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www.wmfd.com - Mansfield City Schools' Financial Planning and Supervision Commission met for the first time Thursday, as the district tries to climb out of fiscal emergency. }}" />

   
 
 
Mansfield Schools' Financial Planning Commission Meets

Story By: Greg Heindel

 

 

 
 
 
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  Original Published: 1/2/2014

Mansfield City Schools' Financial Planning and Supervision Commission met for the first time Thursday, as the district tries to climb out of fiscal emergency. The first order of business was for Municipal Court Judge Jerry Ault to swear-in the five-member panel, which includes Chairman Paul Marshall, a Fiscal Consultant for the Ohio Department of Education; and local residents Mark Brunn and Jill Haring. A fourth member arrived late, and the fifth member has not yet been appointed. The process begins with the development of a financial recovery plan. It must be completed within 120 days, by May 2nd, but Marshall wants it done much sooner than that. Mansfield Schools must take out a cash advance to pay its bills. The state auditor's office will start determining how much of a deficit the district has next Monday, then present the funding request to the state controlling board. The Financial Planning and Supervision Commission will meet once a month, with the next meeting January 28th at four pm.

   
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