Financal reporting awarded
Two public entities in Wood County have been recognized for their financial reporting.
The Northwestern Water and Sewer District has received the “Making Your Tax Dollars Count” award for the district’s fiscal year 2009 audit.
The award, presented by the Auditor of State’s office, requires recipients to submit a comprehensive annual financial report that includes no findings or other issues. There must also be no other financial concerns involving the entity.
A Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Eastwood Local School District by the Government Finance Officers Association of the U.S. and Canada for the district’s annual financial report.
The award was presented to Dave Michel, district treasurer.
A meeting for residents who want to assist with the levy campaign for the Harris-Elmore Public Library will be Aug. 26 at 7 p.m. at the Genoa Christian Church, 415 Main Street, Genoa.
A 1.1-mill, 5-year operating levy will be on the November ballot.
The Genoa library is a branch of the Harris-Elmore Library.
The timing couldn’t have been better for Lake Township Police Chief Mark Hummer, who is also township administrator.
The Ohio Association of Chiefs of Police is sponsoring a workshop ”Police Facilities: New & Renovation” Oct. 12-14 in Streetsboro, O.
The township is replacing its administration building, including the police station, which was destroyed in the June 5 tornado.
The township trustees unanimously agreed last week to cover the fee and related expenses for the chief to attend.
A trend that Eastwood school officials expect to influence the district’s finances for the next several years is emerging, notes Brent Welker, superintendent, in his weekly newsletter.
“For the last couple of years we have seen improving or solid revenue overall,” he writes. “This year we are projecting a decline in revenue which will be led by both reduced income tax collections and lower funds from the state. Our first income tax collection was down $75,996 from last year at this time. This is something we had expected to a greater degree in prior years, but now it is coming to fruition.”
As of Aug. 12, the district collected $676,749 in fiscal 2010. This fiscal year it collected $600,753 as of that date.
Welker said the administration also expects upward pressure on the district’s insurance rates.