Statement from Auditor Yost on Pending Release of Owens State Community College from Fiscal Watch
Columbus – Auditor of State Dave Yost today issued the following statement regarding the pending release of Owens State Community College from fiscal watch by the Ohio Department of Higher Education.
“College leaders were committed to correcting these financial weaknesses, and should be commended for their diligence,” Auditor Yost said. “This is a proud day for the school community, and I congratulate its administrators, faculty and students on their perseverance through difficult times.”
The Auditor of State’s office notified the Department of Higher Education this past week that the college implemented, or is in the process of implementing, an effective financial accounting and reporting system.
The Auditor of State’s office, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 5,900 state and local government agencies. Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.