Mayor explains state auditor demands to Council

January 11, 2012

At the end of an uneventful Council meeting, Mayor Plusquellic addressed Council to explain the actions the city has taken in response to the state auditor's demands that the city change its accounting practices. To comply with the auditor's demands, the city combined 740 funds to reduce the overall number of funds it tracks to 121. Those accounting changes cut the deficit on the books from $88 million to $12 million. The Mayor also explained why the city must start some projects before receiving federal funding, and he updated Council on the status of almost $4 million in TIF funds the city is owed. Watch the whole Council meeting for more.

Jan. 9, 2012 from Akron City Council on Vimeo.