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(b) The voters have not approved a levy that would raise enough money in the next fiscal year
to eliminate the deficit.
(c) “The Auditor of State determines that a declaration of fiscal emergency is necessary to
correct the district’s fiscal problems and to prevent further fiscal decline.”
The Financial Planning and Supervision Commission
(Section 3316.05 of Revised Code)
Commissions appointed after July 1, 1999 shall consist of five voting members:
Two ex officio members: The Director of the OBM (or a designee of the director);
The State Superintendent (or a designee of the superintendent);
Three appointed members, Business person appointed by the Governor;
Parent with child in the district appointed by the State Superintendent;
Business person appointed by the mayor or county auditor.
Appointed members shall be appointed within 15 days after the declaration of fiscal emergency.
State Superintendent or designee shall serve as commission’s chairperson.
Commission elects a member to serve as vice-chair.
Commission may appoint a secretary who need not be a member of the commission.
Commission may adopt and alter bylaws and rules.
Three members of the commission constitute a quorum.
Section 3316.17 of the Revised Code gives the commission authority to remove the superintendent
or treasurer.
Section 3316.07 of Revised Code
The Financial Planning and Supervision commission has the following powers:
To review or assume responsibility for tax budgets, levy requests, appropriation measures,
certificates of estimated resources, etc. to ensure a balanced budget.
To inspect and secure copies of documents effecting district finances.
To bring civil actions to enforce this chapter of the law.
To implement steps to bring accounting reports and procedures into compliance with Auditor
of State requirements.
To assist or assume responsibility for terms and conditions of school debt.