleLocal official involved in the financial deficiencies found by the Ohio Auditor