State will audit Toledo for first time since 1985

The Ohio auditor will go over the city of Toledo’s books this year, not a private firm.

Mayor Paula Hicks-Hudson asked the state to look into the city's finances following a public disclosure of an $8 million fund that sat idle for five years, according to the Toledo Blade.

The paper said the idle money was the result of years of “illegal commingling funds”.

The firm of Clark, Schaefer, Hackett and Company had been auditing the city’s books since 2009, according to the state auditor communications director Ben Marrison.

The fund was discovered after retired Ohio Supreme Court Justice Andy Douglas wrote in a July 13 report that city finance officials had violated state accounting laws for years violated accounting laws. The investigation was prompted after The Blade reported on the fund.

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